Investors File First Civil Suit Against JPEX Exchange
Two individuals have initiated a civil lawsuit against JPEX, a cryptocurrency trading corporation, and other defendants. This is the first lawsuit in the case, and additional lawsuits are expected. In Hong Kong district court, Herbert Lam Sung-him and Chan Wing-yan are each seeking $236,500, according to the South China Morning Post. The pair submitted three […]
Wormhole Introduces Governance Feature, W Token Up By 4.44%
Wormhole launches the Stake for Governance feature, increasing W token’s price by 4.44% and setting a daily transfer cap of 100M for safety. By introducing the Stake for Governance feature for W token holders, Wormhole achieved a milestone in its decentralized management roadmap. The project’s decentralized nature further enhances the active participation of token holders […]
Franklin Templeton Explores Altcoin-focused Crypto Fund
Franklin Templeton, an asset manager, is currently investigating the development of a new crypto fund for institutional investors, which would be based on altcoins. The Information reported on June 6 that the mutual fund is contemplating the establishment of a private fund to introduce institutional investors to altcoins. The report cites sources familiar with the […]
Kraken Reportedly Prepares for Funding Round Ahead of Possible IPO
Kraken cryptocurrency exchange is purportedly contemplating a funding round to generate over $100 million for the company in anticipation of a potential initial public offering (IPO). Kraken was contemplating a funding round anticipated to generate over $100 million by 2025, according to a Bloomberg report on June 6 that cited individuals with knowledge of the […]
Coinbase CEO Dumps $5.3M COIN Stock Before Meeting
Brian Armstrong, Coinbase CEO, has sold over $5 million COIN stock ahead of the upcoming stockholders meeting next week. CEO Brian Armstrong of Coinbase Global, Inc. received some attention for transferring some of his company shares. According to reports, the CEO of Coinbase has recently sold $5.3 million in COIN stock. Furthermore, this action is a […]