SEC fines former NBA player $1.4M over crypto promotion
Paul Pierce, was prosecuted by the SEC on February 17, 2023 for promoting and making false statements about EMAX tokens. Through social media sites, Paul Pierce made and spread fraudulent and deceptive promotional remarks about EMAX, a coin that EthereumMax offered and sold. Throughout the trial, Pierce omitted saying how much he was paid for […]
Russia To Launch Digital Ruble (CBDC) Pilot In April
Russia is preparing to create its own central bank digital currency (CBDC), which could be ready for testing as soon as April. Olga Skorobogatova, the first deputy governor of the Russian Central Bank, told the media that the bank intends to start testing the CBDC on April 1st, 2023. Although the CBDC would strive for […]
Platypus Finance Suffers $9M Hack On Avalanche
The DeFi application, Platypus Finance was the target of a $9 million attack according to the blockchain security firm CertiK. According to the report, a hacker took advantage of a feature in one of Platypus’ smart contracts by using flash loans on the Avalanche (AVAX) blockchain. Stablecoins worth $44 million were added to the application […]
Singapore’s fintech financing booms as crypto continues to lead
The crypto segment invested the most in Singapore’s fintech sector in 2022, it reached the highest level in the previous 3 years. According to recent data released by KPMG Pulse of Fintech , fintech investment in Singapore has hit its peak in the last three years with a total investment of over U.S. $4.1 billion […]
OpenSea Delists NFTs Featuring Rihanna’s Music
An NFT collection featuring royalty rights from her 2014 song “Bitch Better Have My Money” was taken down and delisted from OpenSea. This week, an NFT collection containing the royalties from Rihanna’s 2014 song “Bitch Better Take My Money” was removed from OpenSea and delisted in preparation of her highly anticipated Super Bowl halftime performance. […]