SEC Faces Sanctions Threat as Judge Questions Accuracy of DEBT Box Case

by Александр Пирогов | Dec 4, 2023 | Blog News

A United States District Judge, Robert Shelby, has raised concerns about deceptive statements made by SEC lawyers in a legal action against DEBT Box, a crypto company. The SEC’s case alleged that DEBT Box deceived investors by $50 million, but the judge...

Google’s AI Gnome’s Discovery Holds Crucial Implications for Modern Technologies

by Александр Пирогов | Dec 3, 2023 | Blog News

In a groundbreaking feat, Google’s GNoME has uncovered a staggering 2.2 million crystals, with around 380,000 predicted to possess remarkable stability. This discovery not only signifies a leap forward in material science but also underscores the pivotal role of...

Binance to Discontinue Support for BUSD Stablecoin in December

by Александр Пирогов | Dec 3, 2023 | Blog News

In Brief: Binance, the prominent cryptocurrency exchange, has announced the discontinuation of its native stablecoin, Binance USD (BUSD). The decision follows Paxos ceasing the minting of new BUSD coins. Binance has advised users to withdraw or convert their existing...

US Banks Grapple with $684 Billion in Unrealized Losses as Fed Reports Surge in Underwater Assets”

by Александр Пирогов | Dec 3, 2023 | Blog News

According to a Federal Deposit Insurance Corporation (FDIC) report, US banks are contending with an astounding $684 billion in unrealized losses on securities as of the end of Q3. The report indicates a significant uptick of $126 billion, marking a 22.5% increase in...

Hounax Crypto Exchange Vanishes, Leaving 131 Investors in Alleged $15.4 Million Scam”

by Александр Пирогов | Dec 3, 2023 | Blog News

Approximately 131 investors, ranging from 19 to 78 years old, report falling victim to an alleged cryptocurrency scam orchestrated by Hounax. The Hong Kong police receive 88 complaints on Nov. 25, with an additional 15 filed with the Securities and Futures Commission...

SEC’s Legal Battle Against Kraken Faces Setback

by Александр Пирогов | Dec 3, 2023 | Blog News

The Securities and Exchange Commission (SEC) encounters a potential setback in its lawsuit against Kraken, a prominent cryptocurrency exchange. The legal dispute revolves around the SEC accusing Kraken of functioning as an unregistered securities exchange. Critics...