Tag Archives: crypto

Terraform Labs and Co-Founder Convicted of Defrauding Investors

A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier that the company and Kwon unlawfully offered and sold crypto asset securities, the Securities and Exchange Commission (SEC), which brought the lawsuit, said in a Friday (April 5) statement.  “Terraform Labs and Kwon, its former CEO, deceived …

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$4,400 Investment Turns Into $172 Million in April 2024

At present, Shiba Inu (SHIB) is trading at $0.00002675, experiencing a slight decrease of 6.5% over the past 24 hours. However, this marginal shift stands in stark contrast to SHIB’s remarkable surge in recent months. With a trading volume soaring by 22% to $915 million and a market capitalization hitting $16 billion, Shiba Inu now occupies the 12th spot in …

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Digital Asset Management Giant Grayscale Rolls Out New Actively Managed Investment Product Focused on Staking

Crypto asset manager Grayscale is launching a new product focused on income from staking rewards. In a new announcement, Grayscale says that it is launching the Grayscale Dynamic Income Fund (GDIF), a new actively managed investment product that aims to earn profits from the staking rewards of proof-of-stake (PoS) crypto assets. “GDIF is our first actively managed investment product. It …

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Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX

Image Credits: Fatih Aktas/Anadolu Agency / Getty Images Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during …

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