The Securities and Exchange Commission (SEC) has filed a suit against Chicago Crypto Capital (CCC) for allegedly defrauding investors of $1.5 million by issuing unregistered BXY tokens during the 2018 ICO boom. The lawsuit filed on Sept. 14 also named Chicago Crypto Capital (CCC)‘s owner, Brian Amoah, and two salesmen — Oliver Young and […]
The metaverse is a digital world created by the combination of virtual reality, augmented reality and the internet. While the technology is in its infancy, many believe it will profoundly change the worlds of gaming, social media and ecommerce. Last week, JPMorgan said in a research report that the metaverse-related economy of China alone […]
Russian President Vladimir Putin signed a law on July 14 that bans the use of cryptocurrencies as a means of payment, local news media RBC reported. The ban applies to the use of digital financial assets (DFAs) and utilitarian digital rights (UDRs), which refers to tokens that offer the right to utility or services. […]
vpnMentor, the self-described “authority on VPNs and web anonymity,” has recently revealed a report that 7 VPM services have leaked more than 1.2 terabytes of information, a press release notes. This is interesting, considering these VPN services consider themselves “no-log” which means they shouldn’t record any player data at all. However, the exposed information […]
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that Bitcoin was the only cryptocurrency he was prepared to publicly label a commodity. Gensler made the comments on CNBC’s Squawk Box, where he discussed the implications of labeling particular […]
Instagram’s parent company, Meta, announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform Spark AR. CEO Mark Zuckerberg said of the news, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also stated in an announcement, “Creators and collectors will be able […]
A report published by International Consulting Firm, Mckinsey & Company, suggested that the global spending in the metaverse could reach $5 trillion by 2030. The 77-page report titled “Value Creation in the Metaverse” analyzed the current adoption trend and drew additional insights from two global surveys. The first survey gathered data from 3,104 consumers across […]
The most recent crash of Terra was one of the most significant cryptocurrency catastrophes in history, taking out billions of dollars in value (approximately $45billion). The downfall of UST, which happened majorly between May 7- May 10, sent tremors through the cryptocurrency markets. Janet Yellen (an American economist serving as the 78th United States secretary […]
The influence of social media and crypto has given rise to a new form of scamming and fraud known as cryptocurrency scams, which have increased in number and severity over the past few years. According to a recent report, nearly $1 billion was lost through cryptocurrency scams in 2021, with an estimated 9 in 10 […]
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017, Bloomberg News reported. Specifically, the watchdog is examining if BNB’s Initial Coin Offering (ICO) met the definition of […]
