New York Attorney General Sues Crypto Exchange Coinex – Claims Trading Platform Offers Unregistered Securities
Cryptocurrency exchange Coinex has been sued by New York Attorney General Letitia James for “failing to register as a securities and commodities broker-dealer and falsely representing itself as a cryptocurrency exchange”. The NY Attorney General emphasizes that Coinex is definitely not registered with the US Securities and Exchange Commission (SEC) even though the platform definitely allows users to trade cryptos that are allegedly securities . According to the announcement it is said that the Attorney General’s Office was able to buy and sell cryptocurrencies in New York while the company is registered in the state which is clearly a violation of the rules and through that lawsuit the Attorney General seeks an order which prohibits Coinex from misrepresenting that it is an exchange and prohibits the company from operating in New York and enforcing geo-blocking based on its IP address and GPS location. to block its access to and including Coinex’s mobile app, website and services from New York, and the exchange states that it is considering the allegations of operating an unregistered exchange and in view of its lawsuit and the Exchange is taking proactive steps to address the concerns of the New York Attorney General.
Tencent to offer metaverse-building services for Asian markets
Tencent, a software and technology company based in China, has announced its Metaverse suite of services designed specifically to target the Asian markets. The company announces or otherwise reveals that it will update its media offering with its new “metaverse-in-a-box” proposition, aimed at creating virtual worlds for third-party companies. The task has to be prepared conveniently.
Binance looking to hire developers, support staff in Romania
Global crypto exchange Binance is of course now hiring information technology specialists and customer service representatives for its operations in Romania, and the leading coin trading platform is also engaged in a number of education initiatives in collaboration with Romanian universities and authorities. Binance is constantly hiring and growing around the world and is working as a focal point on the map in Romania, recognized for the greatest development in the field of information technology and technology and for the greatest high-skills
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
Crypto currency exchange Coinbase has announced Base, an Ethereum layer2 scaling network, after developers launched the Base testnet on Thursday and the company said it is incubating Base within Coinbase and the L2 chain over time will be decentralized as well.
Russian Founder of DeFi Platform Forces Involved in $340 Million Crypto Ponzi Scheme
In the US, 4 convicts have been charged with operating a crypto private and Ponzi scheme and with the same said that they defrauded investors of millions of dollars and if they are convicted, they allegedly used the Decentralized with Platform ( For his role in DFI) Platform Forces, he could face up to 20 years in prison.
Developers Propose Cross-Chain Bridge for XRPL Network to Increase Blockchain Interoperability
Ripplex members, called software engineers and development labs, want to build a cross chain bridge for their XRPL network to strengthen cross check transfers between different blockchain networks, according to a recent Github draft. The proposal describes how a cross-chain bridge can function and proposes ways to prevent the duplication of transactions.
Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawl Space
A former school auxiliary facilities director in Cohasset, Massachusetts, has been indicted for operating a mining operation inside the crawlspace at Cohasset High School, and the Cohasset High School police department alleges Nadeem Nahas executed the crypto mining scheme. Stole approximately $18,000 in order to operate.
Arbitrum’s daily transaction count overtakes Ethereum for the first time
If we talk about that week, according to the data recorded on Tuesday and Wednesday, layer2 scaling project Arbitrum’s transaction count has overtaken Ethereum and Ethereum definitely recorded 1,090,510 transactions on Wednesday compared to 1,080,839 transfer counting. Transaction processed.
Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound After Fed Minutes
Ethereum Partes Off on February 23rd as the Market Responds to the Latest Federal Open Market Committee Announcement That the Federal Reserve Will Hold Its Current Policy Until Inflation Decreases Substantially Is. Bitcoin also seems to be overpriced in all the figures as it moved above $24000.
Report: Chipper Cash lays off more workers – crypto department is still on, says CEO
Nigerian fintech, Chipper Cash, recently said that it has laid off staff and the firm has taken this step to help with its operations and reduce its costs. While no figures have been given on the number of workers laid off, one report suggests it will be around 100, or 12.5% of Chipper Cash’s entire workforce. Chipper Cash CEO Ham Serunjogi dismisses reports that his company has closed its cryptocurrency division.
Crypto Groups on Russian Social Media Are Defaming Bitcoin by Bots
Social media groups dedicated to cryptocurrencies in Russia have been attacked by bots that pretend to be bitcoin and the like. His comments on the country’s biggest social media platform are triggered by certain keywords like crypto currency and blockchain and the sea The members of the Court have seen it.
Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia
A British national has been detained in Moscow on an Interpol red notice for consulting North Korea on cryptocurrencies and US officials allege the man bypassed sanctions by using digital assets to the regime in Pyonpyang. The man is wanted for conspiracy to violate the International Emergency Economic Powers Act (IEEPA).
US may consider Alexander Vinnik for prisoner exchange with Russia, lawyer says
Alexander Vinnik, the alleged operator of the cryptocurrency exchange BTC-e, could be a candidate for a prisoner swap between the United States and Russia. Of course he went to jail for fraud and was accused of wrongly processing funds from a now defunct but previously working platform. His lawyer told that definite possibilities are being made and application has also been given by Alexander for release on bail. The latest court hearing in Vinnik’s case has been postponed.
