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13 Billion RMB Vanished: The Collapse of the Xinkangjia DGCX Scam
ByRicardoIn May 2023, the platform launched the DGCX Xinkangjia Big Data Exchange, claiming to be “the official sub-station of the Dubai Gold and Commodities Exchange (DGCX) in China,” and declared partnerships with multiple state-owned enterprises such as PetroChina and COSCO Shipping. The platform used forged contracts, official letters, website screenshots, and other materials to back…
BitMine says Ethereum ‘implied value’ is $60,000 amid race to own 5% of total ETH supply
ByRicardoBitMine, the largest corporate holder of Ethereum (ETH), believes the asset’s fair value could be as high as $60,000, far above its current market price of around $3,800. In a July 28 post on X, BitMine also noted that some long-term models place ETH’s potential value at more than $700,000. [Editor’s Note: At $700,000, Ethereum’s…
New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor
ByRicardoIn the wake of a big shift in crypto regulation spurred by the brand new White House administration beneath President Donald Trump, lawmakers are engaged on a contemporary tax framework geared toward offering readability and a protected harbor for sure transactions involving stablecoins. Proposed Crypto Tax Framework Representatives Max Miller from Ohio and Steven Horsford…
Verb secures $558M to become first TON treasury vehicle, plans TON Strategy rebrand
ByRicardoVerb Technology has priced an oversubscribed $558 million private placement to pivot into a Toncoin (TON)-focused treasury vehicle in partnership with Kingsway Capital. According to an Aug. 4 statement, Verb plans to rebrand to TON Strategy Co. (TSC) post-close and become the first publicly traded treasury reserve for Toncoin (TON), expected on or around August…
Struggling to sleep? You’re not alone – How Bitcoin’s recent price crash is affecting other traders IRL
ByRicardoBitcoin’s recent slide under $80,000 has triggered a wave of sleep disruption throughout the retail buying and selling group, in accordance to a brand new report from CEX.io. The flagship digital asset has since rebounded to about $88,000, however the roughly 31% drawdown from its recent peak left many traders monitoring costs by the night…
Bitcoin risks further slide toward $112,000 after surprise market correction
ByRicardoBitcoin (BTC) and Ethereum (ETH) opened the week with notable losses, as the two leading cryptocurrencies retreated from their recent highs. According to CryptoSlate’s data, Bitcoin fell more than 3% over the past 24 hours, slipping from above $118,000 to around $115,303 at the time of writing. Ethereum followed suit, dropping roughly 4% to $4,270…
