Results For: crypto
Crypto Investment Products Experience $206,000,000 Outflows
Crypto investment products have witnessed outflows for the second week in a row. According to the data, a total of $206 million in capital exited the market. CoinShares reported that this trend coincides with a slight dip in trading volumes for exchange-traded products (ETPs), which recorded $18 billion in transactions. The data suggests that investor …...
Thailand SEC to Block Access to Unauthorized Crypto Service Providers
The Securities and Exchange Commission (SEC) of Thailand has announced its collaboration with the Ministry of Digital Economy and Society (DE) and other related agencies. The collaboration is part of the plan to block unauthorized access to digital asset service providers’ platforms. This move aims to increase the efficiency of law enforcement and prevent criminals …...
US Jury Finds Crypto Trader Guilty in $110M Mango Markets Manipulation
A federal jury in New York has found Avraham Eisenberg, a 28-year-old crypto trader, guilty of commodities fraud, commodities manipulation, and wire fraud for his actions on the decentralized finance platform Mango Markets. According to Bloomberg, the verdict, delivered on Thursday, marks the first time a US trial involving criminal charges tied to cryptocurrency manipulation …...
🥛 Crypto has a new ‘bot-less’ blockchain 👋
Today’s edition is brought to you by LightLink – an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless transactions. Join LightLink’s token distribution on Fjord Foundry. GM. This is Milk Road. We’re like that one friend who always has the juiciest gossip — except ours is all about crypto and …...
🥛 The state of crypto in 5 graphs 📊
Today’s edition is brought to you by Cross Finance – the lovechild of the global economy, bringing together banking and crypto into one big, happy ecosystem. Experience the revolution today on CoinList!* GM. This is Milk Road. Where we decode the crypto market like a toddler (somehow) cracks your phone password – with ease. Here’s …...
Crypto Investment Products Experience $126,000,000 Outflows
Crypto investment products saw minor outflows totaling $126 million last week, according to a report by CoinShares. The outflow occurred as investors appeared to be hesitant in the face of stalled positive price momentum. Despite a slight increase in overall volumes from $17 billion to $21 billion week-on-week, ETP/ETF activity dropped relative to the overall …...
UK Set to Introduce Comprehensive Crypto Regulation by July
The UK government is on track to introduce comprehensive legislation for the regulation of crypto assets by June or July, according to Economic Secretary Bim Afolami. Speaking at the Innovate Finance Global Summit on Monday, Afolami confirmed that the government is working swiftly to deliver the legislation that will bring a wide range of crypto-related …...
Security Engineer Gets 3-Year Prison Term for Hacking Decentralized Crypto Exchanges
The court sentenced Shakeeb Ahmed, a former senior security engineer, to three years in prison for hacking two separate decentralized crypto exchanges and stealing over $12 million worth of cryptocurrency. Damian Williams, the United States Attorney for the Southern District of New York, announced the sentence, marking the first-ever conviction for the hack of a …...
🥛 The state of crypto right now 👀
Today's edition is brought to you by RARI Chain – the first creator-centric chain powering the next generation of NFT use cases, built on Arbitrum and now launching the season of $RARI Rewards. Join RARI Chain’s latest NFT drops on Rarible marketplace. GM. This is Milk Road, where we sort through crypto news like it's …...
Jury Finds Terraform Labs and Do Kwon Guilty of Crypto Fraud
A jury in the United States District Court for the Southern District of New York has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The verdict, delivered after a nine-day trial, marks a significant victory for the Securities and Exchange Commission (SEC) in its efforts to regulate …...
