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Cameron Winklevoss returned to Twitter on Tuesday with another callout of Digital Currency Group (DCG) and its CEO, Barry Silbert. Winklevoss accused both Genesis Global, DCG, and Silbert of defrauding Gemini, and over 340,000 users of the company’s Earn program. Lies and Fraud at DCG? According to a public statement from the exchange CEO, each party misrepresented the financial health of DCG and Genesis. This lured lenders into continuing to make loans to Genesis, buying time to “dig themselves out…

A local report from news firm news1 claims Huobi Korea has plans for a split from its parent company Huobi Global. The subsidiary will purchase all shares from its parent body and go independent.  Huobi Korea to Change its Name According to the release, the Korean subsidiary of the exchange platform intends to put stronger roots down in the region. As such, the company will acquire its shares from the main body. It also reportedly has plans to take on…

Brett Harrison – former CEO of FTX US – spoke with his followers over the weekend about the tendency of crypto companies to resort to token issuance for raising funds.  He was also questioned regarding his insider knowledge about FTX US and its collapse. Why Not Go Public? In a tweet on Sunday, Harrison questioned why more crypto companies don’t simply go public early in their lifecycle the way Amazon did.  “Relatedly, how do companies reconcile the desire to stay…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $824 billion. Bitcoin gained nearly 3% in value in the last week. Ethereum increased by almost 6% over the past seven days. XRP is up by nearly 1% this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…

Global payments network Mastercard has revealed its latest innovative Web3 venture. Via the new “Artist Accelerator” feature, Mastercard hopes to usher in five burgeoning musicians into the Web3 experience as well as stardom.  Mastercard Program to Teach Web3 Branding Dubbed the Mastercard Artist Accelerator, the initiative is set to leverage Web3 and blockchain solutions to empower rising artists. The Mastercard program will feature a unique training module that prepares artists to utilize Web3 in creating their brands. Not only that,…

Alex Mashinsky, ex-CEO of failed crypto lender Celsius Network is facing a fresh lawsuit from New York Attorney General Letitia James. The lawsuit also seeks to ban Mashinsky from making any business operations in New York. Lawsuit Calls Mashinky a Fraud The suit accuses Mashinsky of committing fraud by being untruthful about Celsius’ financial health between 2018 and June 2022. He allegedly defrauded hundreds of thousands of Celsius users, falsely assuring them of the platform’s stability. This was apparently a…

According to a notice on recruitment site Civil Service Jobs, the UK’s leading crime commission is on the hunt for a crypto investigator. NCA Launches Crypto-specific Unit Per the posting, the new opening falls beneath a project from the agency’s cyber-focused division, the National Cyber Crime Unit (NCCU). The NCCU reportedly has plans to set up a “specialized cryptocurrency and virtual assets team.” The aforementioned unit dubbed the “NCCU Crypto Cell” will have a starting workforce of just 5 personnel.…

SolidProof is proud to announce a new reward system connected to its Affiliates Program. This strategy will give its KOL network a new opportunity to promote the company's services while earning rewards. The company aims to reward its network with up to 22.5% monthly commissions for promoting the program. With this initiative, SolidProof is creating an even larger presence in the industry and expanding its outreach. A New Way to Benefit from a Trusted Company With the new reward system,…

2022 saw crypto second-in-command the Ethereum network surpass Bitcoin in terms of transactions. Indeed, Ethereum reeled in four times the amount of transactions BTC processed in the past 12 months. Interestingly, despite this, BTC was able to retain its status as the best-known cryptocurrency, netting more searches than Ethereum did.  BTC Attracts the Most Online Interest in 2022 An analyst shared data on Reddit from financial services corporation Nasdaq alongside investment research platform Ycharts pertaining to both crypto assets. Per…