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SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation

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The US Securities and Exchange Commission (SEC) has recently announced that it has charged Justin Sun, a prominent crypto entrepreneur, and his three companies- Tron Foundation, BitTorrent, and Rainberry Inc, with allegedly conducting an unregistered sale of “crypto assets securities.” 

The SEC alleges that Sun and his companies offered and sold Tronix (TRX) and BitTorrent (BTT) tokens to the public without registering these tokens as securities, following the regulatory agency’s crackdown on the crypto industry. 

Lindsay Lohan And Celebrities Involved In SEC Case Against Crypto

In addition to the charges of unregistered offering and sale of crypto asset “securities” TRX and BTT, the SEC has also accused Justin Sun and his companies of alleged fraudulent activities related to TRX.  Read more...

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Baby Doge Coin Makes A Surprising 116% Leap – The Infant Is Now A Giant

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The cryptocurrency market is on its way to possibly rocky terrain this “love month,” but January will linger a happy memory for some investors, especially those who made substantial investments in prominent meme coins like Floki, Shiba Inu, and, Baby Doge Coin.

Baby Doge Coin? You might ask.

Yes. Similar to Dogecoin and Shiba Inu, Baby Doge Coin (BABYDOGE) is a meme-based cryptocurrency. Baby Doge is a comical cryptocurrency held in over 300,000 wallets that considers itself a “community coin.”

It was introduced in 2021 with a total quantity of 420 quadrillion tokens, and the earliest reported price was only $ 0.000000000175.  Read more...

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South African Retail Giant Pick-n-Pay Now Accepts Bitcoin Payments At All Locations

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Pick n Pay has partnered with CryptoQR in order to accept bitcoin at more than 2,000 stores.

Pick n Pay, a South African retailer, has launched acceptance of bitcoin for payments throughout all of their stores. Previously, a test pilot had rolled out to 39 stores in November 2022. Now, all stores under the Pick n Pay brand will allow customers to use CryptoQR to buy their groceries using bitcoin, according to an announcement by the payments platform on Twitter.

Customers will also be able to “buy airtime and electricity, plane and bus tickets, and pay your municipal bills with Bitcoin at the till!” according to the tweet.  Read more...

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Major Adoption News For Bitcoin: POS Giant Clover Starts Lightning Trial

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Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today. As Strike CEO Jack Mallers announced via Twitter, the Bitcoin Lightning Network went live yesterday with Clover.

On Twitter, Mallers announced that Strike is now an integrated partner with payments giant Fiserv, Clover’s parent company. As a result, Strike has launched a pilot integration with Clover that will allow merchants to accept Bitcoin payments through the Lightning Network.  Read more...

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POS Giant Clover Teams Up With Strike To Bring Bitcoin’s Lightning Network To Millions Of Merchants

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A 90-day trial period kicks off Clover’s integration with the Bitcoin Lightning Network, enabling faster, cheaper payments at merchants.

Strike CEO Jack Mallers has taken to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike has launched a pilot integration with Clover allowing merchants to accept bitcoin over the Lightning Network.

According to his announcement, the integration is not limited to Strike. Instead, merchants will be able to accept Lightning payments from any source — “From Cash App to a node over Tor. If it can make a Lightning payment, you can use it,” Mallers stated on Twitter.  Read more...

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Giant Bitcoin Miner Core Scientific Files For Bankruptcy

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One of the largest bitcoin mining companies in the U.S. has filed for Chapter 11 bankruptcy protection.

  • Core Scientific has officially filed for bankruptcy.
  • The filing followed a decline in the firm’s operating performance and liquidity.
  • The giant bitcoin miner said it plans to continue operating as it navigates the restructuring.

Nasdaq-listed Core Scientific filed for bankruptcy in the U.S. early Wednesday, confirming late Tuesday reports that the miner would seek Chapter 11 protection on the following day.  Read more...

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UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round

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Abrdn, one of the U.K.’s biggest asset-management firms, has backed a $ 28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm’s largest external shareholder earlier this year.
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Entertainment Giant Konami Seeks Personnel To Set Foothold In Metaverse And Web3

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The billion-dollar entertainment conglomerate Konami will jump into the Web3 and Metaverse with its own products and services. The company made the announcement via its official website with the launch of new positions to create the team that will allow them to enter the nascent sector.

Famous as a video game, trading cards, anime, developer, and publisher, the Japanese company has launched classic titles like Metal Gear, Silent Hill, Castlevania, Contra, Yu-Gi-Oh!, Dance Dance Revolution, and others. Konami has made an impact on popular and video game culture.  Read more...

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Why This Indonesian Tech Giant Bough Crypto Exchange For $8 million

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Per a report from Reuters, Indonesia’s largest digital economy platform GoTo purchased the crypto exchange PT Kripto Maksima Koin. The company has been making efforts to expand and diversify its services after recording important growth in the first half of 2022.

According to the report, PT Goto Gojek Tokopedia Tbk (GoTo) acquired 100% of shares from the crypto exchange. The digital platform paid $ 8,4 million for the acquisition.

PT Kripto is one of the 25 crypto exchange platforms with a license from Indonesia´s Commodity Futures Trading Regulatory Agency. Its acquisition could be part of a bigger strategy to integrate a blockchain and digital asset business into its structure, a spokesperson for GoTo told Reuters:  Read more...

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Samsung Securities Joins Giant Brokerages In Bitcoin, Crypto Exchange Push: Report

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Samsung Securities, Mirae Asset Securities and five other giant brokers have filed to launch cryptocurrency exchanges in South Korea in 2023.

  • Seven large domestic securities companies in South Korea are seeking approval to operate cryptocurrency exchanges.
  • Two companies are listed by name in the report: Mirae Asset Securities and Samsung Securities.
  • The institutional digital asset ecosystem in South Korea is seeing an increase in demand following the local presidential election of Yoon Suk-Yeol.

Seven large domestic securities companies in South Korea have filed to establish exchanges for bitcoin and other cryptocurrencies, per a local report from NewsPim.  Read more...

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Game Giant Blizzard Lambasted for Alleged Cynical Hiring Practices

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In the wake of mass layoffs that saw over 800 employees leave the company back in early 2019, Blizzard is once again hiring for identical positions in what ex-employees are branding a cynical move. A job opening for a Hearthstone community manager listed on Blizzard’s careers portal earlier this week sparked the controversy. Among the […]

The post Game Giant Blizzard Lambasted for Alleged Cynical Hiring Practices appeared first on CCN Markets

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Telecom Giant AT&T Now Accepts Bitcoin Payments

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Telcom Giant AT&T Now Accepts Bitcoin Payments

On May 23, telecom giant AT&T announced that customers can now pay their bills through Bitpay. The firm has become the first major U.S. mobile and landline carrier to accept BCH and BTC for payments.

Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

AT&T Now Accepts Crypto Payments

American multinational telecom conglomerate AT&T has partnered with Bitpay to allow users to pay their bills with cryptocurrencies. Customers can use the AT&T online platform when they log on to their accounts online and select Bitpay as a payment option. This allows clients to access the Bitpay invoice portal, where they can select BCH or BTC in order to pay their bills. AT&T’s customer base is huge and the firm ranked #9 in the U.S. Fortune 500 rankings based on total revenue.  Read more...

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Esports Giant Complexity Gaming Announces Major Rebrand

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Complexity Gaming, one of the largest North American esports organizations, announced Friday that it is conducting a major rebranding initiative to push towards “Esports 3.0,” where esports athletes are treated like professional sports athletes. Texas-based #esports franchise @compLexity Gaming, whose owners include @DallasCowboys owner Jerry Jones, is re-branding to more closely align with the @NFL […]
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The Sleeping Giant Awakens: Bitcoin (BTC) Price Surges to $4,750

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The largest cryptocurrency finally broke out above $ 4,200 on Tuesday after jumping more than 20% to north of $ 5,000 before pulling back to $ 4,746. There doesn’t seem to be any major event behind the rally, rather, this looks to be the result of months of consolidation followed by a strong breakout through the last few […]
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Real Estate Giant Holding Live Luxury Home Auction for Bitcoin

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Real Estate Giant Holding Live Luxury Home Auction for Bitcoin

A major Australian real estate group is holding a luxury home auction that can be paid for with two cryptocurrencies. There will be a live auctioneer who will call out bids in BTC. The property owner says he wants to keep as many coins as possible.

Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

Live Auction for Cryptocurrencies

One of Australia’s largest real estate groups, LJ Hooker, is preparing a live luxury real estate auction for cryptocurrencies with a live auctioneer. The company is working with James Pratt Auctions and blockchain company Nuyen, which will facilitate online bidding for the five-bedroom house in New South Wales, Australia. Micky media outlet reported Monday:  Read more...

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Crypto Firms Flock to Estonia: Is the Country’s E-Residency Program a Giant Loophole for Money-Laundering?

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Estonia’s e-Residency program allows location-independent non-citizens and firms to access services such as banking digitally. Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered there currently. Consequently, the Estonian central bank deputy governor, Madis Muller, says the program poses a money-laundering risk In quotes reported by Reuters, the central bank chief stated: There is a money laundering risk with cryptocurrency operators. We have made it too easy for these crypto operators now. They get a reputational benefit from their link to Estonia. We get the reputational risk. Empowering Estonian Police to Investigate  Read more...

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Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

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Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining hardware. Co-president Jason Wang said: Looking into the first quarter of 2019, we anticipate further deceleration in customers’ wafer demand, due to a softer than expected outlook in entry-level and mid-end smartphones as well as falling crypto currency valuations. Although UMC’s ongoing transformation will need  Read more...

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