By Emir Abyazov Ripple co-founder Chris Larsen has come under fire from the crypto community after transferring 50 million XRP—valued at approximately $175 million—to exchanges just as cryptocurrency prices reached recent local highs. Source: xrpscan Many observers accused Larsen of intentionally taking advantage of the peak to sell, prompting a fresh wave of scrutiny over […]
Tag: ADA
By Emir Abyazov A class action lawsuit filed in federal court for the Southern District of New York accuses the memecoin platform Pump.fun of operating a fraudulent “slot machine” scheme that allegedly defrauded users of $5.5 billion. These allegations have placed Pump.fun at the center of a wide-reaching federal fraud investigation. A class action lawsuit […]
By Emir Abyazov Tether is developing a new U.S. strategy and plans to launch an institutional stablecoin specifically for corporate clients, according to CEO Paolo Ardoino. Ardoino said in an interview with Bloomberg Television that the company’s entry into the U.S. market is already well underway. New stablecoin for institutions “We are actively working on […]