The US Securities and Exchange Commission (SEC) has taken legal action against media and entertainment company Impact Theory for conducting an unregistered offering of crypto asset securities as Non-Fungible Tokens (NFTs). Impact Theory raised approximately $30 million from hundreds of investors, including those across the United States.The SEC’s order reveals that Impact Theory introduced three […]
India-based crypto exchange WazirX has temporarily suspended Indian Rupee (INR) withdrawals from its trading platform. The exchange has reportedly partnered with an alternate payment service provider, and a “phased rollout” is already underway.Customers of the largest Indian crypto exchange by volume have not been able to withdraw INR for over 24 hours. According to the […]
The United States Securities and Exchange Commission (SEC) has charged Impact Theory, a Los Angeles-based media and entertainment company, with conducting unregistered securities sales when it sold nonfungible tokens (NFTs) to investors between October and December 2021. The company raised almost $30 million through the sales of NFTs it called Founder’s Keys, which were offered […]
In the ever-evolving landscape of cryptocurrency, Borroe Finance ($ROE) is emerging as a fresh and innovative contender that showcases strong potential for growth and stability. The success of its presale campaign, marked by the NFT community’s growing interest, mirrors its potential to become a top-tier crypto investment. This achievement reaffirms Borroe’s status as a prime […]
Brazilian football legend Ronaldinho Gaúcho is facing the possibility of detention as he is entangled in a cryptocurrency fraud investigation in his homeland. He is accused of being associated with a pyramid scheme post-retirement, which allegedly caused financial losses for investors who were swayed by his iconic status. He was summoned by the Brazilian Chamber […]
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company Impact Theory, LLC for allegedly offering unregistered securities in the form of NFTs.The SEC said that Impact Theory had raised over $30 million from investors in the United States, and had emphasized that it was “trying to build the next […]
Cybersecurity researcher ZachXBT recently highlighted a concerning issue with X’s new verification process. Previously, all verified accounts had blue checkmarks, but now blue checkmarks indicate that the owner of the account has an X Premium subscription and meets the requirements to display the checkmarks. Government officials, multilateral organizations, and individuals acting as government representatives now […]
A federal court in Chicago has taken a groundbreaking step to combat cybercrime by using innovative technology to lock criminals out of their blockchain accounts. The court order applies to 16 individuals and international criminal organizations sanctioned by the United States Treasury Department, including the notorious Lazarus Group and Hydra Market.The Lazarus Group is a […]
Sam Bankman-Fried, the disgraced founder of FTX, and his lawyers have requested that the Government be precluded from using certain evidence when his trial commences on October 2. The lawyers have argued that Bankman-Fried does not have enough time and resources to review the large volume of documents produced by the Government.In addition, Bankman-Fried’s lawyers […]
The United States Securities and Exchange Commission (SEC) has charged Impact Theory, a Los Angeles-based media and entertainment firm, for unregistered offering of nonfungible tokens (NFTs) known as “Founder’s Keys”, which raised approximately $30 million from investors. Without admitting or denying the SEC’s findings, Impact Theory agreed to a cease-and-desist order and will pay a […]
