SafeMoon, a once-promising cryptocurrency, is now embroiled in a scandal of massive proportions. Its founder and top executives are facing charges of fraudulent activities and money laundering, as alleged by the US Department of Justice. This has sent shockwaves through the crypto community and raised concerns about the integrity of digital currency investments.According to the […]
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas Smith, on fraud charges. The price of SFM plummeted from $0.0002025 to $0.0000718 as investors rushed to sell their holdings in […]
USD Coin (USDC), the second-largest stablecoin, has experienced a decline in its circulating supply, falling below 25 billion for the first time since 2021. This decrease in supply is a result of Circle, the issuer of USDC, curbing minting services for retail users. Circle stated that they have discontinued their customer app and are now […]
PayPal, the digital payment giant, has received a subpoena from the Securities and Exchange Commission (SEC) regarding its U.S. dollar stablecoin, PYUSD. This development highlights the growing intersection between traditional finance and digital currencies. PayPal made waves in August when it became the first major company in its field to embrace digital currencies for payments […]
PayPal, the popular payment platform, has been served a subpoena by the United States Securities and Exchange Commission (SEC) regarding its stablecoin called PayPal USD (PYUSD). The SEC’s Enforcement division sent the subpoena to PayPal, according to a report by Reuters. This development comes three months after PayPal launched its PYUSD stablecoin, which is backed […]
SafeMoon and its executives, including CEO John Karony, have been charged by the SEC and DOJ in an alleged $200 million fraud scheme. The SEC claims that SafeMoon sold its cryptocurrency, SFM, through a fraudulent scheme and described SFM as a security asset. The SEC also alleges that SafeMoon misled users about the safety of […]
Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange Commission (SEC). The new development will allow advanced users to trade futures contracts for Bitcoin and Ethereum. Futures trading enables investors to […]
The United States Securities and Exchange Commission (SEC) has charged SafeMoon and three of its executives with fraud and unregistered securities sales related to its SafeMoon token. The SEC alleges that Kyle Nagy, the creator of SafeMoon, along with CEO John Karony and chief technology officer Thomas Smith, withdrew $200 million from the project and […]
