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A Brief History of Abraxas Abraxas, a darknet marketplace, launched on December 13, 2014, around the same time as other notorious platforms like Alphabay and Agora. However, it exit scammed less than a year later, in November 2015, leaving its customers and vendors high and dry. The stolen bitcoins from Abraxas, which were worth approximately […]

Former FTX Lawyer Uncovers Shocking Transfers Former general counsel of FTX, Can Sun, testified in federal court on Thursday, shedding light on the secret transfers made by FTX founder Sam Bankman-Fried (SBF). Sun expressed his shock upon discovering that billions of dollars in customer funds had been secretly transferred to SBF's hedge fund, Alameda Research.

SEC Drops Charges Against Ripple Executives In a significant development, the U.S. Securities and Exchange Commission (SEC) has dismissed all charges against Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's chief legal officer stated that this move by the SEC signifies a surrender rather than a settlement. The SEC's decision comes after pursuing a

Introduction The securities regulator and the central banking institution of Hong Kong have recently updated the region's crypto policy in response to industry inquiries. The authorities have introduced additional measures to protect retail investors and restrict their access to complex crypto products. Background Five years ago, Hong Kong adopted an initial approach to regulate crypto

Recent shifts in the global financial landscape, marked by geopolitical tensions in Ukraine and Israel and the potential for increased interest rates by the Federal Reserve, have caused significant tremors in various markets. Amid this turmoil, the 10-year Treasury note has seen a remarkable rise to 5%, a phenomenon last observed in 2007. Concurrently, gold

Robert Kiyosaki, the acclaimed author of "Rich Dad Poor Dad," predicts a significant surge in Bitcoin's price, forecasting it will reach $135,000. He also anticipates a substantial increase in the value of gold, with a price target of $3,700 in the foreseeable future. However, he forewarns those who save U.S. dollars, derogatorily referred to as

Economist Peter Schiff Predicts Inflationary Depression Economist Peter Schiff has issued a warning about the U.S. economy, stating that the country is heading towards an inflationary depression. Schiff believes that inflation will remain high for an extended period, leading to a severe and prolonged recession. He points out that the escalating national debt and federal

In a recent turn of events, Bitcoin experienced a significant surge, reaching a three-month peak. Market positivity regarding the potential approval of several Bitcoin ETFs by the Securities and Exchange Commission (SEC) fueled this rise. As SEC Chair Gary Gensler announced, the regulator is currently scrutinizing up to ten proposals for the product. Concurrently, the

Self-Directed Gold IRAs can be a fantastic way to invest in gold, without having to deal problems associated with purchasing physical bullion. This kind of account allows investors to buy gold directly from the government and then store it in their name. While many people prefer tangible gold items, everyone is able to access it.

Friday was a fruitful day for XRP, with substantial gains recorded in response to the Securities and Exchange Commission's (SEC) decision to discontinue its lawsuit against Ripple's administrators. Previously, the SEC had accused CEO Brad Garlinghouse and chairman Chris Larsen of contravening securities regulations. Along with XRP, Solana also experienced a dramatic surge, registering a