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Author: Zoe Mende

Paxful Co-Founder Pleads Guilty to AML Charges

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Paxful co-founder Artur Schaback pleads guilty to conspiracy to fail to maintain an effective anti-money laundering program. Schaback faces up to five years in prison and will face sentencing on November 4. The guilty plea stems from Schaback’s actions between July 2015 and June 2019. Paxful exposed to criminal activities and money laundering due to AML and KYC negligence. Schaback to pay a $5 million fine in...

Cryptocurrencies, Front page, News, P2P, Paxful

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Private Equity Giants Eye Bitcoin Miners Amid AI Boom

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In a significant development in the cryptocurrency and technology sectors, private equity firms are increasingly eyeing Bitcoin miners as potential partners in the rapidly expanding field of artificial intelligence (AI). This trend has been highlighted by a recent deal between Core Scientific and CoreWeave, which has sparked a wave of interest and investment in the Bitcoin mining industry. The Core Scientific-CoreWeave Deal: A Game...

AI, Bitcoin, Cryptocurrencies, Front page, News

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3AC Capital

Bankrupt 3AC Capital Buys NFT Amidst Liquidation

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3AC’s wallet successfully purchased a “Neon Village” NFT for 20 ETH ($60,000) during liquidation proceedings. The bid was placed in August 2021 and overlooked by Teneo, the company handling the liquidation. 3AC filed for Chapter 15 bankruptcy in July 2022 due to liquidity issues following the collapse of the Terra ecosystem. The incident highlights the need for better oversight and management of assets during...

3AC, Cryptocurrencies, Front page, Neon Village, News, NFTs

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The Rise of Web3

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Web3 apps reach an all-time high of 10 million daily active users. Social sector sees a 66% increase in dUAW. NFT marketplaces experience a surge in trading volume. TVL in decentralized finance applications sees a decline. The future of Web3 is bright, with continued growth and innovation expected. In an exciting turn of events, the decentralized application (dApp) industry has reached a new peak, with daily active users...

Cryptocurrencies, dApps, Front page, News, Web3

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Mt. Gox Creditors Receive Bitcoin and Bitcoin Cash Repayments: Implications for Crypto Markets

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Mt. Gox, a defunct crypto exchange, has started repaying creditors in Bitcoin and Bitcoin Cash. The exchange holds 142,000 BTC, 143,000 BCH, and 69 billion yen, among other assets. The repayments are expected to have a significant impact on the crypto market. Creditors may have to wait up to 90 days to receive their payouts. Bitcoin and Bitcoin Cash prices have dropped sharply following the repayment news. On July...

Bitcoin, Bitcoin Cash, Cryptocurrencies, Front page, Mt. Gox, News

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