Author: James Wilson

Burwick Law has filed a class action lawsuit in New York against Kelsier Ventures, KIP Protocol, and Meteora, accusing them of running a deceptive launch in the LIBRA token scandal.   According to the lawsuit filed on Mar. 18, the token’s developers secretly manipulated liquidity to defraud retail traders of millions of dollars while misleading investors with false promises. LIBRA was marketed as an initiative to boost Argentina’s economy, even getting President Javier Milei’s support. However, the token’s developers allegedly inflated prices using a one-sided liquidity pool rather than a fair launch. Tonight, our firm filed a class action complaint in…

Japanese investment firm Metaplanet has issued another set of 0% ordinary bonds to EVO FUND, worth $13.35 million, with the aim of buying more Bitcoin. According to a recent notice, the Tokyo-based investment firm is issuing ¥2 billion to EVO FUND, based on a decision made at the company’s board of directors meeting. This marks the ninth issuance of ordinary bonds by the Japanese firm overall. In a Mar. 18 regulatory filing, it is stated that the funds gained from the ordinary bonds issuance will be used to purchase more Bitcoin (BTC). This decision is in line with the firm’s…

Crypto exchange Crypto.com has come under fire after a last-minute voting surge secured approval for its controversial proposal to mint 70 billion CRO tokens. According to a report from Unchained, the proposal had struggled to reach the required 33.4% quorum for most of the voting period. However, in the final hours, a sudden influx of 3.35 billion Cronos (CRO) votes pushed it past the threshold, securing a 61.18% approval. The proposal in question was aimed at creating a Cronos Strategic Reserve by effectively reversing a 2021 token burn that was meant to remove the same number of tokens from circulation…

The Monetary Authority of Singapore has granted Cumberland SG, the Asia division of the U.S.-based crypto trading firm Cumberland, in-principle approval for a Major Payment Institution license. The approval, which was announced on Mar. 18, brings the company one step closer to providing regulated digital payment token services in Singapore. An in-principle approval indicates that Cumberland has met the first set of regulatory requirements for a payment services license. However, it still needs to meet several other conditions to obtain a full license. MAS retains the right to revoke approval if necessary. We are pleased to announce that Cumberland SG…

Analysts speculate that a whale may have set up a $520 million Bitcoin short 40x leverage position on Hyperliquid as a trap to trigger a massive long. On Mar. 16, a Bitcoin (BTC) whale placed a massive $520 million short position on Hyperliquid (HYPE) using 40x leverage, making it one of the largest known trades on the decentralized exchange. With a liquidation price of $85,561, the trade would be wiped out if Bitcoin rose just 1.75% from his entry at $83,898. This immediately drew the attention of traders who saw an opportunity to force a liquidation. Pseudonymous trader Cbb0fe took…

Bitcoin price has been stuck in a tight range but historical trends and on-chain data suggest a breakout could be coming soon. Bitcoin (BTC) has been trapped between highs of $84,000 and $82,000 with buyers finding it difficult to push higher. Although the market is still cautious, historical patterns and data point to the possibility of a breakout. According to analyst Rekt Capital’s Mar. 18 post on X, Bitcoin’s current price action and its movement in June 2021 are similar. Following a steep decline, Bitcoin was trapped between the 21-week and 50-week EMAs. It eventually broke out in late July…

This article will compare three of the most famous crypto trading bots providers, Zignaly vs Margin.de vs Trality. Summary Crypto trading bots provide you an opportunity to automate your trading strategy. Zignaly, Margin.de, and Trality are three of the best crypto trading bot providers. Trality is a platform that allows users to create and automate trading strategies for cryptocurrencies. Margin.de is a crypto bot that supports more than 17 cryptocurrency trading platforms. Zignaly offers free crypto trading bots to its users. Crypto Trading Bots In current history, the crypto sector has grown, and 2020 seemed to be the best year yet…

CakeDeFi is gaining popularity in the cryptocurrency space. It enables anybody to stake their cryptocurrency and begin generating passive income quickly. Today, the platform is most recognized for its easy-to-use design and transparency. Furthermore, CakeDeFi is an innovative concept for introducing cash flow to crypto assets. It aspires to be the portal through which millions of people may quickly and safely obtain a significant income on their investments. In this CakeDeFi review, we will learn everything about the platform and by the end of it would have a complete understanding of how to use CakeDeFi? Summary CakeDeFi is a platform…

Crypto exchanges are the gateways for traders and investors to enter the crypto world. BigONE is a crypto-to-crypto exchange platform launched in 2017. Today, we will review BigONE exchange and its pros, cons, and other features. Summary (TL; DR) BigONE is a crypto-to-crypto exchange platform launched in 2017. However, its exact origin is unknown.The platform’s website has a user-friendly trading interface that makes you easily navigate through the website.A blockchain investment firm called IN Blockchain supports BigONE.This exchange platform offers multiple crypto-assets and numerous trading pairs with cryptocurrencies like BTC, ETH, EOS, and QRU.BigONE supports margin trading and Perpetual Futures.The platform…

Bitbns is an Indian crypto exchange launched on December 14, 2017, by Buyhatke Internet Pvt. Ltd. Moreover, Bitbns Fixed Income Plan guarantees assured returns on investments made in this plan. Furthermore, Bitbns FIP allows you to earn a passive income just like any crypto savings account on steroids. Summary (TL;DR) Bitbns is a crypto trading platform launched in December 2017.Its Fixed Income Plan (FIP) feature allows its users to gain interest on their BTC or USDT deposit for a fixed maturity period.24 hours is the minimum maturity period for a FIP investment. The maturity period begins when the user has fulfilled…