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The post Biopharma Executive Suggests Bitcoin as Lifeline for Industry During Biotech Downturn appeared first on Crypto Breaking News.
Harmony (ONE) is a decentralized, trustless bridge that uses a sharding protocol that aims to scale up Ethereum applications combined with the future of 5G and IoT technologies. Harmony utilizes new advanced technologies, such as Solidity and Ether.js, to create an extremely fast transaction processing platform capable of executing 10 million transactions... Read More
Fox has renewed the animated comedy series, Krapopolis, for a third season before its first season even airs. Produced by Fox Corp’s NFT firm Blockchain Creative Labs, the show features NFTs called “Krap Chickens” that depict cartoon chicken avatars in the same art style as the show, and holders are given exclusive access to experiences, content, rewards, and voting rights on certain aspects of the show. In other NFT-related news, Baobab Studios sold out its first collection of 8,888 NFTs just nine hours after launch, and Flare welcomed its first NFT platform after Sparkles went live. Additionally, Square Enix’s NFT-friendly CEO, Yosuke Matsuda, is stepping down after nearly 10 years at the helm. (Read More)
Square Enix’s NFT-friendly CEO is stepping down, but it may not impact the firm’s NFT plans, while Disney-backed Baobab Studios' first NFT drop sold out ahead of its upcoming RPG game.
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
The cryptocurrency market took a huge hacking hit in 2022, with investors losing millions of dollars and regulators calling for increased consumer protection. According to [...]
The hackers behind the Harmony Bridge exploit have attempted to move an additional $27M using similar tactics as last time.
The North Korean hackers responsible for the June thefts from the Harmony Bridge are still attempting to launder the stolen
More details about the transfer of funds following Harmony’s hack in June have been revealed.
Infamous Lazarus Group began moving funds from Harmony hack over the weekend. Binance managed to recover some of the loot.
The crypto market is volatile and sensitive. Even in the past several exchanges have fallen victim to such hacks. A very recent example includes the one by Lazarus Group which moved more than $60 Million ETH from Harmony Bridge. What is the Lazarus Group? The Lazarus Group is a hacking group attributed to several high-profile […]
This weekend, the Lazarus Group was busy redistributing the stolen funds from the Harmony Bridge breach. The cryptocurrency exchanges involving
The notorious North Korean hacker collective known as Lazarus has had a busy weekend moving millions of dollars in Ethereum.
One of the largest drugstore chains in Ukraine, ANC Pharmacy, has teamed up with Binance Ukraine to introduce cryptocurrency payments through the contactless cryptocurrency payment tool Binance Pay. The pharmacy chain formally stated on Tuesday that starting on January 3, ANC Pharmacy will allow consumers to proceed with quick payments when ordering pharmacy products online. […]
2022 marked the biggest year in hacks and exploits for the crypto industry, with over $3 billion stolen.
Continue reading More Than $3B in Crypto Was Stolen in Hacks This Year at DailyCoin.com.
Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends.
Bullish ONE price prediction is $0.02782 to $0.09307. The ONE price will also reach $0.5 soon. ONE bearish market price
The Harmony team said they listened to the community and made the appropriate changes.
The plan also called for a hard fork of the Harmony network. Harmony considered compensating the hack’s victims with the
Sparkster will pay more than $35 million into a fund set to benefit investors who bought the platform’s SPRK token during an initial coin offering the US Securities and Exchange Commission (SEC) has said was unregistered and whose promotion violated the securities laws.
Sparkster agrees $35 million settlement with SECA press release from the SEC on Monday stated that Sparkster and its CEO Sajjad Daya, had agreed to the penalty as settlement over charges of offering unregistered securities in a token sale between April and July 2018.
Notably, Sparkster raised $30 million in its ICO sale, with 4,000 investors from the US and abroad participating. The company ostensibly lured investors with promises of gains for SPRK tokens, which the SEC has deemed unregistered securities that did not qualify for registration exemption.
The settlement with SEC includes $30 million in disgorgement, and $4,624,754 in prejudgment interest. The agency also imposed a $500,000 and $250,000 civil penalty against Sparkster and Daya respectively.
Collectively, the more than $35 million will be distributed to “harmed investors”, the SEC said in the press release
Carolyn M. Welshhans, Associate Director of the SEC’s Division of Enforcement said in a statement:
“The resolution with Sparkster and Daya allows the SEC to return a significant amount of money to investors and requires additional measures to protect investors, including the disabling of tokens to prevent their future sale.”
As well as destroying the remaining SPRK tokens, Sparkster is expected to request crypto exchanges to delist them. Daya, who did not admit or deny the SEC’s charges, has agreed to keep off token offerings for five years.
Crypto influencer Ian Balina chargedAs Invezz reported yesterday, the US securities regulator has also sued crypto influencer Ian Balina in relation to the Sparkster ICO.
According to the SEC’s complaint, Balina promoted the SPRK token on YouTube and other social media platforms, as well as resold the tokens to about 50 people. In violation of the Securities Act, he neither registered the tokens nor disclosed an agreement to receive a 30% bonus on the $5 million SPRK purchase he made, the SEC noted.
“The SEC’s action against Balina further protects investors by seeking to hold accountable an alleged crypto asset promoter for failures to follow the federal securities laws.” – Welshhans said.
Balina has termed the charges by the SEC as “baseless” and one he’s ready to fight to the Supreme Court if possible. In any case, he said in a response to the SEC suit, that he is as much a victim of the Sparkster offering as any other investor.
16/ The SEC's demand for disgorgement of ill-gotten gains makes no sense because Mr. Balina had no gains at all. Further, at the time in question, May 2018, Mr. Balina had no reason to think the tokens in question were securities.
— Ian Balina (@DiaryofaMadeMan) September 19, 2022The post Sparkster to pay $35M to ‘harmed’ ICO investors after SEC charge appeared first on Invezz.
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