Tag: crypto

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Judge Orders Stablecoin Issuer Tether to Produce Documents Showing Backing of USDT

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the staff of the Ridgewood blog

New York NY, a judge in New York has ordered Tether to produce financial records relating to the backing of USDT. Tether is required to produce general ledgers, balance sheets, income statements, cash-flow statements, profit and loss statements, and records of any trades or transfers of cryptocurrency. Tether has also been ordered to share details about the accounts it holds at various crypto exchanges. The company is being accused of using USDT to inflate the price of bitcoin.

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FDIC Issues Cease and Desist Letters to Five Companies For Making Crypto-Related False or Misleading Representations about Deposit Insurance

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the staff of the Ridgewood blog

Washington DC, the Federal Deposit Insurance Corporation (FDIC) today issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements.

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Why Australian Players Choose Bitcoin Casinos

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The 21st century has brought to mankind a realization of the idea of decentralized finances. It turned out that national currencies can have a worthy competitor in the form of crypto. Moreover, the number of cryptocurrencies is not limited by anything and is constantly growing. As DeFi has taken hold, online casinos in Australia and around the world have taken notice and seen significant benefits in using them. Today, almost all the best Aussie online casinos accept deposits in BTC and other popular cryptocurrencies.

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Tether’s Recovery of an $840mn loan Scrutinised in Celsius bankruptcy Raises Questions

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the staff of the Ridgewood blog

Ridgewood NJ, Stablecoin issuer Tether faces scrutiny over an $840mn loan it recovered from Celsius Network as the crypto lender’s bankruptcy tests how insolvency rules apply to digital assets.

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Crypto Exchange Coinbase facing an SEC investigation

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the staff of the Ridgewood blog

Ridgewood NJ, Coinbase is facing an investigation from the US SEC over whether it allowed users to trade unregistered securities. The SEC started taking a closer look at the exchange after it added over 100 additional tokens to its platform. Coinbase is confident that its diligence process keeps securities off its platform. The investigation is separate from the SEC’s case against Coinbase’s former product manager and two other people for insider trading.

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Hoboken Based Crypto Lender Celsius files for Bankruptcy Protection

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the staff of the Ridgewood blog

Hoboken NJ, Celsius has started the process of filing for Chapter 11 bankruptcy protection. The Hoboken, New Jersey-based company made headlines a month ago after freezing customer accounts, blaming “extreme market conditions.”

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Crypto Billionaire Warns : Some Crypto Exchanges Already “Secretly Insolvent”

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the staff of the Ridgewood blog

Ridgewood NJ, Sam Bankman-Fried (SBF), the billionaire founder of FTX, believes that many third-tier exchanges are already secretly insolvent. SBF has been issuing cash infusions to save crypto companies from collapsing. The lack of regulations around crypto exchanges has made many exchanges vulnerable to scammers and hacks. FTX remains profitable and has been so for the past 10 quarters. SBF is not worried about Tether, saying that there is no evidence to support the bearish views around the stablecoin.

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New Jerseyans losing interest in crypto following recent crash, finds survey

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  • New Jersey workers would have each lost $3,415.21 if they had opted for their salaries to be partly paid in crypto.
  • Employees in Montana would have made the biggest losses following the crash.
  • Infographic showing crypto salary losses across America.

 

the staff of the Ridgewood blog
Ridgewood NJ, a recent survey by CouponBirds conducted prior to the recent crash in crypto currencies revealed that the average New Jersey employee would have liked to have received 43% of their monthly salary in a virtual currency. However, since the recent crash in crypto currencies, which has seen the value of Bitcoin drop by 57.01% since January, it appears New Jersey workers’ enthusiasm for crypto currencies has cooled.

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Brave’s Search Engine lets You Customize Your Search Results

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the staff of the Ridgewood  blog

Ridgewood NJ, Brave Search has launched a new feature called Goggles that lets users create and apply custom filters that change how their results are ranked. The feature will allow developers to create filters with functions such as removing tech blogs, removing Pinterest, or filtering out posts from the 1,000 most-viewed sites on the web. Several demo Goggles are now available, but Brave will delete these once developers start creating their own. Brave Search is now out of beta.

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Over 46,000 people reporting losing more than a billion dollars in crypto to scams since the start of 2021

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the staff of the Ridgewood blog

Ridgewood NJ, if the cryptocurrency craze feels like a tempting way to make money, or you think you’re missing out, read on. Because, according to the FTC’s new data spotlight, scammers are banking on what you don’t know about cryptocurrency — or scammers’ tricks. And that could cost you serious money.

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6 Things You Didn’t Know About Crypto

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Cryptocurrency has revolutionized the way people transfer money around the world. Nevertheless, cryptocurrency is widely misunderstood. Most people think it’s Bitcoin or Ethereum, but there’s a lot more to learn about cryptocurrency. In fact, there are now thousands of cryptocurrencies out there. This post will help you understand what it is and why it is so widely used.

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American Oligarchs Behind Economic War on Russians

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By Charles Stampul

This is an attempt to make sense of the war that is now threatening Americans. Everything that follows is pure speculation for entertainment purposes only. Continue reading American Oligarchs Behind Economic War on Russians

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Market Freakishly Unalarmed by Weekend Developments

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By Charles Stampul
It’s not the actions on the ground and in the air, but the financial war measures enacted by the US and EU that should have market participants worried.  In response to Russia’s invasion of Ukraine, Western governments are going after Russia’s currency and banking system with seemingly no awareness of the risks of either retaliation by Russia or contagion.

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Peer-To-Peer Trading: A Complete Bitpapa Guide To P2P Trading

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What Is P2P Or Peer-To-Peer Trading?

The act of purchasing or selling cryptocurrencies directly between individuals, without the involvement of a third party or middleman, is known as peer-to-peer (P2P) trading. You don’t get to perform transactions with the adversary when you transact cryptocurrencies on a typical exchange. You use charts, graphs, or other indicators to decide the best time to buy, sell, or keep cryptocurrencies. The market price sets your ultimate price at the transaction time, and the exchange organises the purchase on your behalf.

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‘Crocodile of Wall Street’ and Her Husband Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

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Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange

the staff of the Ridgewood blog

New York NY, two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack.

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