[ad_1] The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in. Sui Foundation Denies Selling Locked Staking Rewards Pump and dump schemes have become very common in the crypto world. According to a report by Chainalysis, 24% of tokens launched in 2022 that were analyzed saw a price decline in the first week indicative of possible pump-and-dump activity. According to the…
Author: Scott Matherson
[ad_1] A throwback article just came back to haunt one of the crypto industry’s favorite crypto investigators. ZachXBT, a popular crypto on-chain sleuth recently got slapped with a defamatory lawsuit over an article he published last year. The Controversial Article That Started It All Around a year ago, ZachXBT published an article accusing Jeffrey Huang aka MachiBigBrother, of embezzling crypto assets using various methods ranging from failed pump and dump tokens to NFT projects. The article quickly gained widespread attention at the time, but it has been largely forgotten up until this point. Jeffrey Huang, known online as Machi Big…
[ad_1] Vitalik Buterin, co-founder of Ethereum, and Sandeep Nailwal, co-founder of Polygon, have pledged $100 million to help accelerate COVID-19 research and relief efforts in India. With COVID-19 variants continuing to emerge and spread, and with a very high number of people experiencing long-term symptoms speeding up, research efforts are critical. How The Donation Will Be Used To Support COVID-19 Research The donations from Buterin and Nailwal are some of the largest philanthropic contributions ever made in crypto. Buterin made the announcement in a Twitter thread and according to the thread, the fund will be donated to Crypto Relief, with…
[ad_1] Binance.US, in response to the aggressive tactics employed by the Securities and Exchange Commission (SEC) in its ideological campaign against the American digital asset industry, on its official Twitter handle has announced the suspension of USD deposits and impending fiat (USD) withdrawal pause. The exchange cites the need to protect its customers and platform amidst the challenges created by the SEC’s actions. While transitioning to a crypto-only exchange temporarily, Binance.US assures its customers of maintaining 1:1 reserves for all customer assets, with crypto-related services remaining fully operational. Binance Prioritizing Customer Protection And Defending the Digital Asset Industry Binance.US’s proactive…