SEC Freezes $50 Million to Cryptocurrency Firm Digital Licensing

The SEC “emergency” halted the Digital Licensing pyramid scheme in Utah. They would have defrauded investors out of up to $50 million in Bitcoin and Ethereum. The fraudulent scheme was planned from March 2021 to sell unregistered securities under the title “node license”. The United States Securities and Exchange Commission (SEC) announced the “emergency” stop […]

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NFT Trading Cools Off, but Developers Keep Enthusiasm for Web3

NFT trading slows, but interest in Web3 and Bitcoin NFTs remains strong. NFTs took off in 2020 and have been gaining popularity ever since, especially in the digital art world. NFTs have generated great enthusiasm, but at the same time have been criticized for being volatile, highly speculative, and vulnerable to scams. The value of […]

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Developer Locks his ETH for 100 Years by Wanting to Create a Memecoin

This happened to a developer who wanted to create a cryptocurrency. A developer “accidentally” staked five ethers worth around $9,000 at the current ETH price, instead of his test cryptocurrency. The problem is that everything has been left blocked for 100 years. The developer got noticed on 4chan, a technology discussion forum. There he asked […]

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US SEC Action against Crypto Company for Alleged $50 Million Fraud, and other Crypto News

The US SEC takes action against Digital Licensing Inc. and DEBT Box, freezing assets and filing a restraining order. The United States Securities and Exchange Commission (SEC) has cracked down on Utah-based cryptocurrency company Digital Licensing Inc. The SEC has obtained a temporary freeze on the company’s assets and has issued a restraining order. The […]

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Elon Musk Blunt: X Will not Launch Its Own Crypto Token

Elon Musk confirms that X, formerly Twitter, will not launch its own crypto token. Elon Musk, owner of X (formerly known as Twitter), has categorically stated that his platform will never launch its own cryptocurrency token. This claim came in response to a user warning urging others not to fall for fake tokens or memecoins […]

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