Connect with us

Crypto

Lawsuit going ahead against FTX in Miami

Published

on

A class action lawsuit is forging ahead in Miami, against former FTX CEO Sam Bankman-Fried and several paid celebrity promoters of the now-defunct crypto exchange.

A class action lawsuit is forging ahead in Miami, against former FTX CEO Sam Bankman-Fried and several paid celebrity promoters of the now-defunct crypto exchange.

Three seperate lawsuits filed by plaintiffs have now been consolidated and be overseen by a U.S. District Court Judge in Florida.

The plaintiffs allege celebrities such as NFL quarterback Tom Brady, comedian Larry David and NBA star Stephen Curry lured in unsophisticated retail investors and promoted unregistered securities.

The Lead Attorney says: “We have no doubt that Sam [Bankman-Fried] committed one of the country’s largest financial scams and he had no intention of complying with any of these FTC and SEC celebrity endorsement regulations.”

He is confident that the FTX celebrity promoters will also have been found to have violated state and federal anti-touting laws.

Continue Reading

Crypto

Is the metaverse the future of social network?

Published

on

U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

 
#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

Continue Reading

Crypto

Who will win the global metaverse race?

Published

on

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech

Continue Reading

Crypto

North Korean hacker groups steal billions in crypto assets

Published

on

G7 finance ministers are supporting measures to counter growing threats in the crypto space

 
Hacker groups associated with North Korea have stolen over $700 million worth of crypto assets since 2017 from Japanese firms and businesses.

The amount equates to 30 per cent of the total of such losses globally.

This comes on the back of G7 finance ministers supporting measures to counter growing threats.

In total, hackers has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD