Do Kwon Arrested: US SEC Accused Terraform Labs CEO of $40B Scam

• Do Kwon, CEO of Terraform Labs, was arrested in Montenegro • U.S. Securities and Exchange Commission had filed a lawsuit against Terra LUNA for engineering a $40 billion securities scam using LUNA and Terra’s algorithmic stablecoin TerraUSD (UST) • Gary Gensler, the head of the SEC, said that Kwon did not provide investors with […]

Quant Price Predicted to Hit $250 in 2023 — Will It?

• Quant (QNT) is the native crypto token of the Quant Network, launched as an ERC-20 token in 2018. • Quant Network is a distributed ledger technology (DLT) operating system that connects different private blockchains to public blockchains such as Ethereum, Polkadot and Polygon. • According to our analysis, the Quant price prediction for 2023 […]

Ault Alliance & Ecoark Sign $100 Million Deal to Launch Metaverse Super-App

• Ault Alliance and Ecoark Holdings have signed a share exchange agreement for the acquisition of BitNile.com, Inc. by Ecoark for $100 Million in Preferred Stock. • BitNile.com is launching the first metaverse super-app that runs entirely in the web browser with no pixel streaming. • The Platform’s technology is powered by proprietary software from […]

Bank of America’s Q4 Earnings Benefit from Fed Rate Hikes

• Bank of America released its Q4 earnings report with figures showing the company benefited from the Federal Reserve’s interest rate hikes. • The company reported a net income of $3.6 billion for the fourth quarter while client balances stayed flat at $1.6 trillion. • Revenue came in at $24.66 billion, with earnings of 85 […]

FTX Exchange Cleared to Sell Key Units, 117 Buyers Show Interest

-FTX has been cleared by bankruptcy judge John Dorsey to sell four of its key units in order to raise funds to repay creditors. -Interested buyers may officially begin to indicate their interests between January 18 and February 1. -Court documents show more than 117 buyers already have an interest in the sell-offs. On Thursday, […]