founder – Cryptocurrency Market Price

BitConnect founder indicted for alleged $2.4 billion Ponzi scheme

advertisement A federal grand jury has indicted BitConnect founder Satish Kumbhani with allegedly defrauding $2.4 billion through the crypto Ponzi scheme. The US Department of Justice announced on Friday that a San Diego federal grand jury had charged Kumbhani with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodity price manipulation, operation of …

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Uniswap fork SushiSwap has crossed $700 million in total value locked within three days of the project announcement

SushiSwap founder transfers the project control to FTX CEO

News / By Cryptocurrency Market

Chef Nomi, the anonymous founder behind the viral decentralized finance (DeFi) project SushiSwap, has transferred the project control to FTX CEO Sam Bankman-Fried. The decision comes soon after Nomi faced intense criticism from the DeFi community for converting a portion of SUSHI tokens, meant for the development of the SushiSwap ecosystem, to ether (ETH) yesterday. …

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Third Centra Tech Founder Pleads Guilty to ICO Fraud

News / By Cryptocurrency Market

U.S. prosecutors have secured a guilty plea from Sohrab Sharma, a co-founder of the Centra Tech initial coin offering (ICO) fraud. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of …

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Bitcoin is experiencing ‘Goldilocks’ volatility, says B2C2 founder

News / By Cryptocurrency Market

Bitcoin’s price may not be as high as some investors would wish – but the digital asset’s volatility is perfect for high-speed traders, according to an executive at one UK-based trading firm. In an interview with The Block on Monday, B2C2 founder Max Boonen said bitcoin’s volatility has hit a sweet spot for market-making firms. …

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