🦎🚀 Prison time 👮‍♀️

Tuesday, June 20, 2023

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"This is fine"

According to The Financial Times, Crypto.com, a Singapore-based cryptocurrency exchange, engages in proprietary trading and market making activities on its platform.

This revelation raises concerns about potential conflicts of interest, as the platform is primarily designed to facilitate cryptocurrency buying and selling for its customers.

In today's news, we have Do Kwon arrested, IMF introducing a new platform to streamline cross-border transactions, and FTX legal fees mounting.

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Is yield farming any different from staking? Watch this video as we explore these two popular methods of earning crypto, including their risks and rewards

Let's find out here!

Legal Fees Mounting

FTX, the defunct cryptocurrency exchange, reportedly paid over $120 million in advisor fees between February 1 and April 30.

As a result, some former clients have initiated an "Exchange Restart" movement, advocating for FTX to relaunch under new leadership to prioritize returning value to customers.

The Block

Short stint in jail

Do Kwon, the co-founder of Terra, has been sentenced to four months in jail after being found guilty in a Montenegro document forgery case.

This adds to his ongoing legal troubles, as both South Korean and United States authorities have sought his extradition to face criminal charges associated with the collapse of Terra, a multi-billion dollar crypto enterprise, in May 2022.

CoinDesk

The Future of Finance

The International Monetary Fund (IMF) is set to revolutionize cross-border transactions with its upcoming XC platform.

Utilizing the single ledger technology, the platform aims to streamline central bank digital currency (CBDC) transactions, eliminating the need for multiple intermediaries. This innovative approach promises reduced fees and faster transaction times, benefiting individuals and institutions seeking efficient and cost-effective cross-border transactions.

Cointelegraph

WB Network Mainnet is close!

WB Network is a blockchain powered by WhiteBIT, one of the biggest European crypto exchanges. It is currently undergoing a testnet stage. Earlier this month, WhiteBIT hinted that active testnet users will be rewarded in a retrodrop. With Mainnet just a couple of weeks away, you still have time to participate and get your retrodrop allocation.

Join WB Network Discord and be the first to learn about the exact conditions of the retrodrop!

Join Now!