Crypto Market Highlights August 12, 2022

Crypto Market Highlights News Of The Day

Mark Cuban Sued For Illegal Advertising For Voyager

Mark Cuban, billionaire entrepreneur and star of the American show Shark Tank, is facing a class-action lawsuit over what he promoted for Voyager Digital, the lending platform that filed for bankruptcy last month. For more specific information, you can read the article below:

Huobi Founder Is Selling Shares For $3 Billion

Huobi exchange founder Leon Li is in talks with a group of investors to sell most of his shares at a possible valuation of up to $3 billion. For more specific information, you can read the article below:

Shensei Bank Launches XRP Rewards For Customers

Shensei Bank, a Japanese bank, is now offering Ripple (XRP) to new and existing clients that use their services. The bank launched the campaign on August 10 and will continue through October 31. For more specific information, you can read the article below:

Binance Has Recovered 83% Of Curve Finance Hacked Funds

Binance CEO CZ has confirmed to have frozen and recovered $450000, equivalent to more than 83% of the total hacked funds from the Curve Finance platform, after hackers used various ways to transfer funds to this exchange. For more specific information, you can read the article below:

Oasis.app Bans High-Risk Flagged Wallet Addresses

DeFi Oasis.app is reported by users that their wallet address has been disconnected, and they cannot access the platform after updating the terms of service because it is believed to be a high-risk wallet address. However, it is not clear what tools this Defi platform uses to assess the risk of wallet addresses. For more specific information, you can read the article below:

SEC, CFTC Want Private Funds To Report Crypto Holdings

The US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) are looking to add new levels of disclosure applicable to large hedge funds and private property management companies. In it, they require such companies to report their cryptocurrency exposure. For more specific information, you can read the article below:

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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