Fraudulent Crypto Exchange Using Generative AI to Show Affiliation With Elon Musk Gets Shut Down in Hong Kong

Earlier today, the Hong Kong Securities and Futures Commission (SFC) took decisive action against Quantum AI, an unlicensed cryptocurrency exchange that falsely claimed affiliation with Tesla CEO and Dogecoin ($DOGE) advocate Elon Musk. The fraudulent entity, based in Hong Kong, purported to offer AI-powered crypto trading services developed by Musk himself. According to a report […]

FTX’s Remarkable Bankruptcy Recovery: Creditors Set to Receive Full Payouts and More

In a stunning turn of events, cryptocurrency exchange FTX, which collapsed in November 2022, has accumulated billions of dollars more than the amount needed to cover customer losses. This extraordinary development sets the stage for a rare outcome in U.S. bankruptcy proceedings, where creditors are poised to receive full recoveries plus interest. The FTX bankruptcy […]

Markets

Cardano Price Analysis

Cardano (ADA/USD) Price Analysis – 6 July 2023

Introduction This report provides a technical analysis of Cardano (ADA) for 6 July 2023. The analysis includes an overview of the price and volume and a detailed examination of the daily and monthly technical indicators and moving averages. This report aims to provide traders and investors with insights into ADA’s short-term and long-term market trends. […]

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cryptocurrency Exchanges

The Great Crypto Pullback: April Sees Total Spot Trading Volumes Fall 32.6%

CCData, authorized by the FCA as a benchmark administrator, stands as a global leader in digital asset data. It serves both institutional and retail investors by providing high-quality, real-time, and historical data. With a proven track record in data expertise, CCData offers thought-leadership reports and analytics that deliver objective insights into the digital asset industry. […]

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