The co-founder of $4 billion OneCoin Ponzi scheme, Karl Sebastian Greenwood, learnt his fate recently when he was sentenced to a 20-year sentence for his role in one of crypto’s clearest-cut scams. Judge of the case accused the fraud coin of not having a blockchain, a real token or trading markets, going as far to call it a ‘classic scam’.
In other news, TON was pushed in the spotlight when global messaging service Telegram confirmed it as a supported Web3 server, dropping the token’s prices up by an eager 6%. Meanwhile, Coinbase announced it will begin adding features to boost both speed and lessen fees for Bitcoin transactions, stating that it was the most important asset by their CEO Brian Armstrong.
MetaMask, created by Consensys, released a new product upgrade; MetaMask Snaps for a variety of apps which can be used on their innovative wallet system. Further, offering a clearer glimpse into the currency’s performance were transparency reports from Paxos on the asset’s backing reserves totalling $43 million in Treasury Notes and $1.5 million held liquid.
Genesis, Bitcoin-trading firm was central to an uncomfortable affair that unfolded when FTX was declared bankrupt. As a result, it inventoried its digital assets for sale which stretched to $3.4 billion; comprising a large sum of Bitcoin, Solana and a selection of altcoins.
]What raised the most attention was a made-in-error transaction by Paxons which served as a fee of $500,000 to move $2k only. Fortunately though, Paxos logged a return of funds, with blockchain data affirming it was legit. Intregrapry and Innovation is alive and kicking.
