Coinseed stops working, and the news about collaboration between Walmart and Litecoin turned out to be fake
Coinseed stops working
The New York Supreme Court ruled to terminate the Coinseed crypto service. Earlier, the relevant petition, aimed at protecting the interests of the platform’s investors, was filed by the state attorney general Letitia James.
“Contrary to court orders, this company continued to operate illegally and unethically, withholding investor funds and highlighting the dangers of investing in unregistered virtual currencies,” said James.
The court took control of the Coinseed website to prevent the threat of fraud. In addition, the crypto service was ordered to pay $3 million to victims of fraud and illegal transactions.
Coinseed executives were charged with fraud in February. According to local authorities, the company received $1 million from hidden fees for users of the application. The project was also accused of wasting clients’ money.
Charlie Lee spoke out about fake news about Walmart and Litecoin
Charlie Lee spoke about the news about Walmart’s cooperation with Litecoin, which turned out to be untrue. Previously, the relevant information appeared on the official Twitter page of the project. It was published by the Litecoin Foundation.
Litecoin creator Charlie Lee said the company “screwed up”. He pointed out that the project has nothing to do with the spread of fake and will take appropriate measures.
“This morning I woke up and found out that Walmart is accepting Litecoin, and I was like, ‘Wow that’s awesome,’ — and it turned out to be fake. We didn’t have a partnership,” Lee said.
TV host: I don’t want to get involved with cryptocurrencies
Shark Tank investor Kevin O’Leary believes that the US authorities should create a regulatory framework for the crypto market “as soon as possible”. He is confident that many financial companies are hesitant to become part of the digital asset industry due to lack of regulation. Under today’s conditions, they may be “out of the game” or attract unwanted attention from regulators.
“I don’t want to get involved in crypto if the regulator says it’s not ok,” O’Leary said.
In addition, he stated that with the approval of the ETF, investments in the main cryptocurrency will also grow. The TV presenter believes that this will happen “in the next couple of years.”
