Elon Musk, the CEO of Tesla Inc., recently emerged victorious in a high-profile lawsuit that accused him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit, filed by a group of disgruntled Dogecoin holders in June 2022, alleged that Musk and Tesla used social media and public statements
Crypto
In a market where most major cryptocurrencies experienced a slight downturn, Popcat stood out with a remarkable 52% increase in its price within a week. While other meme coins like Dogecoin, Pepe, and Bonk saw declines ranging from 2% to 6%, Popcat managed to break through and make significant gains. Several factors played a role
The recent actions taken by the US Securities and Exchange Commission have sent shockwaves through the cryptocurrency world, with NFT platform OpenSea becoming the latest target. CEO Devin Finzer took to social media to express his dismay at receiving a Wells Notice from the SEC, signaling that the non-fungible tokens traded on the platform could
In the world of blockchain technology, upgrades and transitions are crucial to staying relevant and competitive. The Cardano network is no exception, with a significant upgrade known as the Chang hard fork set to be deployed in the next three days, bringing new features and finalizing the blockchain’s transition into a community-run network. The Chang
Binance, the largest crypto exchange in the world, has recently announced the addition of new trading pairs and services to its platform. This move is aimed at expanding user options and enhancing their overall trading experience. The new trading pairs include DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC. Additionally, Binance will allow trading bot services for pairs
One of the pioneering decentralized finance (DeFi) lending platforms on the Ethereum network, Maker, recently underwent a rebranding to “Sky.” This rebranding came alongside significant upgrades to its decentralized stablecoin system. The once-famous DAI stablecoin is now known as USDS, and the MKR governance token has been transformed into SKY. This rebranding signifies a new
The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. Despite Heart’s argument that he resided abroad and had no presence in the US during the relevant period, the SEC maintains that its allegations are well-supported and
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was recently sentenced to 293 months in federal prison for embezzling a whopping $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved Hanes executing 11 unauthorized wire transfers between May and July 2023, directing the bank’s funds to a cryptocurrency
The recent arrest of Pavel Durov in France has sparked an incredible wave of support from celebrities and well-known public figures. Notable names such as Elon Musk, Robert F. Kennedy, Tucker Carlson, and Vitalik Buterin have all publicly voiced their support for Durov in the wake of his arrest. Durov’s arrest in France stemmed from
In the world of cryptocurrency exchange-traded funds (ETFs), Bitcoin has been dominating the scene with impressive inflows and recovering prices. The past week alone saw more than $500 million allocated to the largest US-based Bitcoin ETFs. Despite a rough start of the month that saw a loss of over $550 million in just three days,
