Recently, the U.S. Securities and Exchange Commission (SEC) filed a complaint against brothers Jonathan Adam and Tanner Adam for allegedly running a $60 million Ponzi scheme. The complaint was lodged in the United States District Court for the Northern District of Georgia, Atlanta, accusing the siblings of defrauding over 80 individuals. The brothers purportedly claimed
Crypto
Centralization in the cryptocurrency space has become a point of contention, with some of the most popular project tokens displaying a high concentration of holdings among a few top wallets. For example, Polygon (MATIC) and Shiba Inu (SHIB) have emerged as leading examples, with Polygon’s top ten wallets controlling 69.4% of its total market capitalization
Vitalik Buterin, the co-founder of Ethereum, has recently made some significant transfers of ETH, raising questions and discussions within the cryptocurrency community. According to reports, Buterin moved 800 ETH, valued at $2.01 million, to a multisig wallet. Subsequently, 190 ETH from this wallet was exchanged for 477,000 USDC, a stablecoin pegged to the U.S. dollar.
The past week has been a rollercoaster ride for Bitcoin and most altcoins. Bitcoin started strong, soaring from around $60,000 to over $64,000 on Saturday after bullish developments in the US. However, the weekend brought turbulence elsewhere in the crypto market following the arrest of Pavel Durov, the founder and CEO of Telegram, which led
Recently, Floki Inu (FLOKI) experienced a significant drop of nearly 20%, causing it to lose its place among the top 5 meme coins. This decline resulted in its market capitalization falling to $1.23 billion, dropping it to the sixth position. The price of FLOKI is currently trading at around $0.0001272. Bonk Inu (BONK) managed to
Elon Musk, the renowned CEO of Tesla Inc., recently faced a high-profile $258 billion 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 Dogecoin holders in June 2022, claimed that Musk and Tesla used social media and public statements
The cryptocurrency market was met with turbulence as most major coins experienced a slight dip in prices, with Bitcoin falling by 3% following a decrease in open interest for BTC futures among institutional investors. However, amidst the sea of red, Popcat, a meme coin, stood out with an impressive 52% weekly gain by midweek. This
The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sparked controversy once again. OpenSea, a popular NFT platform, is the latest to receive a Wells Notice from the SEC, indicating that the non-fungible tokens available on the platform could be considered unregistered securities. CEO Devin Finzer took to
Binance, the world’s largest crypto exchange, has recently announced the addition of new trading pairs and services to its platform. This move aims to enhance users’ experience and respond to ongoing market trends. The new trading pairs such as DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC are set to be added to Binance Spot, along with the
The Cardano network is on the brink of one of its most significant upgrades to date, poised to introduce new features and usher in a new era of community-driven governance. Originally scheduled for deployment on August 27, the Chang hard fork has been delayed until September 1, 2024, to allow crypto exchanges like Binance to