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Elon Musk, the head of Tesla, won a lawsuit where he was accused of unfairly changing the price of Dogecoin (DOGE). The case, which sought $258 billion in damages, was dismissed on August 29 by U.S. District Judge Alvin Hellerstein in New York. The lawsuit, filed in June 2022, was brought forward by a group of…
After going to court, he was placed under judicial supervision, which has drawn a lot of attention. French prosecutors charged Pavel Durov because of his role as Telegram CEO. See Also: Arrest of Telegram CEO Wasn’t Political Says President Macron Release Conditions For Pavel Durov To be released, Pavel Durov had to pay 5 million…
The TON blockchain, backed by Telegram, had a big problem on August 28th when it stopped making new blocks for nearly seven hours. This happened because there was too much activity on the network due to the launch of a new memecoin called DOGS. The last block created before the stop was number 39987437, but…
French President Emmanuel Macron clarified that the arrest of Telegram CEO Pavel Durov was not a political decision but part of a legal investigation. Macron posted online, saying that France values freedom of speech, communication, and business. He stressed that in a country where laws are respected, freedoms are protected to ensure the safety of…
The Shiba Inu team, responsible for the 13th largest cryptocurrency, is getting ready to launch a decentralized group known as a DAO. On August 25, Lucie, who handles marketing for the Shiba Inu team, shared on social media that this new DAO will let people who own the coin vote on new ideas and decisions about…
Bitcoin’s price went up to over $62,000, and Ethereum reached $2,700 after Jerome Powell, the Chair of the US Federal Reserve, mentioned that Fed rate cuts are likely coming soon, possibly in September. Powell’s comments during his speech at the Jackson Hole event on Friday hinted that the Fed is planning Fed rate cuts, which…
A crypto trader who once made $25 million from Shiba Inu is now putting money into a new AI-driven cryptocurrency, CYBRO TOKEN, hoping for a 7000% return. This choice might mean for bullish for CYBRO token, showing that this new coin could grow a lot. Don’t forget to do your own research as this is…
Kamala Harris recently spoke in support of cryptocurrencies, but her comments have raised concerns because they don’t match the overall stance of the current government. Nate Geraci, President of ETF Store, pointed out that Harris’s words aren’t consistent with the government’s actions. While Harris seems to cryptocurrencies, the government’s main focus has been on stricter…
On August 21, the bankrupt Mt. Gox Exchange sent out 13,265 BTC, worth about $784 million, according to Arkham Intelligence. Out of this amount, 12,000 BTC were sent to a new address, and 1,265 BTC went into a cold wallet linked to Mt. Gox Exchange. This was the first large transfer of Bitcoin from the…
Bitcoin (BTC) reached $61,000 on Tuesday morning after spending the past week fluctuating between $56,000 and $58,000 this was due to massive Bitcoin ETF inflows. This upward push from $58,000 marked a strong recovery for Bitcoin, which had been under heavy selling pressure recently. The market cap of cryptocurrencies grew more than 3% in the past…
Nigeria’s Securities and Exchange Commission (SEC) has made a key decision in the country’s cryptocurrency sector. For the first time, the SEC has issued a provisional license to Quidax, an African-founded cryptocurrency exchange. This license officially recognizes Quidax as a registered crypto exchange in Nigeria. This development is an important step for Nigeria’s cryptocurrency industry, which…
MicroStrategy’s new exchange-traded fund (ETF), MSTX, has been given the go-ahead from the U.S. Securities and Exchange Commission (SEC). This ETF, managed by Defiance ETFs, aims to deliver 175% of MicroStrategy’s daily stock return. It is the first of its kind to focus on just one stock, specifically MicroStrategy, which is known for holding a…
MetaMask has launched a new crypto debit card (the MetaMask Card), in partnership with Mastercard, now available to people in the European Union and the United Kingdom. This card allows users to turn their cryptocurrency into fiat directly from their MetaMask wallets, similar to how a regular debit card works. However, users keep control of their…
On August 13, a crypto wallet that recently received $2 billion worth of Bitcoin (BTC) from the Mt Gox exchange’s trustee performed test transactions. This indicates they might be preparing to pay creditors. Analysts think the wallet is probably linked to BitGo, a major crypto custody service. BitGo is one of five companies tasked with…
