The recent performance of Floki Inu (FLOKI) has been less than stellar, with a sharp decline of nearly 20% causing the coin to lose its coveted position among the top 5 meme coins. The current market capitalization of FLOKI sits at $1.23 billion, making it the sixth-largest meme coin on the market. This slip in
Crypto
Elon Musk, the CEO of Tesla Inc., recently had a high-profile $258 billion lawsuit against him and his company, Tesla, dismissed by U.S. District Judge Alvin Hellerstein. The lawsuit, filed by a group of Dogecoin holders in June 2022, accused Musk and Tesla of manipulating the price of Dogecoin through social media and public statements.
In the volatile world of cryptocurrency, Popcat stood out this week with its impressive 52% weekly gains, defying the downward trend experienced by other major meme coins. While blue-chip memes like Dogecoin, Pepe, and Bonk suffered losses, Popcat displayed exceptional strength and resilience. So, what factors contributed to Popcat’s sudden price surge? Binance’s Support One
In an effort to enhance user experience and adapt to evolving market trends, Binance, the world’s largest crypto exchange, has announced the addition of new trading pairs and services on its platform. These new trading pairs include DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, trading bot services will be offered for pairs such
The US Securities and Exchange Commission (SEC) has been actively pursuing various cryptocurrency platforms in an attempt to regulate the industry. However, its efforts have been met with skepticism and criticism from industry players. The latest target on the SEC’s radar is the popular NFT platform OpenSea. Devin Finzer, the chief executive officer of OpenSea,
Cardano, the third-generation blockchain platform, is gearing up for a major upgrade in the form of the Chang hard fork. This upgrade signifies a crucial milestone in the network’s transition from being founder-controlled to community-run. Scheduled initially for August 27, the launch has now been rescheduled to September 1, 2024, to allow crypto exchanges like
Maker, a prominent DeFi lending protocol on Ethereum, has recently undergone a significant rebranding, transitioning to a new identity as “Sky.” Along with this rebrand, the decentralized stablecoin DAI has been renamed to USDS, and the MKR governance token has been transformed into SKY. This strategic rebranding aims to mark a new era in decentralized
The former CEO of Heartland Tri-State Bank (HTSB), Shan Hanes, was recently sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers between May and July 2023, directing the bank’s funds to a cryptocurrency wallet in a scheme known as “pig butchering.” This
The recent arrest of Pavel Durov in France has garnered significant attention and support from various celebrities and public figures. Well-known names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all come forward to show their solidarity with Durov in the wake of his arrest. Following Durov’s arrest, the cryptocurrency
The US Securities and Exchange Commission has adamantly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. The SEC argued in a New York federal court filing that Heart’s attempt to dismiss the lawsuit does not adequately address the allegations outlined in the complaint
