The euphoria around the @dogecoin quickly subsided. Some investors lost money because of it.
One of these investors, named Keith Johnson, decided to challenge the Dogefather. In a large $258 billion lawsuit, Keith Johnson accused @elonmusk of sponsoring a pyramid scheme.
Research shows that the vast majority of individuals who try to wash trade NFTs lose money. However, it doesn't stop them from attempting it. A technique known as wash trading is used by manipulators to inflate the price of an item by artificially increasing its perceived demand
Access to the accounts has been restored.
Twitter temporarily blocked nine accounts promoting Solana NFTs. This change is being made in preparation for this Friday's release of the y00ts NFT collection. The widely anticipated follow-up to Solana's most successful NFT, DeGods.
In the United States, the FBI is warning cryptocurrency owners that hackers are increasingly going after DeFi networks to steal digital money.
Cybercriminals have been stealing crypto from investors by taking advantage of flaws in the smart contracts that govern DeFi systems.
BitPrime, an online exchange for cryptocurrencies, is for sale after the company was unable to get more funding. It had to stop trading on its platform in May because of liquidity problems caused by a "perfect storm" of falling trading volume, rising costs, & a volatile market.
By Oct. 2022, the SEC will have put in place strict rules about how crypto companies in Thailand can advertise.
On Sept. 1st, the Thai SEC emailed local #BTC firms to remind them that any crypto-related advertising must include prominent "clear investment cautions to consumers."
There are thousands of crypto ATMs in Los Angeles. At a fee of around 15%, they arrange the exchange of fiat money for virtual currency.
ATMs are being put in places where they are most likely to be found by people who are interested in cryptocurrencies and want to take part.
LG, is hard at work on a cryptocurrency wallet app, which will be released later this year. The firm is entering a new era in which it will focus on software solutions rather than mobile hardware. At its debut, Wallypto will only be compatible with Hedera Hashgraph assets.
Stacked, a Web3 platform for live streaming video, received $13 million in a Series A fundraising round. They may increase its presence in Southeast Asia, India and Latin America.
The company is working on a Web3 version of the video streaming network Twitch for gaming content.
In a letter from late 2020 that Reuters saw, U.S. federal prosecutors asked Binance, to hand over a large number of internal records related to its anti-money laundering checks as well as communications involving Changpeng Zhao, the company's CEO, and founder.
Binance may dominate the industry of cryptocurrency exchanges, but it is not without its critics. Money laundering from the United States to Japan is a concern concerning the trade.
Zhao recently gave a strong response to claims that the company is run by the Chinese government.
Alireza Peymanpak, Vice Minister, tweeted on August 9 that Iran had made its first official bitcoin import order for $10 million. The move could help the Islamic Republic get out from under the crippling economic sanctions put in place by the US.
Buterin, the co-founder of Ethereum, thinks that the volatility of the cryptocurrency market might eventually approach that of gold and equities. However, he has not established a definitive stabilization price for cryptocurrencies.
Reports say that the Brazilian SEC is thinking about making changes to the way cryptocurrencies are regulated in the country.
The SEC has changed its stance because it has a new board and because the crypto sector is becoming more important to the nation's financial services.
Kyber, a blockchain-based liquidity hub, uncovered a weakness in its website code that allows hackers to steal away roughly $265,000K.
Acc. to Kyber's announcement, two "whale" addresses seemed to be affected by the assault, and procedures are in place to pay for the losses.
The top digital currency fell from the $20,000 level it had maintained for some time and reached the $19,800 region.
Before that, the normal jobs report, including US unemployment figures had impacted the stock market and cryptocurrency industry.