Crypto

Shaquille O’Neal, a well-known basketball player in America, is currently facing a class-action lawsuit for promoting the Solana-based crypto project, Astrals. The lawsuit was filed by Daniel Harper in a Floridan court, claiming that Shaquille promoted the Astrals token through posts and videos on his social media handles. About Astrals Astrals is a 3D-modeled NFT

Multichain users have reportedly been experiencing delays in receiving their funds following a recent upgrade of the cross-chain router protocol. There have also been rumors circulating about the arrest of the Multichain team, although these have not been confirmed. According to complaints from several Multichain users, their funds have been stuck in the protocol for

CEDEN Network Ltd, a Network-as-a-Service (NaaS) open-source infrastructure company, has acquired Galaxy Rendered Limited, a Web3 gaming innovator, for an undisclosed sum. The acquisition strengthens the foundation of the EDEN Content Creation Ecosystem with a wholly-owned subsidiary Web3 development studio and its debut metaverse game title, Rocket Monsters. The Acquisition The acquisition of Galaxy Rendered

Bitcoin, the primary cryptocurrency, saw a reversal of its trajectory after slipping to $26,600 on Bitcoin pizza day, rising by almost $1000. Other altcoins like Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Tron (TRX), and Avalanche (AVAX) also saw a slight increase, jumping by around 3% daily. Glassnode, an analytics resource, acknowledged that BTC had

ConsenSys, the blockchain firm behind MetaMask, recently issued a clarification that its self-custodial wallet does not collect taxes on crypto transactions. The company addressed rumors that had been circulating on social media, stating that the rumors were based on inaccurate information. The clarification comes after several users raised concerns over MetaMask withholding customers’ crypto assets

Hotbit, a cryptocurrency exchange based in Shanghai, has announced that it will cease all operations on May 22nd, citing the increasing complexity and regulation of centralized exchanges. The platform has urged its users to withdraw their remaining assets before June 21st. Reasons for Closure The team behind Hotbit believes that centralized exchanges are becoming increasingly

Bitcoin has experienced losses recently after failing to overcome the $27,000 mark over the weekend. The asset slipped by almost $500 earlier today, charting a new multi-day low. This lack of substantial volatility has seen its market capitalization decline to $520 billion once again. Bitcoin tried twice last week to take down $27,500, but ultimately

The US Department of Justice (DOJ) has charged Bryan Lee, a Las Vegas resident, with conspiring to defraud investors in a $45 million cryptocurrency scam. Lee is accused of working with Neil Chandran and other parties to defraud over 10,000 investors through one of the companies controlled by Chandran. The DOJ alleges that Lee was

A Russian man named Mikhail Pavlovich Matveev has been charged by US authorities for his alleged involvement in multiple ransomware schemes that earned him and other attackers nearly $200 million, much of which came through cryptocurrencies. These ransomware attacks targeted hospitals, schools, and police departments, among others. Matveev was reportedly part of three different ransomware

Bankrupt cryptocurrency firms FTX, FTX.US, and Alameda Research have filed a lawsuit against their former executives, Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang. The lawsuit, filed in the United States Bankruptcy Court for the District of Delaware, seeks to recover the funds spent on the acquisition of stock clearing firm Embed Financial Technologies. The

Coinbase, a cryptocurrency exchange platform, has announced upgrades to its membership account, Coinbase One. The new membership offers zero trading fees, increased staking rewards, and priority support. However, users will have to pay $30 a month for the new service, which has raised concerns. Coinbase has been criticized for having some of the highest trading

OpenAI, an American artificial intelligence research laboratory, has launched an iOS app for its popular ChatGPT chatbot. The free-to-use app is built on GPT-3.5 and features voice input and synchronization of user history across devices. The existing subscribers of ChatGPT Plus will have exclusive access to GPT-4’s capabilities and faster response times on iOS. While

Bitcoin has experienced little movement in the past few days, with the exception of a brief pump and dump that added around $500 to its value. Similarly, most altcoins have also remained stagnant. However, there are some exceptions, such as Injective, which has experienced enhanced volatility. Last week, Bitcoin’s value dropped to a two-month low

Strike, a Bitcoin payments company and remittance app, has announced that it is now available for download in over 47 countries worldwide. This international expansion will allow wallet users in several countries, including India, South Korea, and Sri Lanka, to remit payments to one another in both USD and BTC. The company leverages the Bitcoin

Ledger’s new firmware update for its crypto hardware wallet has come under scrutiny for potentially putting users’ private keys at risk. This has led to a lot of discussion online amongst experts and users alike. The company tried to alleviate concerns on Wednesday with a Twitter thread, but a tweet that was later deleted only

San Francisco-based blockchain company Ripple has unveiled a new platform for central banks, governments, and financial institutions to issue their own central bank digital currency (CBDC), called the Ripple CBDC Platform. The platform will use the same blockchain technology as the XRP Ledger (XRPL) and will offer solutions for wholesale and retail CBDCs on a

HashKey Group, a Hong Kong-based cryptocurrency financial service provider, is looking to raise up to $200 million in funding to expand its operations and tap new opportunities in the Asian cryptocurrency market. The company is currently in early-stage talks with venture capitalists to raise the funds at over $1 billion valuation. The details of the

In a recent interview, Canadian psychologist and political commentator Jordan Peterson spoke with tech expert and entrepreneur Brian Roemmele about artificial intelligence and emerging technologies. During the conversation, Roemmele discussed how blockchain technology, specifically Bitcoin, could be integrated into a popular payment system due to its decentralized nature. Peterson agreed, stating that Bitcoin is the

The U.S. Securities and Exchange Commission (SEC) has issued a warning to Grayscale, stating that Filecoin (FIL) tokens qualify as securities. Grayscale, a crypto manager that is part of the Digital Currency Group, was asked to retract the Form 10 request submitted for the Filecoin Trust. This request would have made it an entity reporting

Celsius, a crypto lender undergoing bankruptcy and restructuring processes, has seen substantial activity in its wallets. Despite its ongoing situation, it has transferred nearly $900 million worth of ETH in the past week. Celsius is one of the largest firms with a staked ETH portfolio. Transfer of ETH to smart contract According to data from

Voyager Digital, a crypto lending platform that filed for bankruptcy in July 2022, has received court approval to begin repaying its customers’ trapped funds. However, the repayments will only cover 36% of what customers are owed. The liquidation procedures come after over 10 months of freezing customer withdrawals, which was caused by the bankruptcy of

In recent weeks, Coinbase has been requesting clear regulatory guidelines from the SEC to maintain compliance. In response, the SEC has remained silent, leading Coinbase to take legal action. The CEO of Coinbase, Brian Armstrong, has stated that his company is keen to avoid regulatory enforcement and instead, promote cooperation and amicable discussions with regulators.

Bitcoin’s recent volatility continued as it failed to break above $27,500 and subsequently retraced to fall below $27,000 once again. Altcoins also experienced minor declines, with Ethereum (ETH) nearing a break below $1,800 and Binance Coin (BNB) falling to $310. However, XRP was an exception with a notable price surge. Last week saw Bitcoin’s price

Ledger, a popular provider of crypto hardware wallets, has received criticism from its users after releasing an update that has raised security concerns. While the company has defended the update, experts and crypto holders are distancing themselves from the provider. The Issue The controversy began after a Reddit user raised questions about whether Ledger has

The European Union’s Economic and Financial Affairs Council has given unanimous approval to the Markets in Crypto-Assets (MiCA) regulation. The MiCA bill was also passed by the EU Parliament last month. The legislation sets out a comprehensive framework for regulating the crypto industry in the EU, including rules for utility tokens and stablecoins. The bill

Worldcoin, the blockchain biometrics project co-founded by OpenAI CEO, Sam Altman, announced a $100 million funding deal this week. The latest round of investors includes both new backers and previous seed round investors such as a16z, Coinbase’s venture capital division, Khosla Ventures, and Sam Bankman-Fried. Despite the significant drop in venture funding for Web3 startups

The PEPE memecoin has become the latest sensation in the cryptocurrency world, with its frog-themed coin making many people millionaires overnight. However, the frenzy surrounding the coin has also led to the creation of numerous scam tokens. Scams and Frauds Blockchain security firm PeckShield has identified at least 10 memecoin scams, including PEPEDOGE, PEPEC, WOW,