The U.S. Securities and Exchange Commission (SEC) recently brought charges against two brothers, Jonathan Adam and Tanner Adam, for allegedly running a $60 million Ponzi scheme. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, accused the brothers of defrauding over 80 individuals. The scheme involved falsely
Crypto
The high degree of centralization in many major cryptocurrencies, such as Polygon (MATIC) and Shiba Inu (SHIB), poses a serious threat to market stability. With the top ten wallets controlling such a significant portion of the total market capitalization, there is a risk of price manipulation and increased volatility. These large holders have the power
Ethereum co-founder Vitalik Buterin has once again caused a stir in the crypto community by transferring a significant amount of ETH. According to a report from Lookonchain, Buterin moved 800 ETH, valued at $2.01 million, to a multisig wallet. Shortly after, 190 ETH from this wallet was exchanged for 477,000 USDC, a stablecoin pegged to
The past week has been a rollercoaster ride for Bitcoin and other altcoins in the cryptocurrency market. Bitcoin started the week on a high note, soaring past $65,000 on Monday morning. However, the euphoria was short-lived as the price took a sharp downturn, losing over seven thousand dollars by Wednesday afternoon. The bulls made an
Floki Inu (FLOKI) recently experienced a significant drop in price, leading to a loss of nearly 20% in value. This decline resulted in FLOKI losing its position among the top 5 meme coins, with its market capitalization falling to $1.23 billion. Surprisingly, Bonk Inu (BONK) managed to surpass Floki Inu, claiming the fifth spot with
Elon Musk, the CEO of Tesla Inc., recently faced a high-profile lawsuit with allegations of price manipulation involving Dogecoin (DOGE), a meme-based cryptocurrency. A group of Dogecoin holders filed the lawsuit in June 2022, accusing Musk and his company of using social media and public statements to inflate the token’s price artificially. The lawsuit claimed
The latest seven-day crypto chart highlighted a mixed bag of results, with most major coins experiencing a dip in value. However, amidst this downturn, one particular meme coin stood out – Popcat. While Dogecoin, Pepe, and Bonk recorded losses of 6%, 2%, and 2% respectively, Popcat defied the trend with an impressive 52% weekly gain
Binance, the world’s largest crypto exchange, recently announced the addition of new trading pairs and services to provide users with more options. However, this expansion comes with restrictions for residents of specific countries. Despite these updates, the market for cryptocurrencies has not seen significant price increases and remains in the red. Binance’s Trading Pair Expansion
The US Securities and Exchange Commission has recently set its sights on various cryptocurrency platforms, with its most recent target being the NFT platform OpenSea. OpenSea’s CEO, Devin Finzer, took to social media to express his disappointment in the SEC’s actions. Finzer revealed that OpenSea had received a Wells Notice from the SEC, signaling that
The Cardano network is on the verge of one of its most significant upgrades to date, with the Chang hard fork set to be deployed in the coming days. This update will bring new features and mark the blockchain’s transition into a community-run network. Originally scheduled for August 27th, the Chang hard fork launch was