Advertisements A group of investors in 2022 alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts. A Manhattan judge permanently dismissed a lawsuit alleging Elon Musk and his electric-car company, Tesla, manipulated the price of dog-themed token dogecoin (DOGE) using postings on X (then Twitter)Continue reading “Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation”
Category Archives: Finance
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
Advertisements U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market. Continual profit-taking after last week’s rally saw bitcoin (BTC) continue a week-long slide to under $59,000 early Friday, with major exchange-traded funds (ETFs) recording net outflowsContinue reading “Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time”
Crypto Market Has Evolved in the Past Year, Canaccord Says
Advertisements The digital assets industry has bounced back from the collapse of crypto exchange FTX and returned to growth in the past 12 months, the report said. The digital assets industry has bounced back from the collapse of crypto exchange FTX in November 2022 and has returned to growth in the past year, broker CanaccordContinue reading “Crypto Market Has Evolved in the Past Year, Canaccord Says”
Indian Court Orders Scam Websites Using Crypto Exchange Mudrex’s Name to Be Taken Down
Advertisements The court ordered India’s Ministry of Communication to move against as many as 38 websites. Cryptocurrency exchange Mudrex won a court order asking India’s Ministry of Communication to take down as many as 38 websites using the company’s name to carry out scams. The Delhi High Court’s Aug. 23 judgement, passed within a dayContinue reading “Indian Court Orders Scam Websites Using Crypto Exchange Mudrex’s Name to Be Taken Down”
Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online
Advertisements Toncoin’s TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted. Toncoin (TON) has trimmed some of its losses as the blockchain restarted after a nearly five-hour downtime. Though the downtime was partially blamed on the popularity of the DOGS airdrop, part of the Ton Foundation’s way to raiseContinue reading “Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online”
U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform
Advertisements The complaint alleges that the duo falsely told investors about one of them creating a “bot” that operated on a crypto asset trading platform. The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving aContinue reading “U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform”
Telegram CEO Pavel Durov Could be Free by October, Polymarket Bettors
Advertisements A press release from French prosecutors said he could be released Wednesday, but the market isn’t confident he’ll be out by then. Telegram CEO Pavel Durov could be free to go as soon as Wednesday local time, French prosecutors said. However, Polymarket isn’t confident he’ll be released in August, with bettors putting money onContinue reading “Telegram CEO Pavel Durov Could be Free by October, Polymarket Bettors”
India’s CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
Advertisements Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC. India’s central bank Governor Shaktikanta Das has said that while their retail central bank digital currency (CBDC) pilot has over 5 million users, there should not be in any rush to roll out a system-wide CBDC. TheContinue reading “India’s CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor”
Bitcoin Tops $61K Ahead of Jackson Hole as Ether ETFs Extend Record Outflow Streak
Advertisements Comments at the Jackson Hole symposium later Friday may give clues about the Federal Reserve monetary policies, will boost or undermine prices of risk assets, including bitcoin. Bitcoin (BTC) rose through $61,000 in Asian trading hours while being mainly confined between that level and $59,000 over the past two weeks. Some traders are lookingContinue reading “Bitcoin Tops $61K Ahead of Jackson Hole as Ether ETFs Extend Record Outflow Streak”
Australia’s Securities Regulator Wins Case Against Kraken’s Local Operator
Advertisements The Judge ruled that Bit Trade Pty Ltd. issued its financial product to retail clients without having first made a target market determination for the product. The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken’s operator in the country, Bit Trade Pty Ltd, “contravened” with a section of the nation’s CorporationsContinue reading “Australia’s Securities Regulator Wins Case Against Kraken’s Local Operator”
Zenrock Aims to Calm Users’ DeFi Wobbles With Decentralized Custody Offering
Advertisements Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock. Zenrock, the crypto custody platform built on the remains of Qredo, plans to ease concerns over the security of decentralized financeContinue reading “Zenrock Aims to Calm Users’ DeFi Wobbles With Decentralized Custody Offering”
Trump Tops Harris On Polymarket; Tron, Cardano in Green as Bitcoin Sinks
Advertisements Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants. Bitcoin (BTC) reversed Tuesday’s gains as prices slid to just over $59,000 during the Asian morning hours Wednesday, continuing a spell of sideways price action. BTC fell 2.6%, leading lossesContinue reading “Trump Tops Harris On Polymarket; Tron, Cardano in Green as Bitcoin Sinks”
Bitcoin Pops Over $61K, XRP Leads Gains Among Majors
Advertisements Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium. Bitcoin (BTC) moved past $61,000 early Tuesday as U.S.-spot exchange-traded funds (ETFs) holding the asset recorded their second-highest inflow activity this month. Bitcoin ETFs recorded over $61 million in net inflows,Continue reading “Bitcoin Pops Over $61K, XRP Leads Gains Among Majors”
U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest
Advertisements Distribution of open interest shows bullish sentiment, according to Wintermute. Crypto traders speculating on how the impending U.S. elections might affect the digital assets industry have locked millions in bitcoin (BTC) options tied to the event. The so-called election expiry options, due for settlement four days after the Nov. 4 elections, began trading onContinue reading “U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest”
TON Leads Crypto Majors as BTC, ETH Remain Flat
Advertisements GameFi heavy TON outperformed the CoinDesk 20 during the Monday trading day in Asia. Bitcoin (BTC), ether (ETH) and most other crypto majors were flat in Asia as the region’s business week began, with the CoinDesk 20 (CD20), a measure of the largest digital assets, down 0.43%. One of the highlights of the MondayContinue reading “TON Leads Crypto Majors as BTC, ETH Remain Flat”