The lawsuit claims that Elon Musk supported Dogecoin’s bullishness. DOGE Designer provides important updates to the XPayments launch process. Tesla lawyers believe the judge’s decision will help Dogecoin grow. Elon Musk, the owner of Tesla, SpaceX, and X, has won a landmark Dogecoin (DOGE) pyramid scheme lawsuit initiated by investors. The $258 billion class action lawsuit claims Musk and his associates intentionally manipulated the price of Dogecoin during the 2021 bull run.Musk’s Lawyer: ‘A Good Day for Dogecoin’Additionally, Tesla employees were accused of insider trading to drive up the price of Dogecoin by a whopping 36,000%, then making significant profits…
Author: Crypto Flexs
Read More
Bitcoin (BTC) has been range-bound since Wall Street opened on August 30, as traders began comparing BTC price action to the 2023 crash.BTC/USD 1-hour chart. Source: TradingViewBitcoin Ignores Recent US PCE Inflation FiguresAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD is trading near $59,500.The latest U.S. macroeconomic data in the form of the personal consumption expenditures (PCE) index did little to reverse this sideways trend.This was slightly lower than expected, further supporting claims that rate cuts will begin in September, as expected.Source: Kobe City LetterThe market odds for the size of the first rate cut haven’t changed much…
DeFi • August 30, 2024 7:45 AM EDT Posted 1 minute earlier ~ in Contributors to SafeDAO (SafeDAO’s governing body) safe safe +1.51% The project proposed implementing a licensing fee model for protocols integrated into Safe Wallet.This proposal from the Safe Ecosystem Foundation represents the first step towards SafeDAO creating a dedicated revenue stream. The proposal initially focuses on the swap functionality within the Safe Wallet, with an anticipated annual revenue of $2.5 million in licensing fees for the basic swap functionality provided by CoW Protocol, a close collaborator with Safe. “Monetization is currently one of Safe’s main focus areas.…
Welcome to the August issue of Cryptie! As summer approaches, the pace of innovation in the crypto world is picking up. This month, we bring you exciting updates, including a brief recap of the recent Litecoin Summit and Bitcoin Conference in Nashville, as well as the latest trends in crypto payments, industry news, and insights from the community. Let’s get started!In this issue: Industry NewsRead news from across the blockchain industry:Litecoin Summit RecapBitPay went all out at the 2024 Litecoin Summit in Nashville, and our team engaged with some of the biggest names in the Litecoin community. Attendees heard from…
The cryptocurrency analyst who predicted Bitcoin’s 2018 bottom six months ago is now bullish on Ethereum (ETH). The analyst, known by the pseudonym Blunts, told his 273,300 followers on social media platform X that ETH may be at its lowest price in six months now, after hitting a six-month low in August. According to the trader, Ethereum is currently on the verge of reclaiming its range, with an upper limit of around $2,850. Blunts also says that Ethereum shows a bullish divergence on a 3-day timeframe when paired with Bitcoin (BTC). A bullish divergence occurs when the price of an…
Rebecca Moen 30 Aug 2024 12:09 Artfi uses Sui’s dynamic NFT technology to fractionalize high-end artworks, allowing a wider audience to invest in blue-chip art. According to The Sui Blog, Artfi, a company that aims to democratize high-end art investment, is leveraging the Sui blockchain to make blue-chip art more accessible to a wider audience by fractionalizing artworks using dynamic NFT technology.Innovation in Art InvestmentArtfi, founded by Asif Kamal, aims to make investing in world-class art accessible to more people by converting high-end artworks into fractionalized NFTs. With extensive experience in the art business,…
Bitcoin (BTC) is printing new “buying opportunities” as miners face ongoing profitability issues.On-chain analytics platform CryptoQuant suggested in one of their Quicktake blog posts on August 30 that BTC price action is already close to a long-term low.Hashprice comparison suggests BTC price is “close to bottom”Bitcoin’s long-term indicators continue to support a bullish outlook this month, despite the challenges facing both miners and holders.Electronic Camp is still facing revenue issues after the halving, and according to the latest data, their hash price may not be very favorable.The hashprice, designed to measure miner costs in terms of terahashes, is currently noticeably…
SOL staking volume has increased to approximately $52 billion. SOL has been on a downward trend for 6 consecutive days. The Solana staking landscape has seen notable progress over the past 24 hours, with multiple exchanges hinting at the introduction of new SOL staking features. The news initially had a positive impact on the Solana (SOL) price, briefly lifting market sentiment. However, despite the initial enthusiasm, the price of SOL eventually succumbed to the downtrend. In addition to the price fluctuations, the volume of staked SOL also increased. Solana Staking Makes the Topic On August 29, three major cryptocurrency exchanges,…
Company • August 29, 2024 2:34 PM EDT Posted 1 minute earlier ~ in Web3 payments company Bridge has raised a total of $58 million in funding.According to a company post on X, the company, started by former Coinbase and Square employees, counts backers Sequoia, Ribbit, Index, and Haun Ventures among its backers.Bridge is building a stablecoin-based funds transfer platform, offering services such as payments, cross-border payments, and foreign currency exchange. It has already partnered with Bitso for cross-border payments between businesses based on stablecoins in Latin America. “We are building stablecoin orchestration and issuance as a service,” Bridge explained…
Caroline Bishop Aug 30, 2024 09:27 Chainalysis’ mid-year update highlights the rise of China-based CSAM networks and the evolution of cryptocurrency scams, including the infamous pig slaughter incident. According to Chainalysis’ latest mid-year update, 2024 saw a significant increase in China-based networks trading in child sexual abuse material (CSAM), an evolution in cryptocurrency fraud tactics, and the infamous pig slaughter incident. Key Results The Chainalysis report highlights several concerning trends in the crypto crime space. This update explores the on-chain activity surrounding CSAM and the latest fraud trends dominating the crypto landscape. China-based CSAM…