Recently, Floki Inu (FLOKI) experienced a significant drop in price, losing its position among the top 5 meme coins. The token saw a sharp decline of nearly 20%, with its market capitalization falling to $1.23 billion. This decline allowed Bonk Inu (BONK) to surpass FLOKI and claim the fifth spot, with a market cap of
Crypto
Elon Musk, the controversial CEO of Tesla Inc., recently emerged victorious in a high-profile lawsuit alleging market manipulation of Dogecoin. The $258 billion lawsuit filed by disgruntled investors accused Musk and his company of artificially inflating the price of the meme-based cryptocurrency through social media and public statements. However, U.S. District Judge Alvin Hellerstein dismissed
The recent seven-day chart revealed a mixed bag for major crypto assets, with most top coins experiencing a downward trend. However, amidst this sea of red, Popcat stood out with an impressive 52% weekly gain by midday Wednesday. This surge in price can be attributed to a combination of factors, including its substantial market capitalization
The Cardano network is gearing up for one of its biggest upgrades yet, set to be deployed in the next three days. This upgrade will introduce new features and mark the blockchain’s transition into a community-run network. Originally scheduled to go live on Tuesday, August 27, the Chang hard fork was postponed to September 1,
The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sparked controversy once again. OpenSea, a popular NFT platform, is the latest to receive a Wells Notice from the SEC, indicating that the non-fungible tokens available on the platform could potentially be considered unregistered securities. CEO Devin Finzer took
Binance, the world’s largest crypto exchange, has recently announced the addition of new trading pairs and services to its platform. This move is aimed at expanding user options and enhancing their trading experience. However, there are some restrictions in place for residents of specific countries. The latest announcement from Binance includes the addition of trading
In a significant move within the decentralized finance (DeFi) space, Maker, a pioneering DeFi lending protocol on Ethereum, has undergone a major rebranding to “Sky.” Alongside this rebranding, the platform’s decentralized stablecoin DAI has been transformed into USDS, and the governance token MKR has been transitioned to SKY. This rebranding marks a shift in the
Recently, a former Kansas bank executive, Shan Hanes, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes, the former CEO of Heartland Tri-State Bank (HTSB), pleaded guilty to one count of embezzlement by a bank officer. Shockingly, court documents revealed that Hanes executed 11 unauthorized wire
The past trading week has been nothing short of impressive for Bitcoin ETFs, with over $500 million flowing into the largest US-based products. Despite a rough start at the beginning of the month, where losses of over $550 million were recorded in just three days, both the inflows and the cryptocurrency’s price began to recover
In the wake of Pavel Durov’s controversial arrest in France, a wave of support from celebrities and well-known public figures has emerged. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson are among those who have voiced their support for the Telegram CEO. The arrest, reportedly linked to moderation issues with the messaging app