Browsing: Market News

Celsius founder Alex Mashinsky pleads not guilty and is granted a $40M bail after being accused of misleading customers and inflating the CEL token. The case involves allegations of deceptive practices and false claims. Alex Mashinsky, the founder of Celsius, has entered a plea of not guilty in response to charges accusing him of deceiving customers and artificially inflating the CEL token. Following his arrest on Thursday, a US District Judge granted him bail, setting it at an impressive $40 million. The bond is secured by Mashinsky’s residence in Manhattan, as well as the signatures of his wife and another…

In a surprising revelation, Elon Musk, Twitter’s CTO, discloses the motive behind the recent lawsuit over data scraping. The lawsuit, filed by X Corp, accuses four entities of unlawfully scraping Twitter data. Find out the details behind this legal action and its implications for social media platforms. In a surprising turn of events, Elon Musk, the Chief Technology Officer (CTO) of Twitter, has shed light on the motive behind the recent lawsuit filed by X Corp, the company that owns Twitter, against four entities accused of scraping Twitter data. Musk justified the legal action by stating that multiple entities had…

Tesla CEO Elon Musk has launched XAI, a new AI venture that has the potential to compete with ChatGPT. With Musk’s track record of innovation and success, the introduction of XAI has sparked anticipation for the groundbreaking inventions it may bring to the field of artificial intelligence. Elon Musk, the CEO of Tesla Inc and Chairman of Twitter, has made headlines once again with the launch of his latest venture, XAI. This new outfit, which stands for “X Artificial Intelligence,” was unveiled by Musk on Twitter, fulfilling his promise of merging X Corp and AI. Renowned for his unpredictable character…

The collapse of cryptocurrency exchange FTX has dealt a devastating blow to the investment portfolio of renowned NFL quarterback Tom Brady, leaving him with severe financial losses. As an ambassador for FTX, Brady played a prominent role in the company’s commercials, endorsing their cryptocurrency offerings. However, the recent turn of events has left him reeling from the unexpected downfall of the exchange. According to a report by The New York Times, Brady had entered into a lucrative agreement with FTX, which included a substantial payment of $30 million. The majority of this compensation was in the form of FTX stock,…

Amidst a significant rally, PEPE, the meme coin in the spotlight, achieved a remarkable feat by reaching a 2-month high. Market participants have seized the opportunity to cash in on the asset’s momentum, attracting attention to the potential profitability of meme coins. PEPE, the meme coin that has been under the spotlight recently, managed to achieve a remarkable feat as it clinched a 2-month high amidst a significant rally. This recent surge has attracted the attention of market participants who have capitalized on the asset’s momentum to rake in profits. PEPE Achieves Remarkable Feat With 2-Month High Amidst Significant Rally…

Ethereum’s Staked Surge Sets New Record as Investors Flock to Beacon Deposit Contracts In the wake of the implementation of the Shanghai upgrade, which streamlined the process of withdrawing staked Ethereum (ETH), a growing number of individuals are choosing to secure their funds in beacon deposit contracts. This trend is evident from the significant surge in staked Ethereum since the upgrade, resulting in the establishment of a new record. In more specific terms, the quantity of Ethereum that has been staked has reached an unparalleled height, exceeding 25.8 million ETH.  According to recent data shared in a tweet by CryptoRank,…

Cameron Winklevoss, the CEO of Gemini, has publicly criticized the Grayscale Bitcoin Trust (GBTC), labeling it a ‘toxic product.’ Cameron Winklevoss, the CEO of cryptocurrency exchange Gemini, took to Twitter recently to express his frustration with the US Securities and Exchange Commission (SEC) over the rejection of Gemini’s application for a spot Bitcoin Exchange-Traded Fund (ETF). According to Winklevoss, the SEC’s denial has deprived US investors of an opportunity to participate in one of the best-performing assets of the past decade. Gemini CEO Raises Concerns Over SEC’s Rejection Of Bitcoin ETFs The Gemini CEO argued that the SEC’s refusal to…

Unlock the potential of DAOs in transforming infrastructure for a democratic future. Empower the community, foster transparency, and embrace a shift towards global democracy. It’s time for DAOs to revolutionize corporate structures and promote authentic democratic power. Exploring the Opportunities and Obstacles in Decentralized Autonomous Organizations’ Journey to Revolutionize Conventional Corporate Structures In recent years, blockchain technology has paved the way for a novel governance model called a decentralized autonomous organization, or DAO. By challenging the traditional corporate structure, DAOs aim to eliminate a centralized hierarchy that holds complete control over decision-making in a company, granting shareholders the power to…

UK Law Commission urges special legal framework for crypto collateral to enhance market liquidity and address risks, while emphasizing residual legal uncertainties and alignment with UK’s vision of becoming a digital asset hub. The Law Commission of England and Wales has proposed the establishment of a specialized legal framework to govern the use of cryptocurrencies as collateral. The commission, which is funded by the Ministry of Justice, highlighted the advantages of utilizing digital assets as collateral for loans, such as enhancing market liquidity and enabling investors to access the value of otherwise dormant assets. However, the commission also acknowledged the…

Securely Purchase Ethereum in Australia: Key Steps and Recommendations to Safely Navigate the Crypto Market and Unlock its Potential. With the increasing popularity of cryptocurrencies, particularly Ethereum, it is crucial for investors to be cautious and take necessary steps to protect themselves when entering the Australian cryptocurrency market. This article offers important guidelines and suggestions to ensure a safe and secure acquisition of Ethereum in Australia. To begin, it is crucial to select a trustworthy cryptocurrency exchange that is well-established, follows regulations, and implements strong security measures. Renowned exchanges in Australia like cointree and Swyftx prioritize the safety of investors’…