Tag Archives: social

Creditors of the defunct cryptocurrency exchange Mt. Gox have received more time to select and register how they wish to receive compensation from the company. According to a document from the exchange’s trustee Nobuaki Kobayashi, the registration deadline, which was previously set as January 10, 2023, has been extended to March 10 (Japan time) after receiving approval from the court. “The deadline for the Selection and Registration was January 10, 2023 (Japan time) but...

After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high. The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO. Bitcoin Touches $17K The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push...

The development team behind the Solana-based memecoin project – Bonk Inu (BONK) – has revealed burning over 5 trillion tokens, or 5% of the total supply. The blockchain data confirmed the process, which saw nearly $1 million worth of BONK removed from circulation. As a result, BONK’s circulating supply declined by 5% to 94.16 trillion. Updating the same, the devs tweeted, “BONK represents the best of Solana. Our community is working together across the ecosystem to make...

The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients. Recall that the platform (considered among the giants in its field) crashed in November, causing multi-billion losses and shaking the entire market to its core. As reported by Reuters, the American financial regulator sought information from several firms regarding their due diligence policies...

The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is highlighted in the declining Bitcoin dominance – a metric that’s commonly used to gauge BTC’s share relative to that of the rest of the market. At the time of this writing, the BTC dominance sits at 38.1%, having peaked at over 38.4% last week.  Bitcoin’s price increased by a total of...

Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features – Snappy Marketplace and Pro Trade tools. As a result, unverified NFTs were listed in these two tools. More technically, the newly deployed “activity indexer” failed to detect dupe NFTs. Instead, the bug...

Alex Mashinsky, the co-founder and former CEO of bankrupt cryptocurrency lender Celsius Network has been sued by New York Attorney General Letitia James for allegedly defrauding investors, including more than 26,000 New Yorkers, out of billions of dollars worth of digital assets. In an official press release, the AG alleged that before Celsius’ bankruptcy, Mashinsky repeatedly made false and misleading statements about the company’s safety to persuade investors to deposit...

Logan Paul has been at the receiving end of seemingly endless controversies since his career took off as a media star. His two-year-old NFT venture – Crypto Zoo – is now under intense scrutiny. The latest development has ruffled a lot of feathers in the space. The crypto scam allegations are yet to fizzle out, but the investigative journalist who interviewed purported investors of the project has dropped bombshell allegations about Paul and his team members. Accusation In a...

Solana has rallied for the week as the network continues to gain more users. Excitement over the new memecoin, Bonk Inu (BONK), coincided with the cryptocurrency’s rally. The asset is moving in stride, brushing off recent losses in connection with the FTX’s collapse. Solana is pulling through tough times. It’s rough for the Ethereum competitor, the DeFi ecosystem especially, as it is tough for the entire industry out there in this biting crypto winter. The gains for Solana...

The Israel Securities Authority (ISA) could amend three of its existing monetary laws to squeeze in cryptocurrencies.  The regulator’s proposals seek to grant investors maximum security when dealing with digital assets, reminding about the recent collapse of FTX and the severe losses it caused to consumers.  Paying Attention to Crypto Israel’s financial watchdog proposed that cryptocurrencies should be included in the nation’s existing securities legislation. As such, the...