Tag Archives: social

In a note published on April 24, Standard Chartered analysts predicted that Bitcoin prices will climb to $100,000 by the end of 2024. Analyst Geoff Kendrick noted that the collapse of several U.S. banks, including Silicon Valley Bank, Silvergate, and Signature, has solidified the case for Bitcoin as a “decentralized, trustless, and scarce digital asset.” The bank analyst was confident that the bear market is over and prices will continue higher next year in the next bull...

The crypto market significantly improved this year, but volatility persisted. Despite this, Uniswap managed to maintain its dominance over the decentralized market. In fact, it remains one of the largest decentralized exchanges in the ecosystem, commanding over $4 billion in total value locked (TVL) across all blockchains. In yet another milestone, the protocol officially surpassed $1.5 trillion in trading volume in April, according to Uniswap Labs, the crypto firm behind...

Host of the popular podcast “All In” and seasoned venture capitalist Chamath Palihapitiya has been a long-time believer in fledgling companies and causes. During his career, Palihapitiya has invested in successful companies such as Slack and Yammer. For the past few years, Palihapitiya has championed Bitcoin and its march to 200k to the world of venture capitalists. He has also been a senior executive at Facebook in its early days, a far cry from his teenage years spent...

Arbitrum – a leading Layer-2 scaling solution for Ethereum – started distributing its governance token (ARB) on April 25th. The airdrop is part of the platform’s roadmap, which designated 1.13% of the overall 10 billion token supply for qualified DAO projects. According to the latest data, Arbitrum has distributed over 90 million ARB worth $120 million to 125 DAO wallets. Treasure DAO was the top receiver with 8 million ARB, while 60 other DAOs pocketed at least 75k ARB...

Last September, the SEC took the Hydrogen Technology Corporation and its CEO, Michael Ross Kane, to court for the alleged price manipulation of the firm’s proprietary token, HYDRO. Proven Manipulation Of Market Value According to the charges, Kane used services offered by Moonwalkers Trading Ltd, a South African company, without a clear legitimate business purpose in order to conduct bogus trades using the HYDRO token. We announced charges against The Hydrogen Technology...

Leading cryptocurrency exchanges Coinbase and Gemini are parts of the two consortiums set to bid for bankrupt crypto lender Celsius Network’s assets at an auction scheduled for Tuesday, the 25th of April, 2023, according to a court filing and report from Fortune. The court document revealed that the auction would be held at the New York offices of Kirkland and Ellis, the law firm handling Celsius’ bankruptcy, from 2 pm EPT. Coinbase and Gemini to Bid for Celsius’ Assets One...

A South Korean District Court has declared that LUNA, the native token of the Terra ecosystem, is not a security. The court also dismissed prosecutors’ requests to confiscate properties belonging to Singapore-based Terraform Labs co-founder Shin Hyun-Seong, and also arrest him along with other executives of the Singapore-based project. LUNA Is Not a Security Token The Seoul Southern District Court categorically stated that LUNA is not considered a security, according to a...

Litecoin’s third halving is officially 100 days away, with the event expected to occur on August 2, 2023, at block 2,520,000. However, the date may change due to the network’s hash rate fluctuations. Halving is a mechanism in which the rewards that crypto miners receive for validating transactions on a blockchain are cut in half. This is done to slow down the rate at which new units of a digital asset are created, thereby creating scarcity and potentially boosting the asset’s...

By quoting Portfolio Shield’s inventor, Steven Van Metre, Robert Kiyosaki warned that gold prices could be heading toward a massive correction that could slash the value in half. At the same time, he reaffirmed his stance that “cash is trash” and his belief in the yellow metal as well as bitcoin. Gold to Drop Hard? The precious metal has been long praised as the go-to safe haven investment tool, given its history and positive performance in times of economic uncertainty. The...

Faruk Fatih Özer – the founder of crypto exchange Thodex – has been extradited to his home country, Turkey, where he faces charges of fraud and operating a criminal organization. Thodex was one of the largest crypto exchanges in Turkey. It later turned out to be an exit scam, with Özer disappearing with $2.6 billion worth of crypto funds leaving around 400K users high and dry. According to the latest report by state media, the 27-year-old founder was detained by police upon...