Author: Admin-aX9d7
Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the VOXEL token.Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange’s lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an April 27 X post.“These eight accounts are the main instigators of the VOXEL incident and have improperly gained more than 20 million US dollars from it,”…
7h05 ▪ 3 min read ▪ by Eddy S. The mystery surrounding Satoshi Nakamoto, the creator of bitcoin, continues to captivate. In a recent interview with Turkish influencers, Changpeng Zhao, former CEO of Binance, proposed a rather unexpected hypothesis: Satoshi Nakamoto could be… an AI (artificial intelligence) from the future. In brief Changpeng Zhao mentions the idea of artificial intelligence behind the person of Satoshi Nakamoto. The true identity of Satoshi Nakamoto remains a mystery despite many theories. Fifteen years later, bitcoin continues to fuel speculation and fascination in the crypto world. Satoshi Nakamoto could be an AI from the…
Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court on April 25 that they suffered “significant damages” as a result of Nike touting its sneaker-themed NFTs to gain investors, then shuttering the platform.The suit claimed the NFTs were unregistered securities, as Nike sold them without registering with the Securities and Exchange Commission. It accused the company of using “its iconic brand…
Key takeaways:Bitcoin trades within a narrowing range between $91,000 and $94,500 over the last three days.A rare divergence between rising open interest and negative funding rates could set up a short squeeze.BTC price must establish $95,000 as new support to continue the uptrend.Bitcoin (BTC) price has been consolidating within a tight $91,700- $94,490 range since April 22. However, expert opinions and indicators suggest that Bitcoin’s choppy price action could soon end. The key question remains when Bitcoin will break out of consolidation.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewBTC funding rates hint at potential short squeezeOne of the most significant signs that consolidation…
US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines.Albert Saniger of Barcelona, Spain, founder and former CEO of the company Nate, was charged with one count of securities fraud and wire fraud, the Justice Department said in an April 9 statement, while the Securities and Exchange Commission filed a parallel civil action.Court documents said Saniger founded Nate around 2018 and launched an app of the same name in July 2020, marketing it as an AI-powered universal shopping cart that offered users the ability…
In brief Plaintiffs allege in the lawsuit that Nike’s marketing propped up unregistered securities tied to RTFKT NFTs. Investors claim they were blindsided when Nike pulled its support in December 2024. Lawsuit claims consumer protection violations and seeks damages for lost NFT values. The world’s largest sportswear brand, Nike, was sued on Friday with a $5 million proposed class action, accusing the company of abandoning NFT investors by abruptly shutting down its RTFKT subsidiary and abandoning its sneaker-themed digital assets.In a lawsuit filed Friday in the Eastern District of New York, the plaintiffs allege that Nike used its iconic brand…
In brief GBTC has maintained its revenue dominance, generating more revenue than BlackRock and other major issuers combined Grayscale’s first-mover advantage sustains its revenue lead, roughly 16 months after spot ETFs were approved. Tax implications prevent many investors from switching to lower-fee alternatives despite potential savings. Grayscale’s Bitcoin Trust ETF (GBTC) generates more revenue than all other spot Bitcoin exchange-traded funds combined, despite charging fees that are up to seven times higher than its competitors.GBTC is still “making more $$$ than all of the other ETFs combined…” Nate Geraci, president of ETF Store, stated on X on Sunday. “And it’s…
Sun 27 Apr 2025 ▪ 3 min read ▪ by Luc Jose A. The undisputed reign of the dollar in global reserves is faltering. In the face of geopolitical tensions and economic sanctions, powers like China are reassessing the security of their sovereign assets. A breaking dynamic is starting, driven by a quest for financial independence and the desire to escape Western leverage. This strategic realignment could permanently reshape the global monetary balance and open a new era for alternative assets such as gold… and bitcoin. In Brief China is rethinking its sovereign reserves, reducing its exposure to US Treasury…
Bitwise has taken a significant step into DeFi with its first institutional allocation through Maple Finance.This initiative will allow Bitwise to access on-chain credit while maintaining compliance with institutional regulatory standards on Maple’s platform. The firm, which manages over $12 billion in client assets, announced the move in a statement shared with CryptoSlate on March 6.Following the news, Maple Finance’s native SYRUP token increased by almost 10% to $0.145 as of press time.Institutional DeFi adoptionAccording to the statement, the development highlights the increasing demand for yield-generating opportunities in digital assets, particularly among institutional investors.The firm noted that its move signals a…
Economist Steve Hanke is not a fan of U.S. President Donald Trump’s tariffs, drawing a historical parallel between today’s economic conditions and the early 1930s by invoking the Smoot-Hawley Tariff Act and denouncing it as “the stupidest thing I’ve ever seen in my life.” Trump’s Trade Levy Could Repeat 1930s Market Freefall, Warns Hanke On […]