[PRESS RELEASE – Dubai, UAE, June 1st, 2024] The Penguiana project, a penguin-themed meme coin built on the Solana blockchain, has achieved a remarkable milestone, hitting an all-time high fully diluted valuation of $4 Million and currently sitting at a market cap of over $2.5 million, according to Dexscreener. This significant growth underscores the strong […]
Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud. Russell’s sentencing took place at the Eastern New York District Court in Brooklyn after his September 2023 guilty plea. Former Banker’s $1.5 Million Crypto Fraud Prosecutors detailed that Russell began […]
Ethereum co-founder Vitalik Buterin donated 30 ETH, valued at around $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through the decentralized fundraising platform Juicebox. According to the on-chain data, the transaction from an address linked to Buterin, named vitalik.eth, was made at 1:58 am EST on May 30 […]
TL;DR Donald Trump was found guilty of 34 charges related to falsifying business records in a hush-money trial involving porn star Stormy Daniels. His conviction was followed by volatility in meme coins linked to him and Joe Biden. Trump Found Guilty A Manhattan jury found Donald Trump guilty of all 34 charges of falsifying business […]
Crypto markets have declined slightly this week as sentiment wanes in the wake of last week’s US Securities and Exchange Commission’s approval of spot Ethereum exchange-traded funds. Nevertheless, volatility could increase when a whopping $4.7 billion in notional value Bitcoin options contracts expire on May 31. The 69,200 contract expiry is huge compared to last […]
[PRESS RELEASE – Belize, Belize, May 31st, 2024] BOOM.LOL, a groundbreaking platform for creating “safer meme coins” is launched on multiple chains with its memecoin generator product. The Rise and Risks of Meme Coins Meme coins have become a ubiquitous part of the cryptocurrency landscape, often driven by social media trends and celebrity endorsements. Despite […]
The U.S. District Court for the District of Utah has dismissed the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. The judge has also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. SEC Ordered to Pay $1.8 Million in Fees In a post […]
Riot Platforms Inc., a leading crypto mining company, has announced its intention to acquire Bitfarms Ltd., another significant player in the Bitcoin mining industry. Riot has already acquired a 9.25% stake in Bitfarms and plans to make a public takeover offer despite the company’s board’s recent rejection. Global Bitcoin Mining Giant Riot has proposed an […]
Bitcoin’s price has been sensitive to changes in inflation data – Consumer Price Index (CPI) – relative to the previous month, according to a May 29 market report from 10x Research analyst Markus Thielen. He said that higher-than-expected CPI has been bearish for the cryptocurrency, while lower-than-expected CPI has been bullish. Correlations With CPI Data […]
[PRESS RELEASE – San Francisco, CA, May 29th, 2024] Galxe, web3’s largest onchain distribution platform, announced today the upcoming launch of Gravity, a Layer 1 omnichain smart contract platform designed to transform how users and developers interact with web3. Over the past three years, Galxe’s user base and transaction volume have grown exponentially, highlighting the […]