Law firm Scott+Scott has proposed a class-action lawsuit against BAYC NFT creator Yuga Labs alleging the firm of ‘fraudulently duping’ investors. The law firm has pointed out how the prices of BAYC NFTs and Yuga Labs’ native ApeCoin dropped in recent months, bringing losses to investors. The law firm has now opened channels for individual BAYC and ApeCoin invest…
Yuga Labs Accused of Manipulating Buyers With Inflated Prices, Celeb Endorsements in Proposed Lawsuit
Bitcoin Falls Below $22,000 While Ether Continues to Surge in Value Over the Weekend
Bitcoin traded sideways and dropped to the $22,000 (roughly Rs. 17.6 lakh) level on Sunday after touching above the $23,000 (roughly Rs. 18.4 lakh) level the last week. Most major altcoins are also staring at minor losses to begin the week.
FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager’s Customers
FTX said on Friday it was planning to offer Voyager Digital’s customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry.
Epic Games Will Not Follow Minecraft in Banning NFTs From Its Gaming Platforms
Following Minecraft developer Mojang Studios’ statement on implementing NFTs or blockchain technology Epic Games CEO Tim Sweeney has stated on Twitter that the company won’t follow in the footsteps of Mojang.
OpenSea Unveils Launchpad for Solana-Based NFT Makers to Host New Mints
OpenSea has lifted curtains off its special launchpad for Solana-backed NFTs. With this launch, OpenSea has taken another step in its plan to bring a full-fledged ‘multi-chain feature’ that gives its users a wide array of NFTs built on different blockchains. This launchpad will enable NFT creators to host new mints while also offering other services such as pre-mi…
Coinbase Files Petition to the SEC Calling for Better Cryptocurrency Regulations in the US
Coinbase submitted a petition to the Securities and Exchange Commission (SEC) asking the regulator to clarify which digital assets it considers to be securities. Meanwhile, the SEC in a court filing pointed out that at least nine digital assets listed by the exchange are securities.
CryptoCom to Add Google Pay as Gateway to Buy Crypto Amid Slowed Down Business
CryptoCom exchange will soon be adding Google Pay support on its app to allow users to purchase cryptocurrencies. The integration is intended to make crypto purchase just a screen-tap away for Google Pay’s over 150 million users from around 40 nations. Users interested to try the feature will have to select the ‘Google Pay’ option under the ‘Cash’ tab after …
California to Allow Cryptocurrency Campaign Donations, if Immediately Converted to US Dollars
California will now allow cryptocurrency campaign donations, after the Fair Political Practices Commission approved new rules allowing the donations for digital currencies such as Bitcoin on Thursday. Candidates running for state and local offices can accept cryptocurrency donations if they immediately convert the digital currency into US dollars and use a registered …
Coinbase Insider Trading: Two Indians Brothers, Houston Man Charged in First Crypto Insider Trading Case
The US Securities and Exchange Commission has charged three persons with insider trading charges, in what the agency has called the first cryptocurrency insider trading scheme. Two Indian brothers Ishan and Nikil Wahi, and Houston resident Sameer Ramani were charged with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryp…
Bitcoin Prices Hover Around $23,500, Majority Altcoins Swell Up With Profits
The global crypto market cap rose by 2.38 percent over the last day. Along with BTC and ETH, majority other cryptocurrencies also rallied with gains. These include Solana, Polkadot, and even Shiba Inu among others. As per industry experts, crypto is currently going through a consolidation phase.