A complex cryptocurrency scheme has led to a legal battle in British Columbia, leaving two men financially devastated. The case, centered around a loan of 22 bitcoins, has culminated in a B.C. Supreme Court judge ordering Daniel Tambosso to repay $1.2 million to Hung Nguyen. This ruling highlights the risks and legal complexities surrounding Bitcoin…
In a bold new move, former President Donald Trump announced his ambitious plan to make the United States the “crypto capital of the planet” through the launch of a new crypto platform, World Liberty Financial. The announcement, made via a post on X (formerly Twitter), has sent ripples through the digital currency community and beyond…
Parafi Capital, a leading digital asset management firm, has successfully raised $120 million from a diverse group of investors, including Theta Capital Management and Accolade Partners. This significant capital injection comes as the cryptocurrency market shows signs of recovery, reflecting renewed investor confidence in digital assets. As Parafi Capital continues to expand its presence in…
The cryptocurrency market in 2024 has seen remarkable growth, drawing in new users and capital at unprecedented rates. However, this surge has also attracted the attention of malicious actors, leading to a significant increase in the use of the Inferno Drainer tool. This notorious phishing tool, designed to exploit vulnerabilities in decentralized applications, has experienced…
The ongoing legal battle between the NFL Players Association and DraftKings (NASDAQ:DKNG) has brought to light significant issues surrounding the classification of non-fungible tokens as securities. This dispute, unfolding in the Southern District of New York, centers around a licensing agreement and the potential financial repercussions for both parties. As the case progresses, it underscores…
The market capitalization for artificial intelligence and big data cryptocurrency projects has experienced a significant surge, climbing by an impressive 79.7% over the past three weeks. This surge reflects growing confidence among crypto investors, particularly as the broader AI narrative gains momentum in 2024. The AI crypto market is now a focal point for investors,…
Maker Protocol, a pioneer in the decentralized finance space, has officially rebranded itself as Sky, marking a significant shift in its strategy and offerings. This Sky DeFi rebranding includes the introduction of a new suite of upgrades aimed at making DeFi more accessible and user-friendly. Among the most notable changes is the rebranding of Maker’s…
As U.S. technology companies race to expand their artificial intelligence and cloud computing data centers, they are increasingly targeting energy assets held by bitcoin miners. This AI data center expansion is driving a surge in U.S. power demand, the fastest since the turn of the millennium, which has led to fierce competition for electricity resources.…
OpenSea, the self-proclaimed “world’s largest” nonfungible token marketplace, is currently under scrutiny by the U.S. Securities and Exchange Commission. On Wednesday, the company disclosed that it received a Wells notice from the SEC, signaling that the regulator may soon file a lawsuit against OpenSea. The notice suggests that the SEC considers NFTs traded on OpenSea’s…
After a prolonged period of decline throughout 2024, the non-fungible token market is showing signs of a recovery. Recent data from CryptoSlam indicates that weekly sales volumes on some of the leading blockchains for digital collectibles have finally turned positive, suggesting a potential resurgence in the NFT market. This article delves into the details of…