Day: June 16, 2022

Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin – Featured Bitcoin News

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Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.” Lawsuit Filed Against Elon Musk, Spacex, Tesla Over Dogecoin Dogecoin investor Keith Johnson filed a class-action lawsuit against Elon Musk and his companies, Tesla and Spacex, Thursday in federal court in Manhattan, Bloomberg reported. The…

Further downside is expected, but multiple data points suggest Bitcoin is undervalued

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The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital (3AC) as its next victim.  As large crypto projects and investment firms begin to collapse on a weekly basis, the prospect of a long, drawn out bear market is a reality investors are beginning to accept.  Based on a recent Twitter poll conducted by market analyst and pseudonymous Twitter user Plan C,  41.6% of…

Dubai क्यों बना cryptocurrency का अड्डा | WazirX के CEO भी गए | Kharcha Pani Ep 314

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Download 5paisa app and use coupon code LT150 – 5paisa is the fastest growing discount broker app with 2+ million happy customers and over 10 million app users. 5paisa offers all financial services like Equity Trading, Mutual Funds, Insurance, Research Products, Commodity and Currency Trading, Digital Gold Investment, US Stocks and more.” The Lallantop presents you Kharcha Pani, the daily economic bulletin and in today’s episode we discuss following : 1. Why the tax on digital virtual assets in India caused a…

Statement in response to the government’s announcement on the upcoming Data Reform Bill

The government has published its response to a consultation on the upcoming Data Reform Bill. The response outlines plans to reduce burdens on business by enabling organisations to create flexible and proportionate compliance regimes. It includes proposals for improved data sharing practices to support delivery of public services. And it commits to maintaining the robust standards of data protection crucial to protecting the public. John Edwards, UK Information Commissioner, said: “I share and support the ambition of these reforms. “I am pleased to see the government has taken our concerns…

The Case for Technological Neutrality in Web3

Second, the task for policymakers can be simplified. With a technology as broad as Web3 and crypto, asking a regulator for clarity on Web3 and crypto is understandably daunting. The internet is a broad technology, and regulation would, of course, change depending on whether you’re discussing ecommerce or social networking, consumer protection or data privacy, etc. Source

Bitcoin of America Is Working to Solve the Gender Problem in the Cryptocurrency Industry – Sponsored Bitcoin News

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sponsored The cryptocurrency industry has a big gender problem when it comes to female involvement. Bitcoin of America (BOA), a popular virtual currency exchange, is looking to solve this major issue. BOA has been very open about their female involvement at conferences, expos, and even within their own company. Bitcoin of America revealed that most of their top tier positions are filled by Women. Their Chief Operating officer, Operations Manager, Director of Marketing, Director of Agent Locations, and Director of Business Development are all run by powerful females. Bitcoin of…

Bitcoin Bounces Back Before Hitting 2017 Peak, Is The Bottom In?

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The price of bitcoin had dropped dangerously close to the 2017 cycle peak on Wednesday. It was a brutal decline for investors who watched their BTC portfolios incur losses after losses. Speculations were rampant in the space on what a touch below $20,000 would have meant for the market. The implications were abundant in their impact but the recovery back above $21,000 has staved off the bears, if only for a little while. Is The Bitcoin Bottom In? After the market recovery on Wednesday, it has become apparent that there…

SOL price trending toward yearly low as Solana TVL drops $870M in three days

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Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from the day before. The SOL price volatility liquidated almost $10 million worth of contracts in the past 24 hours across multiple crypto exchanges, data from Coinglass shows.  SOL liquidation record since May 17. Source: Coinglass  The latest declines come as an extension to SOL’s broader…

SOL, TRX Nearly 10% Higher, as Crypto Prices Marginally Rebound – Market Updates Bitcoin News

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SOL was nearly 10% higher on Thursday, as crypto prices rebounded following recent losses. The rebound comes a day after the latest Fed rate hike, with TRX also gaining on the news. Solana (SOL) SOL was trading higher during today’s session, spurred by the latest Federal Reserve rate hike. Following a low of $28.46 on Wednesday, SOL/USD surged to an intraday peak of $35.71 earlier in the day. Today’s move saw SOL hit its highest point in the last five days, and comes as prices seemed to have found a…

US Treasury Secretary Talks Crypto With Bank Chiefs

While dramatic market swings often push Treasury secretaries to reach out to U.S. financial leaders, Yellen’s meeting with a long list of bank executives had long been scheduled, according to people familiar with the event. Both bankers and the administration have been keen on the subject of cryptocurrency oversight, so that topic is featured on the agenda even as Bitcoin and other digital mainstays slide into ever-deeper declines. Source