Day: April 22, 2023

Pepe Token Surges 77% in 24 Hours, Leading the Top 10 Meme Coins’ Market Gains – Market Updates Bitcoin News

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In the aftermath of a downturn in the wider crypto market, the top crypto assets bitcoin and ethereum have each risen modestly, between 1.2% to 1.6%, over the past 24 hours. However, the meme token pepe (PEPE) has surged 77% against the U.S. dollar, and its market capitalization has swelled to $141 million, just $24 million shy of its all-time high valuation. Other top meme coin assets, including dogecoin and shibu inu, have risen by 1.2% to 1.4% today, while baby doge coin has experienced a 10% increase in value…

Tether treasury mints 1b USDT on Ethereum network

A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether treasury. According to a tweet by @whale_alert, a service that tracks large cryptocurrency transactions, one billion USDT were minted on the Ethereum network, which could indicate a surge in demand for the token. However, Paolo Ardoino, the CTO of Bitfinex and Tether, quickly clarified that the minting was not an issuance but an inventory replenishment. Ardoino explained that this amount would be used as inventory for the next period of issuance…

Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case – Bitcoin News

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Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using federal securities law to assert jurisdiction over the digital assets in this case.” Terraform Labs Co-Founder’s Legal Team Claims SEC Lacks Jurisdiction Over Digital Assets in Terra Case As per Bloomberg, Kwon’s lawyers have filed a motion to dismiss the lawsuit, citing that the SEC’s…

Digitoads may surpass ethereum classic’s market cap by 2025

The global cryptocurrency market is rapidly growing. While only a few crypto projects have what it takes to be at the top, a few, like digitoads (TOADS), have the potential to catalyze the decentralized finance (DeFi) ecosystem. Built on Ethereum, the DigiToads project merges three crypto models; a meme coin, a stake-to-earn ecosystem, and a play-to-earn (P2E) platform, to develop a dynamic cryptocurrency that can empower users. DigiToads: Bringing all of DeFi on one platform With DigiToads, users experience the utility of a meme coin. They can also try their…

Musk hints at suing Microsoft, US Rep wants Gary Gensler fired…

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Top Stories This Week Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data Microsoft has been threatened with a lawsuit from Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence on Twitter data. The entrepreneur suggested that Microsoft mined user tweets to train its AI-powered applications. Musk tweeted that it was “lawsuit time” after reports that Microsoft would cease supporting Twitter across its online social advertising tools. Musk and Microsoft are believed to be at odds over artificial intelligence. The tech…

FBI receive referral as sued YouTube star fails to attend court

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following Ben “BitBoy” Armstrong’s refusal to attend a court hearing over his promotion of FTX, a defunct cryptocurrency exchange, a referral was made to the United States Federal Bureau of Investigation (FBI).  Moskowitz counseled the plaintiffs who sued many YouTubers, including BitBoy, for promoting FTX. Kevin Pavels is another influential figure in the case besides Brian Jung Graham, Stephen Tom Nash, and Erica Kuhlberg. However, Armstrong, an influential member of the cryptocurrency community and a YouTuber,…

Trust Wallet to reimburse users after $170,000 security incident

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Crypto wallet Trust Wallet disclosed a security vulnerability that resulted in nearly 170,000 losses for some users. The vulnerability has been patched, according to the company. Trust Wallet found out about the issue through its bug bounty program. A security researcher reported a WebAssembly (WASM) vulnerability in the open-source library Wallet Core in November 2022. New wallet addresses generated “between November 14 and 23, 2022 by Browser Extension contain this vulnerability,” said the company in a statement, adding that all addresses created before and after those dates are safe. 1/10…

Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes – Bitcoin News

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Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% to 29.58%, against the U.S. dollar over the last 30 days. Interest in the Combination of Crypto and Artificial Intelligence Has Declined, Crypto-AI Token Economy Sheds $730M Various data points suggest that interest in and…

Trust Wallet lost $170,000 to hackers, to reimburse victims

Trust Wallet, a popular crypto wallet owned by Binance, has disclosed a WebAssembly (WASM) vulnerability in its open-source library, Wallet Core, that affected some users. A security researcher reported the vulnerability through Trust Wallet’s bug bounty program in November 2022. According to an incident update shared by the company, the vulnerability only affected new wallet addresses generated by its browser extension between Nov. 14 and 23, 2022. The vulnerability could allow attackers to execute malicious code on the users’ devices and steal their funds. 1/10 Trust Wallet is built on…

Days after Shanghai, Ethereum developers readying for key EIP and Deneb upgrade

Over a week after implementing the Shanghai upgrade, Ethereum developers have set their eyes on the subsequent code changes affecting both the network’s execution layer (EL) and consensus layer (CL). Ethereum is undergoing a series of upgrades to improve its scalability, security, and functionality, and the latest upgrade, Shanghai, was activated on April 12. It introduced several code changes to the blockchain’s execution layer for processing transactions and smart contracts. According to Ethereum researcher Christine Kim, Ethereum developers are not resting on their laurels and have already begun plotting the…