A court has ruled that there’s no case against Musk Elon Musk and Tesla have successfully completed a legal challenge accusing them of manipulating the price of Dogecoin, a popular cryptocurrency. The lawsuit, which sought a staggering $258 billion in damages, was dismissed yesterday by Judge Alvin Hellerstein of the US District Court for the
The outages were reportedly due to major interest in the newer memecoin The Open Network (TON) has resumed operations following its second major outage in just 36 hours. The network went down yesterday at 7:17 P.M. UTC and was restored around 1:00 A.M. UTC today. The TON Community confirmed the network’s return to full functionality
The new cryptocurrency trading options are coming at the end of September The Chicago Mercantile Exchange (CME) Group is set to introduce a new type of Bitcoin futures contract aimed at catering to the growing interest among retail investors. According to a report shared yesterday, CME will launch these new Bitcoin Friday Futures (BFF) on
The company has failed to recover from a long string of poor decisions Rhodium Enterprises, a prominent Bitcoin mining firm, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. The filing, which was submitted on August 24, 2024, indicates that the company is facing significant financial challenges,
The latest malware is reportedly a variation of previously reported crypto-stealing software A new form of malware targeting Apple Mac users has emerged, creating a significant threat to cryptocurrency wallets. Known as “Cthulhu Stealer,” this malicious software is designed to steal sensitive personal information and access crypto wallets. The malware disguises itself as legitimate software,
The decision is one of the first where law enforcement uses NFTs to communicate The FBI is taking an innovative approach by utilizing non-fungible tokens (NFTs) to contact victims of a crypto fraud scheme tied to the fraudulent CluCoin project. This marks one of the first instances where law enforcement will use NFTs as a
McDonald’s lost control over its Instagram account, leading hackers to mint a small fortune Hackers recently exploited McDonald’s official Instagram account to carry on a scam that gave them over $700,000 in Solana. The incident occurred on August 21, when the fast-food giant’s social media page was compromised and used to promote a fraudulent memecoin,
The latest legal battle comes via Washington State and accuses the exchange of complicity Binance and its former CEO, Changpeng “CZ” Zhao, are facing a new legal challenge from three cryptocurrency investors who allege the exchange was complicit in money laundering activities that prevented them from recovering their stolen assets. The lawsuit, filed on August
The stablecoin has expanded its reach significantly over the past year Tether, the issuer of the USDT stablecoin, has recently minted an additional $1 billion worth of USDT tokens on the Tron blockchain. This latest minting event was identified earlier today when blockchain data revealed that these new tokens were sent to Tether’s treasury wallet
The plaintiff argues that Google ignored a known crypto scam for weeks Google is facing a lawsuit after allegedly failing to act swiftly in removing a fraudulent cryptocurrency app from its platform, leading to over $5 million in losses. The lawsuit, filed by a Florida woman, Maria Vaca, claims that the tech giant did not
Chainalysis data shows that cryptocurrency attacks are increasing after a lull late last year In 2024, the cryptocurrency landscape has seen a troubling rise in hacking and ransomware activities, according to a recent report by Chainalysis. Despite a general decline in overall illicit transactions within the crypto market—down 19.6% from $20.9 billion to $16.7 billion—specific
An inquiry made to the FBI revealed cryptic details about Bitcoin’s potential creator The mystery surrounding Bitcoin’s (BTC) creator, Satoshi Nakamoto, has taken an interesting turn with recent developments involving the FBI. A Freedom of Information Act (FOIA) request filed by investigative journalist Dave Troy has led to speculation that the FBI may possess inside
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