Gala Games Co-Founders trade accusations of $130M theft and waste allegations
Co-founders of Gala Games, Eric Schiermeyer and Wright Thurston, are embroiled in a legal battle involving two lawsuits. Schiermeyer, who is also Gala’s CEO, alleges that Thurston and his investment firm, True North United Investments, stole approximately $130 million worth of GALA tokens connected to the Gala Games ecosystem. Schiermeyer claims that Thurston moved the […]
Musk’s biography reveals hidden influence on Dogecoin’s Popularity
In an upcoming biography about Elon Musk, it has been revealed that the billionaire has been quietly funding the development of Dogecoin. The book sheds light on Musk’s involvement in the crypto world, particularly with regards to Dogecoin. This disclosure further highlights Musk’s significant influence on the popularity of the meme coin, which has faced […]
How 50 Cent’s Bitcoin Payments turned him into a BTC whale and a millionaire
50 Cent, the renowned rapper and Grammy winner, has recently discovered that he is now a cryptocurrency millionaire. Back in 2014, when releasing his fifth album “Animal Ambition,” the artist decided to accept bitcoin as payment. his move has paid off handsomely, as it is estimated that he accumulated around 700 bitcoins from the album […]
Shiba Inu prices tumbles to Pre-Shibarium Levels
Following a brief post-Shibarium relaunch rally, Shiba Inu (SHIB) prices have retraced to their pre-Shibarium levels, losing nearly 10% of their value. On August 28, SHIB surged to $0.0000084 when Shibarium, a layer-2 solution for the Shiba Inu ecosystem, reopened its bridge. This increase in value was fueled by an uptick in demand, as data […]
Matter Labs CEO calls for ‘Ethereum Supreme Court’ for on-chain dispute
Matter Labs co-founder and CEO, Alex Gluchowski, has suggested the creation of an “Ethereum Supreme Court.” This on-chain court system would serve as a final destination for resolving disputes related to smart contracts, similar to the United States Supreme Court. Gluchowski believes that such a system would deter bad actors, strengthen the Ethereum network, and […]
Turkey’s on a crypto revolution – Over 50% of population joins the cryptocurrency wave
A recent report reveals that over 50% of Turkey’s population is investing in cryptocurrency, with a focus on long-term wealth building rather than seeking quick profits. The Turkish Lira’s depreciation against the US Dollar, losing over 50% of its value, has made crypto an attractive option to hedge against inflation. KuCoin, a major cryptocurrency exchange, […]
New York court just called Ethereum and Bitcoin as Commodities
A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap while classifying two major cryptocurrencies, Ethereum (ETH) and Bitcoin, as commodities. The lawsuit, filed in April 2022, claimed that Uniswap violated U.S. securities laws by operating as an unregistered exchange and offering securities without proper registration. The court ruling […]
SEC extends Bitcoin ETF deadlines for BlackRock, Fidelity
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision-making process for seven Bitcoin exchange-traded fund (ETF) proposals, which include applications from prominent firms like BlackRock, Fidelity, VanEck, and WisdomTree. The SEC extended the deadlines for these proposals to October 17, with some exceptions. The regulatory body cited the need for […]
Shiba Inu’s Shibarium Sees Explosive Growth with 500k wallets and $1.42M TVL
The Shiba Inu cryptocurrency, known as SHIB, has witnessed a surge in activity on its Layer two (L2) ecosystem called Shibarium. The number of addresses using Shibarium has almost reached 500,000, indicating impressive adoption within the Shiba Inu ecosystem. Despite a period of minimal traction, the recent hike in addresses and transactions has also impacted […]
Google ventures into Bitcoin territory: expanding Cloud operations in El Salvador
Google’s recent expansion of its Cloud operations into El Salvador has prompted speculation about potential Bitcoin-related motives. The tech giant has entered into a strategic partnership with the government of El Salvador, aiming to digitize government processes and assist healthcare with AI technology. This move aligns with El Salvador’s goal of becoming a technology innovation […]