Tag: cryptocurrency

Ben ‘bitboy’ Armstrong files another lawsuit in quest to retrieve his Lamborghini

Crypto YouTuber, Benjamin “Bitboy” Armstrong has lodged another lawsuit against former colleagues and affiliates over an alleged “unlawfully stolen” Lamborghini and “a pattern of racketeering,” according to Armstrong, his attorneys, and documents. The complaint, stamped by the Superior Court in Cobb County, Georgia, names six defendants including Hit Network CEO Timothy Shedd Jr., Hit Network […]

NFT Traders splurge millions on ‘Simpsons’ inspired knockoff collectibles

NFT collectors rushed to buy ‘Simpsons’-themed tokens, pouring nearly $2.5 million into a collection in under a day, following a spoof of NFTs in a recent episode of the iconic television show. The unofficial Springfield Punks collection, which blends CryptoPunks’ design with ‘The Simpsons’ elements, rocketed to the top spot on OpenSea in less than […]

Ava Labs trims workforce by 12% to bolster expansion efforts

Ava Labs, the organization behind the Avalanche Blockchain, has announced a 12% reduction in its workforce in a bid to reallocate resources for expansion. This move has impacted around 40 employees, with many from the marketing team. The company’s founder and CEO, Emin Gün Sirer, confirmed the layoffs on November 7. The decision was made […]

Massive Bitcoin growth on the horizon, Claims Microstrategy’s Michael Saylor

MicroStrategy Chairman and Bitcoin magnate, Michael Saylor, made an optimistic prediction about Bitcoin’s price potential for the coming year. Saylor suggested that Bitcoin has the potential to increase tenfold, given an unprecedented demand for the cryptocurrency. This demand could be fueled by several macro and technical events, including the halving phenomenon, which will decrease 50% […]

Ethereum NFTs witness 2% spike after Yuga Labs marketplace news

Ethereum non-fungible tokens (NFTs) have seen a 2% increase in just 24 hours, following the announcement of a new marketplace by Yuga Labs. The surge comes after a period of decline in the Ethereum [ETH] NFT ecosystem. However, a recent announcement by Yuga Labs about the launch of a new Ethereum NFT marketplace, in partnership […]

“On-Chain Is The New Online” says Coinbase CEO as company smashes revenue expectations

Coinbase’s Q3 earnings have beaten expectations, with CEO Brian Armstrong drawing parallels between the evolution of blockchain technology and the internet’s transformative impact. Armstrong believes crypto companies can become the tech giants of tomorrow, as on-chain technology becomes as significant as the internet. In the earnings call, Armstrong said that just as the internet transformed […]

Over $460,000 stolen from Monero’s community wallet in security breach

A major security breach has led to the complete loss of funds from the community crowdfunding wallet of Monero (XMR), a popular privacy-focused cryptocurrency. Around 2,675.73 XMR, equivalent to nearly $460,000, were stolen in the attack. The breach occurred on September 1, but it was only revealed on GitHub on November 2 by Monero’s developer, […]

Ethereum whale’s massive Binance withdrawal signals rising confidence

An Ethereum whale has reportedly made substantial withdrawals from a cryptocurrency exchange, causing a reduction in the supply of Ethereum (ETH). The move is considered a possible sign of growing confidence and increased whale activity. Lookonchain analytics revealed that an Ethereum whale has been actively moving ETH out of the Binance exchange. Data from Etherscan […]

Hong Kong’s SFC eyeing crypto accessibility for retail investors: Bloomberg

Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), is considering proposals to permit retail investors to purchase spot crypto Exchange Traded Funds (ETFs). SFC Chief Executive Officer Julia Leung commented, “We welcome proposals using innovative technology that boosts efficiency and customer experience. We’re happy to give it a try as long as new […]