Elon Musk Sued for $258 Billion Over Dogecoin Manipulation
A proposed class action lawsuit accuses the Tesla CEO of using Twitter, paid influencers, and his TV appearance to boost the meme cryptocurrency DOGE for personal gain. Elon Musk, the CEO of Tesla and SpaceX, is facing a $258 billion lawsuit from investors who claim he manipulated the price of Dogecoin, a popular meme-based cryptocurrency, […]
Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
Terra Classic Community Vote On Proposal Plan for LUNC, USTC to $1
The Terra Classic community attempts to revive LUNC and USTC prices to $1 through numerous means. Currently, the congregation voted on a signaling proposal that claims to revive the LUNC price to $1. Proposal 11549, “Final Vision Plan for LUNC to $1+”, by validator JESUSisLORD, seeks to increase the LUNC on-chain tax to 1.5%, in […]
Japanese Regulators Warn OpenAI Against Data Collection
Japanese regulators have warned OpenAI about collecting sensitive data from users without permission and that it is prepared to take further action if there are additional concerns. Officials in Japan are tightening their position on artificial intelligence (AI) after the country’s privacy watchdog warned the parent company of ChatGPT about its data collection practices. The […]
Rosbank Tests Crypto Payments for International Transactions
Rosbank, one of Russia’s leading banks, has launched a pilot project for cross-border payments using cryptocurrencies, marking a significant step towards adopting digital currencies. The bank claims to be the first among systemically important banks to offer such services to facilitate secure and efficient international transactions. To make cryptocurrency payments, companies or individuals must enter […]