The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…
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Vitalik Buterin: Musk Could Be “Great” Or “Terrible” For Twitter
More Twitter Inc. competitors may emerge as a result of efforts to improve the social media experience, according to Vitalik Buterin, co-founder of the Ethereum blockchain. A New Twitter In 5 Years? Speaking on Thursday at the Singapore FinTech Festival,…
Polygon Surges 10% After Instagram Integration Announcement
Instagram users will now be able to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media thanks to a new end-to-end toolbox from Meta. With a gain of over 10% to $0.95 as a result of…
Web 3 platform SWALLOW Brings Tattoos to the Metaverse
Enjinstarter, a blockchain-based game, and entertainment launchpad have officially launched SWALLOW, a Web3 platform. Coolest Tattoo Artists Now In the Metaverse The SWALLOW team published a press statement stating the initiative’s goal was to bring the tattoo community—including the best…
Mexican Businessman Launches Mall In Metaverse
Visits to retail malls in the metaverse provide a number of advantages. They can accommodate as many shops as the designers and builders can imagine, which is one advantage. This objective inspired a Mexican businessman to build Island Shopping Mall,…
Interpol: Metaverse Could Spark New Levels Of Cybercrime
Global police organization Interpol stated that it was ready for the possibility that online immersive environments, or the “metaverse,” could both invent new types of criminality and enable existing crime to be committed on a greater scale. According to Madan…
Vitalik Buterin Says Crypto Better Than Gold
Ethereum (ETH) co-founder Vitalik Buterin believes that crypto is a better asset to hold than gold, adding that it already has more adoption than a physical asset. Buterin made the comment in response to Zach Weinersmith’s remark that gold is…
UK Legislators Approve the Recognition Of Cryptos As Regulated Financial Instruments
On October 25, the British Parliament’s Chamber of Commons, which is the lower house, authorized the designation of crypto assets as regulated financial instruments. The proposed measure will include stablecoins in the current legal framework for assets with a payments-focused…
Dogecoin Rallies Ahead Of Musk Twitter Takeover
The popular meme coin Dogecoin [DOGE] experienced a large rally over the past 24 hours as the entire market corrected. The price of the Elon Musk-backed cryptocurrency has since risen on news that Elon Musk will finalize his takeover of…
Remittance Behemoth Western Union Plans to Enter the Crypto Market
According to trademark lawyer Mike Kondoudis, remittance behemoth Western Union, based in Denver, Colorado, has submitted many crypto-related trademark applications to the U.S. Patent and Trademark Office. Western Union May Launch Crypto Token According to the company’s trademark registrations, it…