Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts. In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion to serve” the NBA star, two process servers “tossed”…
Month: May 2023
While Bitcoin Fees Soar to Two-Year Highs, El Salvador Pays the Price
Bitcoin fees have hit a two-year high—and they’re continuing to climb fast. Data from Bitinfocharts shows that the current average price to make a transaction on the Bitcoin network stands at $31.14. The last time it was that high was back in April 2021 after they touched an all-time high of nearly $63 then dropped down again. Some even highlighted on…
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Financial Times Cryptocurrency and Digital Assets Summit in London. LIVE: Crypto and Digital Assets Summit Day 1. Tune in to hear leaders from across the industry debate the trends that are shaping the…
BRC-20 tokens surpass $1B market cap as wallet providers prepare integration
On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ordi, nals, VMPX, pepe, and meme, with price variance of between +11% and -55% within the past day. According to analysts at multi-chain wallet BitKeep, the…
5 ways AI is helping to improve customer service in e-commerce
Artificial intelligence (AI) has revolutionized the e-commerce industry in recent years. One of the most significant ways in which AI is impacting e-commerce is by transforming customer service. AI-powered customer service technologies are becoming more common, and they are helping to improve the customer experience in numerous ways. This article will discuss how AI improves customer service in e-commerce, with…
Former Coinbase product manager behind insider trading case sentenced to 2 years in prison
Ishan Wahi must surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey. Source: https://cointelegraph.com/app/public/index.php/news/former-coinbase-product-manager-behind-insider-trading-case-sentenced-to-24-months-in-prison
Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline – Market Updates Bitcoin News
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent meme tokens enduring losses within…
OKX just sent $60M in USDT, MASK token to Alameda Research
On May 9, crypto exchange OKX sent approximately $60 million worth of digital assets to wallets connected to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence. Screenshot showing transfers from OKX to Alameda Research wallets. Source: Arkham Intelligence. The funds were spread out among 16 separate transactions and included approximately 337.9 million Mask Network…
Pudgy Penguins Bucked the NFT Crash—Now It’s Raised $9 Million
Pudgy Penguins, an Ethereum NFT project that surged amid the 2021 bull run and then toppled into chaos, was purchased by a serial entrepreneur about a year ago and given a second life—right as the market collapsed. But the cartoon birds have persevered, and now the team has raised funding as its ambitions grow. Today, Pudgy Penguins announced that it…
Former Coinbase product manager behind insider trading case sentenced to 2 years in prison
Ishan Wahi must surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey. Source: https://cointelegraph.com/public/index.php/news/former-coinbase-product-manager-behind-insider-trading-case-sentenced-to-24-months-in-prison