On Thursday, a federal judge dismissed a class action lawsuit accusing Tesla and its CEO, Elon Musk, of market manipulation through public praise of Dogecoin. The plaintiffs, representing investors who claimed to have lost money due to Musk’s comments on social media in recent years, had sought $86 billion in damages, with a request for triple damages, bringing the total…
The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s CEO Stabbed During Fraud Trial The CEO […] Source: https://news.bitcoin.com/crypto-firms-ceo-stabbed-in-court-during-fraud-trial-in-seoul/
Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in advance of Durov’s arrest or presence in France. […] Source: https://news.bitcoin.com/durov-unaware-of-french-arrest-warrant-macron-denies-knowledge-of-durovs-visit/
A US District Court Judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions. Source: https://cointelegraph.com/news/elon-musk-tesla-win-dismissal-of-258-b-dogecoin-manipulation-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that […] Source: https://news.bitcoin.com/binance-ceo-addresses-allegations-of-the-exchange-seizing-all-palestinian-funds/
The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has made a deal with top AI developers OpenAI and Anthropic to establish formal collaboration with the U.S. AI Safety Institute (AISI), the agency said on Thursday. The institute would “receive access to major new models from each company prior to and following their public release,” according to…
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners. Source: https://cointelegraph.com/news/bitcoin-hashrate-contracts-could-offset-skyrocketing-mining-costs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Russian government has warned France that pursuing criminal charges against Pavel Durov, the founder of Telegram, could be considered “political persecution.” Durov, a Russian-born French citizen, was detained in Paris for allegedly failing to control illegal content on the messaging platform. He was released on bail but must stay in France and report regularly […] Source: https://news.bitcoin.com/russia-warns-france-against-political-moves-in-telegram-ceo-pavel-durov-case/
The Bitcoin Power Law Theory relies purely on mathematics. It doesn’t account for the human nature of how Bitcoin is traded. Source: https://cointelegraph.com/news/time-to-ditch-bitcoin-power-law-theory?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Keyboard Cat creator Charlie Schmidt recently united two meme coins under the same banner: a licensing agreement for leveraging the likeness of his famous musical cat. The artist posted a 54-second clip of his cat Fatso playing the piano online 17 years ago. Since then, the video has become enshrined in internet culture, netting 77 million YouTube views and inspiring…
