Tesla and Space X CEO Elon Musk is facing allegations of insider trading in a proposed class-action suit filed by a group of investors, claiming that Musk used a variety of methods, including Twitter posts, paid online influencers, and high-profile public appearances, to manipulate the value of the meme-inspired crypto Dogecoin ($DOGE). Investors in the class action lawsuit argue that […]

Popular meme-inspired cryptocurrency Floki Inu ($FLOKI) has recently announced that its users can now purchase products on AliExpress, one of the world’s leading e-commerce platforms, using the cryptocurrency. The integration has been facilitated through Shopping.io, a platform that allows consumers to make purchases with cryptocurrencies. This new feature enables users to browse and buy from a selection of over 100 […]

Dogecoin investors have accused Elon Musk of insider trading and manipulating the price of DOGE.  The investors have requested to amend the class action lawsuit filed against Musk last year to include the latest allegations.  The DOGE holders alleged that Musk used Twitter posts and his online influence to manipulate the meme token’s price.  Dogecoin investors have accused Elon Musk […]

In September 2021, thousands of deposit addresses from popular cryptocurrency exchange KuCoin sent tens of millions of dollars’ worth of Ethereum’s native token $ETH to a burn address, also known as a null address, for unclear reasons. The unusual event, which spanned over three days starting on September 7, involved over 3,500 transactions of Tether’s $USDT stablecoin and ETH, according […]

The meme-inspired cryptocurrency Dogecoin ($DOGE) has been noticeably lagging market-leading cryptocurrencies so far this year. A key chart indicator, the Bollinger bands, are now suggesting that there’s a looming price “storm” ahead for the memecoin. According to analysis conducted by popular cryptocurrency analyst Satoshi Club, the bandwidth of the Bollinger bands, which is determined by the difference between the bands, […]

The $XRP Ledger, the native network of the XRP token, has recently seen its second and third-largest address activity spikes of all time, in the span of just two days. The event could potentially signify upcoming substantial changes in the network’s market position. The number of addresses interacting with the network recently ballooned to an unprecedented 490,000, according to on-chain […]

The burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has recently surged by more than 8,000% as millions of tokens are moved to inaccessible wallets and effectively removed from circulation. According to SHIB burn tracking platform Shibburn, over the last 24-hour period a total of 50.18 million tokens were burned. The figure came through only two transactions that show […]

The total value locked on Cardano’s decentralized finance (DeFi) ecosystem has reached a new milestone after surpassing the 400 million $ADA milestone for a brief period, to now stand at around 399 million ADA. According to data from DeFi tracking and analytics service DeFiLlama, the total value locked on Cardano, represented in U.S. dollars, is now close to the $150 […]

Fintech firm Ripple is launching a platform tailored for central bank digital currencies (CBDCs). This unique platform, which is based on the $XRP Ledger, aims to empower central banks, governments, and financial institutions to create and manage their own digital currencies. Ripple’s novel CBDC platform equips these institutions with the ability to oversee the full life cycle of the CBDC, […]