Plaintiff alleges “deceptive ad campaign” cost Coinbase users millions of dollars. A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff,…
Kategorie: Crypto Flash News
Former BitGo employee will help deploy Andreessen Horowitz’s $2.2B crypto fund
Arianna Simpson has been a general partner at the venture capital firm for more than a year as a16z led several high-profile raises for crypto and blockchain companies. Major venture capital firm Andreessen Horowitz will be promoting a former employee…
Robinhood warns a crypto revenue drop is coming amid IPO filing
According to the trading app, it expects its Q3 2021 revenue to be lower as a result of increased crypto trading in the first quarter, driven in part by Dogecoin. Stock and cryptocurrency trading app Robinhood is expecting its quarterly…
Bitcoin price dives below $31K after lowest weekly close in 8 months
It’s doom and gloom for Bitcoin a day after the feared Grayscale unlocking event, with altcoins performing even worse. Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp).…
Arsenal FC to launch AFC Fan Token on Socios
Socios will become the digital meeting place for “Gooners,” the term used since the 1980s to describe Arsenal fans. English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability…
China is pumping money out of the US with Bitcoin
Chinese authorities seem to be putting things in order rather than declaring war on crypto, aiming to further weaken the U.S. economy. The ongoing United States-China trade war is in its fourth year. Former U.S. President Donald Trump saw different…
Axie Infinity (AXS) axes almost half its value following 971% bull run
The governance token earlier rallied exponentially despite dull price actions in the broader cryptocurrency market. A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion.…
Indian regulator probes crypto exchange for alleged forex law violations
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land. Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as…
Grayscale sets sights on institutional DeFi fund
Grayscale Investments is set to float a fund targeting blue-chip assets in the decentralized finance space. Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets.…
Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining
The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency. Last week, Cointelegraph reported on the seizure of 3,800 PlayStation consoles allegedly being used to mine cryptocurrency. The confiscated gaming…