The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Why is Shiba Inu price up today?
The price of Shiba Inu (SHIB) is up today amid a broader crypto market upswing and a supportive fundamental factor.
What's driving SHIB's price upward?
On Aug. 9, the SHIB price jumped nearly 5.75% to $0.00001005, continuing a rebound trend that started two days ago. Overall, the price has reversed approximately 15% from its recent low of $0.0000947.
SHIB/USD daily price chart. Source: TradingViewA huge chunk of these gains came on Aug. 8, when BitPay, a crypto payment processing company, announced "Bill Pay," a new service that enables cryptocurrency users to pay bills directly from their wallet.
Shiba Inu is one of the many listed tokens in the service, which may have boosted its upside prospects among traders on Aug. 9. In addition, the token may have rallied under the influence of the cryptocurrency market's overall gains, led by hopes about a spot Bitcoin ETF approval in the U.S.
Bitcoin (BTC) has jumped nearly 4.25% from its recent market low of around $28,650, driving altcoins higher alongside.
How to become a ‘Blockchain Radical,’ according to podcaster Joshua Dávila
Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left.
Binance faces calls for ban by Nigerian Bureau De Change association
Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.
Binance faces calls for ban by Nigerian Bureau De Change association
Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.
Canadian police reported using Chainalysis Reactor to trace crypto crimes
Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
Identity checks on crypto exchanges at risk as AI deepfakes evolve
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in just two minutes.
Bitcoin hits $30.2K August high amid warning longs 'chasing' BTC price
Bitcoin traders ramp up bullish prognoses as BTC price faces down key resistance — can bulls stay the course?
South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money
The vice president of the crypto exchange will also be put on trial but without preliminary detention.
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain.
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain.
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds.
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.
An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy entities” allowing FTX co-founder Sam Bankman-Fried and other executives to adopt “creative but illegal strategies” to perpetuate fraud.
The suit claims Fenwick & West provided services to FTX that “went well beyond those a law firm should and usually does provide” such as structuring acquisitions by FTX US in ways that circumvented regulatory scrutiny and supplying staff to execute strategies the law firm proposed.
The “shadowy entities” were named as North Dimension and North Wireless Dimension which the suit alleged siphoned misappropriated FTX customer funds.
Highlighted excerpt from the class complaint against Fenwick & West. Source: CourtListenerThe plaintiffs said Fenwick & West aided and abetted FTX’s alleged fraud by choosing not to intervene in a series of misrepresentations supposedly made by FTX to its customers.
Blockchain Capital’s X account hacked promoting token claim scam
12 Total views
Listen to article
News
The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim.
On Aug. 9, Blockchain Capital's account made multiple posts promising a giveaway of "BCAP" tokens and directed users to a copycat website that emulates the appearance of the VC firm's original.
Scammers posting a link to a fake Blockchain Capital website under the guise of a token claim. Source: XThe copycat website — which includes an additonal "n" in the URL — directs users to connect their crypto wallet, a common tactic used by phishing scammers in order to drain user funds.
The scammers tactically turned off the comments section in an attempt to prevent others from warning of the possible scam.
Blockchain Capital’s X account hacked promoting token claim scam
The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet.
BlackRock insiders say Bitcoin ETF is likely 6 months away: Novogratz
“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders.
US Fed steps up oversight of banks' involvement with crypto firms
The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January.
Bitstamp to suspend trading of major altcoins for US users
All the soon-to-be suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
It's unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried's trial in October.
Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial
Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge.