Billionaire Elon Musk has faced serious allegations of manipulating the price of Dogecoin, a popular cryptocurrency. Investors have accused Musk of artificially inflating Dogecoin’s price by an astounding 36,000% over two years and then allowing it to crash, resulting in substantial losses for individuals who invested in the digital currency. Allegations of Insider Trading One of the key allegations against Elon Musk is insider trading. According to the lawsuits, Musk is accused of using his…
COMBO and Polyhedra Network, two leading Web3 gaming companies, have announced a strategic partnership to enhance the overall web3 gaming experience using zero-knowledge proof (ZKP) technology. The partnership will focus on three key areas: Interoperability: COMBO and Polyhedra will work together to develop a cross-chain interoperability protocol that will allow users to seamlessly transfer assets and data between different blockchain networks. This will make it easier for players to access their favorite games and earn rewards…
Atomic Wallet, a popular cryptocurrency wallet provider, has recently reported cases of compromised wallets and has launched an extensive investigation to determine the cause. The company suspects a possible supply chain attack due to a recent major version update. In recent developments, Atomic Wallet has received numerous reports from users regarding compromised wallets. Concerned about the security of their funds, users have reached out to the company seeking clarification and assistance. Atomic Wallet promptly acknowledged…
The cryptocurrency community has been hit with the news of the tragic demise of Dr. John Forsyth, a prominent figure in the crypto space and an emergency room doctor. Dr. Forsyth, known for his contributions to the world of digital currencies, was found dead on May 30th, with a gunshot wound [1][2][3][4]. This incident has sent shockwaves through the industry, leaving many wondering about the circumstances surrounding his death and the potential implications for the…
ARKHAM reported that, Celsius Network, is taking a significant step by staking all of its current Ethereum (ETH) holdings. In the last 24 hours alone, the company has staked more than $600 million worth of ETH, and the rate of deposits shows no signs of slowing down. When Lido, a popular protocol, allowed withdrawals in mid-May, Celsius’s address stood out as the largest withdrawer. During that period, they withdrew a staggering amount of over 400,000…
Binance, the world’s largest cryptocurrency exchange, has announced plans to implement the Lightning Network, a second-layer scaling solution for Bitcoin. The Lightning Network allows for faster and cheaper Bitcoin transactions by routing payments off the main Bitcoin blockchain. In a recent AMA, Binance CEO Changpeng Zhao (CZ) said that the exchange is working on implementing the Lightning Network and that it could be rolled out in the near future. CZ said that the Lightning Network…
