Author: CoinVira
A pharmaceutical company is taking legal action against stablecoin provider Circle and is demanding a refund after its CEO mistakenly sent $1 million worth of USDC to the wrong wallet address. CelaCare filed a lawsuit in a Massachusetts district court this week alleging that the USDC was “irretrievably lost” when its CEO, Kenneth Yates, inputted the incorrect Ethereum wallet address. The USDC was transferred from CelaCare’s Coinbase account to a contract counterparty on July 3, 2024. The lawsuit states, “When Yates copied the destination address from a document provided by the counterparty, Yates’s computer mistakenly interpreted a ‘B’ as an…
Bitcoin continues its upward trend, reaching $60,000 as anticipation grows for a potential Federal Reserve interest rate cut next week. The rally in Bitcoin comes amidst speculation of a 25-50 basis point rate reduction, a move that could further boost BTC and other risk-on investments. Federal Reserve Chair Jerome Powell had hinted at a rate cut earlier this summer, suggesting that the central bank would consider lowering rates once inflation started moving back towards their 2% target. With U.S. inflation dropping to 2.5% this week, lower than expected, the stage is set for a potential rate cut announcement. The Federal…
In the fast-paced world of emerging technology, the landscape has drastically changed from what it was just five years ago. The whirlwind of innovation in decentralized finance, artificial intelligence, and blockchain technologies has reshaped our digital world at an astonishing rate. However, amidst this rapid progress, a new trend is starting to emerge – innovation fatigue. As we approach the end of 2024, it is evident that the once vibrant crypto market is now struggling to maintain momentum. Bitcoin, which briefly soared past $70,000 earlier in the year, has now dipped back to around $55,000. Similarly, NVIDIA, a prominent player…
The upcoming ABC presidential debate is set to feature a critical question on crypto regulation, thanks to the advocacy of the Chamber of Progress, a technology industry coalition supporting digital innovation. In a letter addressed to moderators Linsey Davis and David Muir, the organization emphasized the increasing significance of digital assets in the US economy and urged for transparency on the candidates’ positions. With over 18 million Americans currently involved in crypto trading and investment, the Chamber of Progress highlighted the urgency of addressing digital asset policy in the first debate between Vice President Kamala Harris and former President Donald…
The cryptocurrency market has seen a resurgence in momentum as the price of Bitcoin (BTC) retests its crucial resistance level of $60,000. With a 1.97% jump in the past day, the market is currently valued at $2.09 trillion. Top memecoins have also experienced a similar price action, breaking out of their significant resistance levels. This has left meme investors wondering about the short-term prospects of memecoins amidst increasing uncertainty. In this article, we will delve into the price action and potential monthly price targets of popular memecoins such as Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk. ### Dogecoin (DOGE) Dogecoin…
The Commodity Futures Trading Commission (CFTC) has teamed up with various federal and private organizations to tackle the rise of crypto scams known as “pig butchering,” as reported on Sept. 11. These scams have resulted in substantial financial losses due to the lack of awareness and understanding among consumers. The regulator’s new campaign aims to educate the public on how to recognize the warning signs and avoid falling victim to these fraudulent schemes. By partnering with groups such as the American Bankers Association Foundation, the SEC, and FINRA, the CFTC’s Office of Customer Outreach and Education (OCEO) will be delivering…
Cyber actors originating from North Korea have been identified by the FBI as engaging in sophisticated social engineering campaigns targeted at cryptocurrency operations. In a recent Public Service Announcement (PSA), the Bureau issued a warning to cryptocurrency, decentralized finance, and related businesses about the threat posed by hacking groups from the Democratic People’s Republic of Korea who are intent on stealing cryptocurrency through tailored and difficult-to-detect attacks. These malicious cyber actors conduct thorough reconnaissance and research to pinpoint their target victims, often delving into their social media presence, particularly on professional networking sites. By gathering information, the attackers construct intricate…
A recent development in the case of former FTX executive Ryan Salame has raised eyebrows, as a US judge has accused him of providing false testimony during his guilty plea last year. District Judge Lewis A. Kaplan expressed his concerns in court, suggesting that he may need to sanction Salame for his actions, although the specifics of this punishment were not disclosed. During the court proceedings, Judge Kaplan stated that Salame had misled him into accepting his guilty plea. The judge highlighted the fact that Salame had admitted to lying during his plea hearing, specifically regarding promises made by prosecutors…
The highly anticipated Catizen token is set to hit the market on September 20, 2024, marking a significant milestone for the TON gaming ecosystem. The launch of the CATI token will open up a world of opportunities for players and traders alike. Whether you are looking to engage in pre-launch trading or participate in the airdrop, this article provides all the essential details you need to know. Token Launch and Event Details The Catizen Token Generation Event (TGE) is expected to have a profound impact on the TON gaming sector. On September 20, the Catizen token (CATI) will be available…
Gamee, a well-known player in the mobile gaming industry, is making its mark in the blockchain gaming space with the launch of its new game, WatBird. This game serves as a bridge between casual gaming and blockchain technology, aiming to introduce gamers to the world of Web3 in a user-friendly way. WatBird’s main attraction is Wat Racer, a fast-paced runner game where players guide their WatBird through obstacles to earn “WatPoints.” By inviting friends to the game, players can earn more points to enhance their gameplay experience. With three million daily active users and four million wallets onboarded onto The…