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Lawyers claimed the superstar was âhiding and driving away from our process servers for the past three months." Legendary basketballer Shaquille O'Neal has finally been served in a class-action lawsuit against FTX founder Sam Bankman-Fried, a law firm for the plaintiffstweetedon Sunday. "Plaintiffs in the billion $ FTX class action case just served@SHAQoutside his house,"the Moskowitz law firm tweeted. "His...
Validators looking to fully exit the chain could be looking at a wait of up to 14 days to get their crypto back, according to Rated Network's explorer. So many Ethereum validators have put in requests to unstake ether (ETH) from the blockchain following WednesdayâsShanghai upgradethat the queue to get the cryptocurrency out has backed up to two weeks. In...
The bitcoin price rose nearly 1.5% to $30,430 in the minutes following the better-than-expected news. The latest inflation data was released on Wednesday (Getty Images) The U.S. Consumer Price Index (CPI) rose 0.1% in March, down from 0.4% a month previously, and slower than economist forecasts for 0.2%, according to the Bureau of Labor Statistics (BLS). On a year-over-year basis,...
The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them. (carterdayne/GettyImages) Decentralized finance (DeFi) is entering regulatorsâ crosshairs, but they donât seem to be intent on taking it out â yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of...
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGeckodata, Bitcoin has slightly surpassed $30,000 and is at nearly $30,200 at the time...
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to âcome up with some numbers? Idk.â Former FTX US President Brett Harrison. (Danny Nelson) A new report from the failed crypto exchange FTXâs current leadership says that former FTX US President Brett Harrisonresigned last Septemberpartly...
Twitter's temporary logo (Twitter) Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency's mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. (CoinDesk) DOGEsurged as high as 10.5 cents on April 3after Elon Musk's social-media company inexplicably shifted to using dogecoin's Shiba...
The 1 million instantly withdrawable ether has become a point of concern for the market. Ethereumâs backward-incompatible Shapella hard fork or Shanghai upgrade, slated to happen in eight days, will let users withdraw their "staked ether." Thelingering fearin the market is that the impending unlocking of ETH deposited in the network to boost security in return for rewards will see...
The funding came from DWF Labs, its eighth investment of $10 million or more in the last six weeks. (Elena Mozhvilo/Unsplash) Alchemy Pay, a payments provider based in Singapore, has received $10 million in investment from market maker DWF Labs at a $400 million valuation as it eyes expanding its business in South Korea. The company, which provides a way...
(Getty Images) Sushi Swap Head Chef Jared Grey is no longer feeling "inspired" after a wave of regulatory crackdowns on crypto exchanges, including the decentralized exchange (DEX) he manages, has put immense pressure on the crypto industry, according to comments he made during the protocol's ask-me-anything call on Thursday. Grey spoke candidly about his feelings toward U.S. regulators and the...
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