CRYPTOCURRENCY
First District Court Hears Cases Against 18 Defendants in Social Media Ramp-and-Dump Scandal
The First District Court has initiated hearings for 18 defendants involved in three social media ramp-and-dump cases, according to the SFC.
Three Ramp-and-Dump Cases Transferred to District Court
Three sophisticated ramp-and-dump cases have been transferred to the District Court, according to the Securities and Futures Commission (SFC).
CertiK: Crypto Social Media Scams Surge
CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.
Vitalik Buterin Moves 999 ETH Following Depositing 1,602 ETH to Bitstamp and MKR Dump
Ethereum co-founder Vitalik Buterin has significantly influenced the crypto space by transferring 999 ETH to a different address and depositing it to Bitstamp, with the latest transaction valued at $1.63 million.
WSB Token Team Member Allegedly Dumps Coins
A team member of the WSB Coin token project, which claims to be the official memecoin of Wall Street Bets, has allegedly dumped a large portion of the coins just days after its launch. The on-chain data showed that the moderator, zjz.eth, sold WSB coins worth around $635,000, resulting in a massive drop in the token's price. The incident has raised concerns among the community members, who warned others not to buy the dip as the moderators still have access to 10% of the total supply.
Nassim Taleb “Black Swan” Author and Famous Investor Is Getting Rid of His Bitcoin
Nassim Nicholas Taleb, the author of “Black Swam,” has changed tune on Bitcoin. The famous investor has revealed that he is dumping his Bitcoin because of what he said that the digital currency does not store value.
Ripple’s XRP Crashes Following Pump and Dump Scheme Coordinated by Telegram Group
Ripple’s XRP has crashed following its temporary ascent to $0.74 yesterday.
WallStreetBets and Telegram Group Plan Coordinated Buying Attack on Ripple's XRP For February
WallStreetBets (WSB) along with a Telegram group are apparently planning a new coordinated attack on XRP which is set to be executed around 8:20EST.
Barstool Sports Founder Dave Portnoy to Dump Bitcoin and Chainlink (LINK) After $25,000 Loss
Dave Portnoy announced that he is done with cryptocurrency and Bitcoin after undergoing a loss of $25,000 due to market crash.
Bitcoin Crowned ‘Most Viewed Asset in the US’ Last Month, Along with Tesla Stock
This week, Bitcoin surged in the market again, recording new highs that have not been seen of the digital asset since June of last year.