Rapper 50 Cent claims X account was hacked, leads to $300M rug pull

It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more harbinger-of-doom-esque than the next. To be fair, things are going badly. Crashed, collapsed, erased, plunged, obliterated and imploded are the…

Facebook could withdraw from the Libra Association — the governing body of the eponymous stablecoin project — should it launch without approval from regulators in the United States. Libra could lose its primary memberIn a Congressional hearing on Oct. 23, Facebook CEO and founder Mark Zuckerberg reiterated the company’s commitment to not launch its planned cryptocurrency…

The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present. 334 Total views 1 Total shares Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present.According to reports from the courtroom on Oct. 26, SBF’s

Japanese finance regulator the Financial Services Agency (FSA) no longer wishes to describe Bitcoin (BTC) as a virtual currency, Cointelegraph Japan reported on April 8, quoting minutes of a meeting originally held on March 4.During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita…

Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token.Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance…

Hundreds of surveyed women ranked their attraction to male hobbies, and crypto polled laughably low on the “attractive” meter.

The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing. 725 Total views 11 Total shares The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s…

XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed? 4227 Total views 22 Total shares XRP holders couldn't have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14. In addition…

Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30.Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and…