A group of Dogecoin (DOGE) investors has requested leave to amend a class-action lawsuit against soon-to-be former CEO of Twitter Elon Musk, alleging he manipulated the price of the meme token. In a May 31 filing in the United States District Court for the Southern District of New York, the investors claimed Musk used his…
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Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions. The National Bank of Georgia plans to launch mandatory supervision of virtual asset service providers (VASP) starting Sept. 1, 2023. NBG’s acting governor Archil Mestvirishvili said that the new regulatory measures will…
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Most crypto investors probably aren’t thinking about divorce or what will happen to their digital assets in the event of separation, but lawyers say it’s becoming a very common scenario as more people hold crypto assets. Last year, market research firm GWI suggested that as much as 10.2% of global internet users aged 16 to…
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BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on Solana’s fine art marketplace has broadened her tastes. Exchange.art head curator Haley Karren (Supplied) “I have…
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A senator in Italy spoke before members of the Italian parliament with, unbeknownst to parliament members, a speech entirely composed by artificial intelligence (AI). In the parliamentary meeting on May 31, Italian senator Marco Lombardo pulled the stunt with the intention of sparking a “serious debate” among his colleagues on what’s at stake and in-store…
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The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies. But that doesn’t mean the question of U.S. crypto taxation…
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The Tether (USDT) stablecoin has hit a new all-time-high (ATH) market capitalization of over $83 billion as its market dominance continues. The new ATH market cap for USDT comes in a year when other stablecoin issuers struggle to stay afloat due to regulatory woes. The same was pointed out by cryptocurrency exchange Binance’s CEO Changpeng…
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Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its…
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While many beginners base their trades on the negativity brought about by devastating events happening in the crypto space, experienced traders base their decisions on different factors, helping them come out on top — even in a bear market. Speaking with Cointelegraph, Dan Tapiero, founder of growth equity funds 10T Holdings and 1RoundTable Partners, shared…
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The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS). The announcement comes after Crypto.com received its in-principle approval from MAS in June 2022. With the MPI license, Crypto.com is now authorized…
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