Elon Musk, Tesla, and Spacex are being sued for $ 258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at […]
Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round
Chainalysis, a cryptocurrency security and blockchain auditing firm, has announced it has completed a new funding round for its operations. The company raised $ 170 million in its Series F funding round, which was led by GIC — the Government of Singapore Investment Corporation — and also had the participation of earlier investors. With this […]
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $ 200 billion range to $ 196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $ 592 billion in smart contract protocol tokens dropped in value by 3.5% over […]
Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits
According to a research report, $ 1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits Account for Lion’s Share of Stolen Crypto This Year 2022 is already […]
Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company
On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $ 54.20 per share in a transaction valued at $ 44 billion. After the transaction completes, Twitter will transition to a private company. Musk Acquires Social Media Platform Twitter — Aims to Enhance Free Speech and Unlock Twitter’s Potential Tesla’s […]
