• Media,  People

    Kim Kardashian and Floyd Mayweather Are Being Sued for Advertising a Crypto Token

    Boxing legend Floyd Mayweather and Reality TV star and model Kim Kardashian are under fire after promoting an alleged “pump and dump” scam

    The controversy Kim Kardashian, Floyd Mayweather, basketball player Paul Pierce are all under fire for using their platforms to promote the EthereumMax (EMAX) token. As stated in the class action complaint “This case arises from a scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with EthereumMax (the EMAX Tokens) to unsuspecting investors.” The case essentially states that the defendants used their own influence as celebrities to artificially inflate the price of the token. From there, investors bought EMAX tokens at an inflated price. After this, supposedly the defendants involved then went and sold off their shares of the token, made a…

  • Bitcoin,  Cryptocurrencies,  Media,  People

    Weekly Bitcoin Review

    Elon Musk as Time’s Person of the Year, Indian PM’s Twitter hacked, and will Bitcoin see a price of $40,000?

    Here is our latest weekly Bitcoin review. The leading cryptocurrency in market cap continues to generate headlines. Narenda Modi, Indian PM’s Twitter hacked On Sunday, Narenda Modi, current Prime Minister of India, tweeted “India has officially adopted Bitcoin as a legal tender.” The tweet then proceeds to say that India has bought 500 BTC and will distribute them to all citizens. A very suspicious looking link follows at the end. PMO India, the official twitter of the Prime Minister’s office, had to issue a warning. With the recovery of his account, the tweet is no longer available for viewing on Modi’s Twitter. This tweet comes after several months of news…

  • Alt coins,  Commentary,  Cryptocurrencies,  Media

    There’s No Way to Predict The Future of Dog Coins

    Traditional Market Rules Do Not Apply

    In the beginning of 2021, Dogecoin was worth far less than a penny. Right now it sits around a comfortable $0.28. Not too bad for a token named after a dog meme. The coin has gone as high as $.74, but that was because of social media hype generated by Elon Musk among others, and the price quickly diminished. Many financial experts and investors who have made massive fortunes trading stocks, options, and futures in the past have denounced cryptocurrency as a whole many times. In May of 2021, Andrew Bailey, the Bank of England Governor, warned that people who invest money in Crypto risk losing it all. Since then,…

  • Binance sues Forbes
    Cryptocurrencies,  Media,  Regulation

    Binance sues Forbes, journalists over allegations of deceiving U.S. regulators

    The largest cryptocurrency exchange took issue with an article saying Binance.US was set up to enable it to avoid American anti-money-laundering laws

    The story in question, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators,” claimed that Binance set up American crypto exchange Binance.US as a way to “intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.”