Top Stories This Week Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange
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Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s network activity. The percentage of gas consumed by DeFi protocols has dropped
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Attorney John Deaton, known for his pro-XRP stance, has disclosed that the SEC’s Ethics Office did not approve William Hinman’s controversial speech. The former director of SEC’s Corporation Finance, Hinman, made remarks in 2018 classifying Bitcoin and Ethereum as non-securities but failing to mention XRP. Deaton recently shared a document that shed light on the
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Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements. On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at
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One of Europe’s largest telecommunications companies uses its infrastructure to explore new revenue streams and boost network security as a validator for blockchain protocols. Germany’s Deutsche Telekom is set to become a validator for Ethereum layer-2 scaling platform Polygon, becoming one of 100 validators providing staking and validation services for the network and Polygon’s Supernets
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The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no
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