The Securities and Exchange Commission (SEC) has accused SafeMoon, its creator Kyle Nagy, CEO John Karony, and CTO Thomas Smith of orchestrating a colossal fraudulent scheme. This scheme was executed through the unregistered sale of the crypto asset security, SafeMoon. The SEC’s complaint delineates how the defendants pledged to skyrocket the token’s price “Safely to the moon.” However, the reality was starkly contrasting. They eradicated billions in market capitalization, extracted crypto assets exceeding $200 million from the project, and diverted investor funds for personal extravagances. SafeMoon’s Value Halves as SEC Accuses Execs of Fraudulent Activities David Hirsch, Chief of the…
Author: Web3 Daily Press Staff
Prices are constantly changing in the cryptocurrency market. Whereas some projects are amassing more profits, others struggle to overturn losses. Even among profitable projects, some do better than others. DeeStream (DST) is one of the most talked about ICO’s to invest in right now. It is a new streaming coin, still in its presale stages, that analysts predict could be the next blue-chip crypto. Many investors are now considering adding DeeStream (DST) to their portfolios, including Polkadot (DOT) and Shiba Inu (SHIB) holders. Polkadot (DOT) is looking good Polkadot (DOT) has been flying in the recent bull run. With a…
Welcome to another edition of Crypto NFT Today! The past two weeks have been full of must-know events that’ll be defining points for the future of blockchain, cryptocurrency, and NFTs. With spot bitcoin ETFs breaking records, BitGo introducing Replace-By-Fee, and more, there’s lots of essential news you should know about. So, let’s dive in and see what’s happening! Spot Bitcoin ETFs Break Records Unprecedented investor interest surged into spot Bitcoin ETFs on Mar. 12, with inflows exceeding $1 billion in a single day, as reported by BitMEX Research. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting nearly $850 million…
From scalable solutions to meme-driven excitement, explore the rise of these tokens as crypto enthusiasts navigate the revitalized market with optimism.After witnessing a disheartening bear market between 2022 and 2023, the crypto market has finally rebounded, with prices soaring across the board. With positive sentiment all around and investor confidence restored, the inflow of investment has increased dramatically, impacting hundreds of cryptocurrencies. Crypto traders and enthusiasts are eager to participate in the crypto market and invest in tokens with high upside potential. This article delves into the characteristics and strengths of several promising altcoins, and takes a closer look at their…
Billionaire tech entrepreneur Elon Musk hasn’t forgotten about Dogecoin. During a visit to a Tesla plant near Berlin today, the world’s third richest person was asked if the electric car giant would accept the asset as payment for vehicles. In a video widely shared on Twitter, Musk said that it was something he’d like the tech company to do. “At some point, I think we should enable that,” Musk said. “Dogecoin to the moon.” He told the crowd in Germany that he started pumping the cryptocurrency after some “regular guys” at Tesla and SpaceX factories told him to support the…
CALIFORNIA CITY, CA / ACCESSWIRE / March 14, 2024 / Solana Beach, the dynamic and community-driven meme coin that made its debut on the Solana blockchain in late December, is making waves within the decentralized finance (DeFi) sphere. Today, the project is elated to announce the grand unveiling of “The 100 Million Dollar Beach Party,” a monumental celebration of its rapid success and burgeoning community.In the ever-evolving world of decentralized finance, Solana Beach has emerged as a beacon of innovation, propelled by a strong community and a narrative deeply rooted in the foundational story of Solana itself. Notably, Anatoly Yakovenko,…
Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Smart Contracts has added 3.07% to $21.42. InvestorsObserver is giving Chainlink a 31 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink! The Volatility Gauge analyzes meaning that one day won’t make or break its rank. LINK’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.Chainlink price is trading above resistance. With support near…
In the vibrant world of cryptocurrency, where the thrill of innovation meets the excitement of community engagement, a remarkable event has sparked widespread enthusiasm across the Solana (SOL) and Cardano (ADA) communities. This buzz centers around a jaw-dropping $888k giveaway competition, a monumental event that not only highlights the generous spirit of the crypto world but also serves as a significant touchstone for the rising star in the blockchain sphere, Option2Trade (O2T), an A.I-driven cryptocurrency that is quickly capturing the imagination of investors and enthusiasts alike. The Big Giveaway The $888k giveaway competition stands as a monumental event in the…
Bitcoin Cash receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving Bitcoin Cash a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bitcoin Cash! This news…
QCP Capital analysts explained the steady growth of BNB, the native token of the Binance cryptocurrency exchange. QCP Capital experts believe Binance has created an effective self-sustaining growth cycle for BNB with the help of Launchpool, a platform for launching an initial token offering among projects selected by the exchange. Thus, users of this product often reinvest farmed assets. “BNB, in particular, has managed to create a virtuous self-reinforcing cycle through its Launchpool as BNB stakes sell their hefty airdrops and buy even more BNB.” QCP Capital Experts explained that platform clients sell tokens received as part of the campaigns…