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The South Korean High Court has upheld the jail term of the son of the CEO of software giant Hancom after the latter was found guilty of creating a $6.7 million altcoin “slush fund.” Suwon District Court sentenced Kim Sang-cheol’s second son (first name withheld for legal reasons) to jail for three years in August…

The U.S. Supreme Court has cleared the way for a class-action lawsuit accusing Nvidia of misleading investors about its reliance on crypto mining. The decision came just weeks after the court heard Nvidia’s appeal and days after China announced an antitrust investigation into the chipmaker. Source: supremecourt.gov Crypto Crash Fallout: Nvidia Faces Investor Lawsuit Over…

As bullish US CPI data fuels Bitcoin price back above $100,000, the biggest Solana DEX Raydium is again in the spotlight after crushing Uniswap’s monthly trading volumes… again. Solana is the big story of 2024, having unlocked unhinged success amid the meme coin hysteria that has characterized the crypto market this year. Among Solana DEXs,…

With a substantial 4.81% uptick today, the Solana price appears to have moved past its recent consolidation, reaffirming bullish end-of-year projections for the altcoin. While even leading altcoins did not escape the liquidation event unscathed, Solana has proven to be among the most resilient, down just 2.38% for the week. Indeed, as trading volume dips…

PEPE has fallen by 7.5% in the past 24 hours, sliding to $0.0000236 as the crypto market drops by 1% today. The meme token had enjoyed a very strong 30 days, setting a new ATH of $0.00002803 only two days ago. So even with today’s loss it remains up by 13% in a week and…

Donald Trump, the U.S. President-elect, has reportedly set his sights on a staggering $150,000 Bitcoin price early in his presidency. According to an Axios report citing a transition insider, Trump considers Bitcoin a “stock market alternative” and plans to focus on its value as part of his broader economic strategy. This isn’t the first time…

MicroStrategy’s eligibility for inclusion in the Nasdaq 100 may depend on its sector classification under the Industry Classification Benchmark (ICB). In a recent social media post, Bloomberg Intelligence analyst James Seyffart noted that MicroStrategy could be reclassified as a financial stock due to its substantial Bitcoin holdings and financial engineering activities. Such a change would…

Bitcoin.com founder Roger Ver, widely known as “Bitcoin Jesus,” has criticized how Bitcoin (BTC) has been turned into a speculative asset. According to Ver, early hopes for the leading cryptocurrency as an alternative to fiat currency were undermined by a combination of intelligence agencies and institutional players. Bitcoin: From P2P Freedom to Financial Surveillance? In…

Bulls are back in control of the crypto market on Wednesday, with the Ethereum (ETH) price rallying over 4% back towards $3,800 in wake of the latest US inflation figures all but confirming that the US Federal Reserve will cut interest rates by another 25 bps later this month. Just In: November US CPI annual…

Kyrgyzstan has taken a significant step towards launching its central bank digital currency (CBDC), the digital som. In its first reading, the Parliament approved a draft law that establishes its framework and legal status. According to a report from Trend, the legislation was Initiated by the Cabinet of Ministers and is poised to set the…