A massive cryptocurrency scam in South Korea led to the arrest of 215 people, including a YouTuber who used his platform to promote fake investment schemes. The scam, which targeted over 15,000 investors, defrauded them of around $230 million by selling worthless crypto assets and making false promises of high returns.

Binance Founder CZ playfully mocks “Bitcoin is Dead” critics as Bitcoin hits a new all-time high, underscoring the cryptocurrency’s resilience and defying those who doubted its longevity.

Crypto miner Stronghold Digital has agreed to pay $4.75 million and 25 bitcoins to settle a class action lawsuit alleging that it exaggerated its bitcoin mining capacity during its 2021 IPO. According to court documents, the settlement was reached after a year of mediation and will be paid in installments of bitcoin over the next 24 months. The lawsuit was filed by the plaintiff in the Southern District Court of New York in April 2022. Under the proposed settlement, Stronghold and the underwriters (a group of investment banks responsible for Stronghold's 2021 IPO) agreed to pay compensation in cash and bitcoin after a year of mediation. The value of the bitcoin portion is approximately $2.2 million based on the current bitcoin price of $90,000. (Bloomberg)

Bitcoin retreated from its all-time high on Tuesday, but the pullback may be temporary, according to Zaye Capital Markets, a British research firm. The pullback could be seen as "highly positive" for Bitcoin, as many investors may use the pullback to buy Bitcoin, Zaye Chief Investment Officer Naeem Aslam said in a report. "The $100,000 price target is attracting a lot of attention, and we do think prices could reach that level before (U.S. President-elect Trump) Inauguration Day." Expectations of a more friendly cryptocurrency policy by the Trump administration have recently boosted Bitcoin and other cryptocurrencies. (Jinshi)

Bitget market data shows that BAN rose to 0.136 USDT and is currently trading at 0.126 USDT, with a 24-hour increase of 60.41%.

Bitcoin Pizza Day, celebrated on May 22, marks the first real-world Bitcoin transaction, when 10,000 BTC were exchanged for two pizzas in 2010. The post What Is Bitcoin Pizza Day? first appeared on Ecoinimist. source: https://ecoinimist.com/2024/11/13/bitcoin-pizza-day-explained/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-pizza-day-explained

The long-anticipated LINEA token comes as the next U.S. president is expected to usher in a more favorable regulatory environment for cryptocurrency. source: https://www.coindesk.com/tech/2024/11/13/ethereum-developer-consensys-plots-token-issuance-in-sign-of-trump-thaw/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

OKX market data shows that PNUT (Pnut) rose above 1 USDT and is currently trading at 1.014 USDT, with a 24-hour increase of 110.5%.

According to Foresight News, Stronghold Digital has agreed to a settlement involving a payment of $4.75 million and 25 bitcoins to resolve a class-action lawsuit. The lawsuit accused the company of overstating its bitcoin mining capabilities during its 2021 initial public offering (IPO). Court documents reveal that the settlement was reached after a year of mediation and will be paid in installments over the next 24 months. The lawsuit was filed in April 2022 by plaintiffs in the Southern District of New York. Under the proposed settlement agreement, Stronghold and its underwriters, a group of investment banks responsible for the company's 2021 IPO, agreed to the compensation in both cash and bitcoin. The bitcoin portion of the settlement is valued at approximately $2.2 million, based on the current bitcoin price of $90,000. This settlement marks a significant development in the legal proceedings surrounding Stronghold Digital's IPO, addressing the allegations of misrepresentation in its bitcoin mining capacity. The resolution aims to provide compensation to the affected parties while allowing Stronghold to move forward from the legal challenges associated with its public offering.

According to Foresight News, Stronghold Digital has agreed to a settlement involving a payment of $4.75 million and 25 bitcoins to resolve a class-action lawsuit. The lawsuit accused the company of overstating its bitcoin mining capabilities during its 2021 initial public offering (IPO). Court documents reveal that the settlement was reached after a year of mediation and will be paid in... source: https://www.binance.com/en/square/post/16177276769178?utm_source=BinanceNewsRSS

Metaplanet has adopted a Bitcoin investment strategy similar to MicroStrategy, significantly boosting its Bitcoin holdings. Metaplanet, a Japanese technology company, has implemented a novel investment strategy that emulates MicroStrategy’s approach to Bitcoin acquisitions. The company’s Bitcoin portfolio has nearly doubled in value since the beginning of the year as a result of this strategy.... source: https://coinscreed.com/microstrategys-lead-bitcoin-investment-strategy.html

Ripple and the SEC are both appealing parts of a recent ruling on XRP’s classification, with Ripple seeking clarity on security definitions.The article The SEC vs. Ripple lawsuit continues: an update was first published on Crypto Valley Journal. source: https://cryptovalleyjournal.com/focus/legal-and-compliance/the-sec-vs-ripple-lawsuit-continues-an-update/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=The+SEC+vs.+Ripple+lawsuit+continues%3A+an+update

The BRICS bloc has just announced the shocking announcement that it would be backing down on its fights against Dollar.

PayPal’s dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow transfers of PYUSD between the two networks.

President-elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the newly created D.O.G.E, focused on reducing bureaucracy, cutting costs, and streamlining government operations.

Meta has reduced the prices of its ad-free subscriptions for Facebook and Instagram in the EU by up to 40%, following regulatory pressure. It has also introduced a new "less personalised" ad option for users who prefer to access the platforms for free.

Overnight, BTC retreated from nearly $90,000 to $84k. BTC "collapsed" again. For more than a decade, BTC has been collapsing upwards, which really has a hint of the black humor of the US military's "backward attack" on the Korean Peninsula.

European and American stock markets fell significantly on Tuesday. U.S. stocks ended their previous winning streak. All three major indexes fell, and major European stock indexes fell across the board. The hot "Trump deal" in the past week has temporarily cooled down.

After much anticipation and endless speculations, Ethereum Foundation researcher Justin Drake has finally reveal his “Beam Chain”proposal to enhance Ethereum’s consensus layer.

Aleksandar Kuzmanovic is a professor of computer science at Northwestern University, where he has focused on computer network research.