A man says he’s lost his entire life savings and incurred extensive debt after falling for a fraudulent investment scheme featuring celebrity deepfakes. Kitchen builder Des Healey saw a fraudulent ad on Facebook featuring money-saving expert Martin Lewis and billionaire Elon Musk promoting a non-existent Bitcoin investment strategy, BBC reports. Healey replied to the ad […]
The post Man Loses £75,000 To Deepfake Elon Musk Investment Scheme: Report appeared first on The Daily Hodl.
Traders can now hedge exposure to memecoins including PEPE and FLOKI.
Crypto.com’s North American derivatives exchange, Nadex, has listed derivatives contracts tied to memecoins including PEPE and FLOKI, according to Oct. 7 filings with the United States Commodity Futures Trading Commission (CFTC).
Nadex has also listed derivatives products tied to Dogelon Mars (ELON) and BONK, according to the filings.
The combined market capitalization of the four memecoins underlying Nadex’s contracts is nearly $7 billion, according to CoinMarketCap.
The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024. The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities. Interest payments have already totaled $1.05 trillion as of August, and […]
The post US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’ appeared first on The Daily Hodl.
Weak tech corporate earnings, spot Bitcoin ETF inflows and the potential arrival of a new major investor drove Bitcoin price above $63,000.
Bitcoin (BTC) rose by 4.5% from June 28 to July 1, breaking the $63,000 resistance for the first time in a week. The prior decline was largely due to fears stirred by the German government’s BTC transactions with exchanges and worries about Mt. Gox creditors selling large amounts of Bitcoin during the bankruptcy proceedings. However, this bearish trend was reversed by three key factors, including the entry of a possible new major investor into the market.
On July 1, the German government moved 1,500 BTC, valued at $95 million, to various cryptocurrency exchanges, as reported by the onchain analytics firm Arkham Intelligence. On a similar note, the United States government transferred 1,184 BTC on June 30 from a wallet linked to previously confiscated funds. As of now, the German government possesses Bitcoin assets worth $2.8 billion, primarily acquired from a defunct movie piracy site closed in 2013.
These transactions fueled speculation that the selling pressure might persist, as the U.S. government’s wallet also holds Bitcoin valued at $13.4 billion, according to data from Arkham Intelligence. The most significant recent transaction by the U.S. government occurred on June 26, when it sent 3,940 BTC, worth $214 million at that time, to a Coinbase Prime account. These funds were confiscated from Banmeet Singh, a convicted drug trafficker, earlier in 2024.
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”
Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.
It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.
Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.
New data from crypto analytics firm Santiment shows that a Shiba Inu (SHIB) competitor is skyrocketing in one key metric relative to other altcoins. According to Santiment, Dogelon Mars (ELON) is soaring in terms of social metrics, significantly surpassing all other digital assets. T Santiment’s metric tracks mentions of cryptocurrencies on social media platforms in the […]
The post Shiba Inu (SHIB) Competitor Is the ‘Fastest Rising Asset in Crypto’ by Social Metric, Says Analytics Firm Santiment appeared first on The Daily Hodl.
New data from market intelligence platform IntoTheBlock reveals that over 80% of traders who have invested in a handful of memecoins are currently underwater. According to the crypto analytics firm, just 11% and 10% of traders who hold Dogecoin (DOGE) competitors Shiba Inu (SHIB) and Floki (FLOKI) are in the green while only 14% and […]
The post More Than 80% of the Holders of Shiba Inu and These Three Dogecoin Competitors Are Now Underwater: IntoTheBlock appeared first on The Daily Hodl.
A leading blockchain analytics firm says that a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater. According to IntoTheBlock, 81% of SHIB holders are sitting on losses, just 16% are profitable and 3% are breaking even. SHIB is trading for $0.00000851 at time of writing, down 90.1% from its all-time high […]
The post More Than 75% of Shiba Inu and Floki Investors Are Sitting on Losses: Crypto Analytics Firm IntoTheBlock appeared first on The Daily Hodl.
A pair of crypto whales just moved massive amounts of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as global markets respond to an additional rate hike from the Fed. According to on-chain data tracked by Whale Alert, an anonymous whale abruptly moved $195,231,414 in BTC from the exchange […]
The post Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence appeared first on The Daily Hodl.
Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”
Ethereum co-founder Vitalik Buterin’s latest salvo against “shitcoins” has ended up with him simply being sent more of it.
Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.
Buterin has since continued his war on apparent “shitcoins.” In a March 9 post on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r/Testingtesting62831 subreddit as “shitcoins” that have “no redeeming cultural or moral value, and will probably lose you most of the money you put into them.”
“I anti-endorse these projects to the greatest extent.”
BITE was one of the tokens Buterin sold in his shitcoin selling spree on March 7, selling 3.4 million BITE for around $9,250, according to PeckShield.
Buterin’s post was also likely prompted by the huge number of posts pushing the BITE token on the subreddit, which he created back in July 2020 and still moderates.
The post set him up for a wave of trolling, however, with other members of the subreddit doubling down on their shilling and creating a number of memes.
Buterin was even sent 250,000 BITE soon after making the post. The token doesn't appear to be listed on many mainstream crypto price tracking sites, but blockchain records show sales hover around $0.011 per token, making the 250,000 sent to Buterin worth approximately $2,750.
Meanwhile, several Twitter accounts claiming to be affiliated with the BITE token and its community have called the mention by Buterin “BULLISH.”
Related: Vitalik Buterin's philanthropic fund donates 15M USDC to UC San Diego
The Ethereum co-founder had gone on a shitcoin selling spree just two days prior, offloading some $700,000 worth of tokens that were airdropped to him and exchanging them for Ether (ETH).
Buterin initiated a similar offload in May 2021, selling tokens such as Shiba Inu (SHIB) and Dogelon Mars (ELON), causing their prices to tank by 40% and 90%, respectively.
