Justin Sun, the controversial crypto entrepreneur and founder of Tron, is facing a lawsuit from the US Securities and Exchange Commission (SEC) for allegedly paying celebrities to promote Tron’s TRX and BitTorrent (BTT) tokens without disclosing that they were paid. The SEC also alleges that Sun directed his employees to conduct more than 60,000 wash trades to create the appearance of high trading volume in the TRX token. The SEC has charged Sun with violating antifraud and market manipulation provisions of the federal securities laws. Eight celebrities, including Jake Paul and Lindsay Lohan ..read more

Bitcoin’s on-chain and technical metrics are pointing towards a bullish trend, with the cryptocurrency’s price holding above $28,000 following the US Federal Reserve’s policy meeting on Wednesday. Despite initially selling off, Bitcoin was able to recover on Thursday as narratives around its safe-haven status and the Fed’s dovish pivot enticed bullish investors to buy the dip. A suite of on-chain and technical indicators, tracked by crypto data analytics firm Glassnode’s “Recovering from a Bitcoin Bear” dashboard, suggest that Bitcoin is in the early stages of a new bull market. Seven out of e ..read more

Do Kwon, the founder of Terraform Labs, is facing both civil and criminal charges in the United States, as well as an investigation in South Korea, after allegedly deceiving investors and manipulating the market to ensure the stability of UST’s price. The latest development comes as federal prosecutors in New York filed fraud charges against Kwon, just hours after he was arrested by police in Montenegro for carrying falsified documents. The charges against him include conspiracy to defraud, commodities fraud, securities fraud, wire fraud, and conspiracy to engage in market manipulation. The U ..read more

Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark […] The post Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend first appeared on LatestCrypto.News ..read more

Crypto holders can’t wait to see the end of May, a month that has brought nothing but losses. And while it’s too soon to say whether the worst is over—Bitcoin is below $30,000 right now and could go lower—it feels like the industry will come through the downturn just fine. So long as the Ethereum […] The post Ethereum's Merge is Coming and the Stakes Couldn't Be Higher first appeared on LatestCrypto.News ..read more

Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness. There is an elephant in the room, though: NFTs are difficult to […] The post NFT 2.0: The next generation of NFTs will be streamlined and trustworthy first appeared on LatestCrypto.News ..read more

JPMorgan Chase said in this week’s research note that the crypto slide under fair value provides an opportunity for “significant upside” for investors. Sponsored Sponsored On Friday, Bitcoin remained under the crucial level of $30,000 and was hovering close to $28,800. In addition, the king coin was down almost 5% in the past week as […] The post As Bitcoin Remains Under $30,000, JP Morgan Anticipates Significant ‘Upside’ first appeared on LatestCrypto.News ..read more

Summary: Elon Musk has stated via Twitter that Tesla will now start accepting Dogecoin (DOGE) as a payment option for its merchandise. Elon Musk also announced that SpaceX would soon start accepting Dogecoin for its merchandise purchases. The announcement has elicited excitement from the crypto community, as well as suggestions such as Tesla accepting Dogecoin […] The post Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise first appeared on LatestCrypto.News ..read more

A panel at the Oslo Freedom Forum discussed this question earlier this week. Namcios, a Bitcoin researcher and writer for Bitcoin Magazine, wrote a thread about it. He thought that the panel gave one of the best explanations of the value of proof of work ever. However, the thread has only quotes. We will mention […] The post Should Bitcoin Move From Proof-of-Work to Proof-of-Stake? first appeared on LatestCrypto.News ..read more

? Want to work with us? CryptoSlate is hiring for a handful of positions! Algorand, a Proof-of-Stake (PoS) blockchain protocol, has invested an undisclosed amount in FlexID to expand its Self Sovereign Identity (SSI) platform, according to an announcement. FlexID is a digital identity platform that aims to avail its decentralized digital identity network in […] The post Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs first appeared on LatestCrypto.News ..read more