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2022-06-03 02:43:14 The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.”

DOJ Indicts Former Opensea Product Manager
The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka Opensea), in its “first-ever digital asset insider trading scheme.” Chastain was arrested Wednesday morning in New York.

The Justice Department explained that from June to September 2021, the defendant allegedly used Opensea’s confidential information about what NFTs were going to be featured on its homepage “to secretly purchase dozens of NFTs shortly before they were featured.” The DOJ added:

After those NFTs were featured on...

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2022-06-03 00:56:05 PRESS RELEASE. 3 June, 2022 — Sydney, Australia: Play-and-Earn game The Red Village has announced $6.5M in seed funding from some of the world’s leading blockchain investors, including Animoca Brands and GameFi Ventures Fund, to create an immersive dark-fantasy ecosystem targeted at traditional gamers.

Animoca Brands is the global leader in gamification, blockchain, and metaverse projects, with a portfolio of more than 170 investments in NFT-related companies and decentralised projects that are contributing to building the open metaverse. These projects include The Sandbox, the world’s premier metaverse and Phantom Galaxies, the AAA-quality open-world science fiction shooter. Animoca Brands’ extensive network and industry expertise will help position The Red Village among the top blockchain proje...

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2022-06-03 00:56:05 According to trademark filings with the United States Patent and Trademark Office (USPTO), the American rapper Ye (commonly known as Kanye West) is getting into the world of non-fungible tokens (NFTs) and the metaverse. The record producer’s company Mascotte Holdings Inc. filed 17 trademarks, and parts of the trademark summaries describe digital collectibles like NFTs.

Kanye West: ‘Do Not Ask Me to Do a F***ing NFT … Ask Me Later’
On Wednesday, trademark attorney and founder of Gerben Intellectual Property, Josh Gerben, tweeted about rapper and musician Ye and his company Mascotte Holdings filing new trademarks. Gerben said: “Kanye West has filed 17 new trademark applications around his YEEZUS name....

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2022-06-02 22:38:59 The websites of several ministries of Belarus have allegedly been taken down in a new attack, part of the cyberwar Anonymous is waging to help Ukraine. The hacking group declared it’s targeting the Belarusian government for its complicity in the Russian invasion of the neighboring country.

Several Government Sites in Belarus Taken Offline by Anonymous
The websites of the Belarusian ministries of economy, education, and justice, as well as the online platform of the country’s National Center for Legal Information, have been hit by Anonymous, a Twitter account associated with the decentralized hacktivist collective announced.

According to a post recently published by Anonymous TV (@YourAnonTV), the attack is in response to the involvement of Belarus in support of Russia’s ongoing military assault on Ukraine. A few days ago, the authors of the tweet sta...

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2022-06-02 21:11:59 PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) will soon be listed at Pancakeswap on June 7th, 2022.

The development team defines the project as a centralized exchange that solely focuses on the listing and trading of memecoins, tokens with high growth potential and strong appeals among young adults. The famous resemblance is Dogecoin, which was a lazy copy of Bitcoin originally designed to be used for paying restaurant tips. The price of the token skyrocketed by 500x in only two years. However, behind the success of Dogecoin are many memecoins that got left behind....

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2022-06-02 21:11:57 Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman claims the document proves over 50 people “knew about the [network] halt before it happened.”

The “Terra Rebirth League” Discussion
On June 1, 2022, a whistleblower called “Fatman” (@fatmanterra) published a chat log that allegedly shows a discussion about Terra’s blockchain halt before it happened. Bitcoin.com News has reported on Fatman before, as the Twitter acc...

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2022-06-02 19:26:00 ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day.

Cosmos (ATOM)
ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5% lower.

Following a peak of $10.46 on hump-day, ATOM/USD slipped to an intraday low of $9.23 earlier in today’s session.

This move sees ATOM back to its long-term support level of $9.30, which has mainly been holding firm since May 12.

However, with pric...

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2022-06-01 18:53:49 During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the end of this month.

Cardano’s Slow and Steady Development Seems to Be Paying Off
The digital currency cardano (ADA) has been performing a lot better than most digital currencies in terms of market gains. For instance, while bitcoin (BTC) increase in value by 6.5% during the last week,...

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2022-06-01 18:53:43 Following yesterday’s gains, both bitcoin and ethereum consolidated on Wednesday, as bullish momentum eased. After rallying above $32,000, BTC moved marginally lower during the hump-day session, while ETH once again fell below $2,000.

Bitcoin
BTC was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday’s price surge.

Following a move to a nearly three-week peak of $32,249.86 on Tuesday, BTC/USD dropped to a bottom of $31,286.15 earlier today.

This drop comes as bitcoin bulls likely decided to liquidate positions, despite prices climbing over the recent resistance of $30,500.

Typically after such a breakout — especiall...

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2022-06-01 14:03:34 Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.”

Singapore’s Deputy Prime Minister Warns About Crypto
Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit. He said:

Retail investors, especially, should steer clear of cryptocurrencies. We cannot express this enough.

He brought up the collapse of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) to support his argument. Many investors...

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