The Securities and Exchange Commission (SEC) has approached the court, seeking an order compelling the Terraform Labs, and its co-founder and CEO, Do Kwon, to produce required documents and issue a testimony for the SEC’s former investigative subpoenas regarding the company’s Mirroring feature.
According to the Russian news outlet Forklog report, a total of 750 BTC, worth around $48 million at the time of writing, has been withdrawn from one of the wallets used by the crypto Ponzi scheme Finiko. Youtube blogger Andrey Alistarov first revealed the news about the transfer, revealing that it was made in three separate transactions of 250 BTC each since the beginning of November.
After hitting its all-time high of $69,000 earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has been moving sideways. As of press time, Bitcoin is trading 1.75% down at a price of $63,823 with a market cap of 1.203 trillion.
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks.
With all the meme coins coming out, if you’re looking to make short term profit it’s undoubtedly hard to decide which token to buy. In this article, I will go over 5 meme coin projects that are worth keeping tabs on that have a high potential of 2x or even 10x in the next week.
Fantom (FTM) has gained almost 7,000% since the start of this year — that’s even more than the popular crypto Dogecoin (DOGE). Even though it’s currently trading in the red zone ($2.54, 4% correction), Fantom’s YTD price is still up as investors pile into various Ethereum (ETH) alternatives.
The popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is being listed on the retail-friendly platform of Indian cryptocurrency trading platform CoinDCX. Until now, SHIB was available in the platform in trade-only mode on the professionally-oriented CoinDCX Pro.
The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem.