Schlagwort: crypto business

• The UK High Court has granted Peter McCormack’s application for a World Freezing Order against Craig Wright’s assets.
• McCormack seeks to recover over £1.5 million ($1.9 million) in legal fees relating to Wright’s libel case against the podcaster.

The UK High Court has issued a World Freezing Order, or ‘WFO’ against assets of Craig Wright, the Australian computer scientist who sued entrepreneur and podcast host Peter McCormack in 2019.

In this case, the court has granted McCormack’s application for WFO against Wright, with the verdict set to see McCormack recover over £1.5 million ($1.9 million) in legal fees.

This is according to legal documents filed on Friday, July 5.

Wright sued McCormack for defamation, and lost

In 2019, Wright filed a libel case against McCormack accusing the podcaster of defamation over remarks that Wright was not Bitcoin creator Satoshi Nakamoto.

Wright lost that case in August 2022 and an appeal was dismissed on July 26, 2023. The UK Supreme Court also refused Wright’s appeal in December 2023.

In his judgment, Justice Mellor also noted the developments around the COPA Trial. In May 2024, the judge ruled that Craig Wright is not Satoshi Nakamoto nor the creator of Bitcoin. The ruling also clarified that Craig did not author the Bitcoin White Paper that ushered in the world’s largest digital asset.

Peter McCormack shared the latest verdict against Wright in this matter, noting that worldwide freezing order “in the sum of £1.548m” was to aid in the recovery of his legal fees.

The post UK High Court issues asset freeze order against Craig Wright appeared first on CoinJournal.

• Potential Solana rebound to $150 amid ETF hopes and growing meme coin ecosystem.
• Poodlana (POODL) is the expected new entrant in the Solana meme coins ecosystem.
• Poodlana (POODL), expected to launch on July 17, blends fashion with crypto, targeting elite and Asian markets.

Cryptocurrency investors are closely monitoring Solana (SOL) amidst a turbulent market landscape, eagerly anticipating potential bullish signals despite recent setbacks.

As the market navigates through fluctuations, Solana’s performance remains pivotal, especially with upcoming catalysts like the potential ETF approval and the emergence of new Solana-based meme coins, including the highly anticipated Poodlana (POODL).

Will Solana price reclaim $150 any time soon?

The price of Solana’s native token, SOL, has been on a rollercoaster ride, currently priced at approximately $123.46, marking a recent decline of 8.20% over the last 24 hours and a broader 30-day decrease of 28.79%.

Despite these challenges, optimistic sentiment persists fueled by speculative hopes surrounding a Solana ETF listing and the proliferation of Solana-based meme tokens.

The recent rejection at the $153 resistance level has brought Solana price closer to a critical support zone around $121.

Analysts suggest that maintaining this support could pave the way for Solana (SOL) to revisit higher price targets, potentially aiming for $200.

This optimism is bolstered by technical indicators showing bullish potential, including a positive MACD and SuperTrend buy signals.

Moreover, the possibility of a Solana ETF approval within the next year, driven by recent filings from VanEck and 21Shares, could significantly boost SOL’s market position.

The growing trend of Solana-based meme coins, such as the upcoming Poodlana (POODL), adds further intrigue. These coins leverage Solana’s robust ecosystem and growing community, potentially amplifying SOL’s market demand and liquidity, propelling its price towards its previous highs and beyond.

What is Poodlana (POODL)?

Poodlana (POODL) is a groundbreaking addition to the Solana meme coin ecosystem. It is designed as a meme coin that transcends traditional crypto stereotypes.

Positioned as “The Hermès of Crypto,” Poodlana aims to capture the imagination of sophisticated investors and trendsetters alike, blending digital currency with high fashion and exclusivity.

Poodlana (POODL) leverages the cultural fascination with poodles, particularly in Asian markets where these dogs are seen as symbols of luxury and style. In countries like Japan, Korea, and China, poodles are cherished as fashion accessories among the elite.

Drawing inspiration from this cultural phenomenon, Poodlana (POODL) positions itself not just as a digital asset but as a lifestyle choice, appealing to a demographic that values both novelty and cultural resonance.

Further, emphasizing exclusivity and prestige, Poodlana distinguishes itself from other meme coins by adopting a high-fashion persona. It markets itself as the token of choice for those who appreciate sophistication and trendsetting.

The branding strategy portrays Poodlana as a symbol of status within the crypto community, akin to owning a coveted piece from a luxury fashion house.

By aligning with influencers, fashion brands, and cultural icons, Poodlana aims to create a buzz that transcends traditional crypto marketing tactics. This approach not only attracts early adopters but also solidifies its position as a disruptor in the meme coin space.

POODL presale expected to only last 30 days

The eagerly anticipated Poodlana presale is set to launch on July 17th, 2024, and will span a concise 30-day period.

This limited-time offering aims to capitalize on early investor interest, with participants able to purchase POODL tokens using SOL, BNB, ETH, USDT, USDC, and fiat/card payments.

The presale strategy emphasizes exclusivity and rapid accessibility, ensuring that tokens are available for trading on decentralized exchanges (DEXs) within 60 minutes of the conclusion of the presale.

The presale will feature a progressive pricing model, incentivizing early adopters with favorable token rates. In the first stage, participants will be able to purchase POODL tokens at 0.02 per token, after which the price will progressively increase, culminating at 0.0539 in the last presale stage.

All POODL tokens will be fully unlocked from the outset, underscoring transparency and immediate liquidity for investors. This approach contrasts sharply with traditional crypto projects, where vesting periods and lock-up mechanisms often delay market access and hinder price discovery.

As the crypto community awaits the Poodlana presale, anticipation builds around its potential impact on the broader market sentiment towards Solana.

The strategic alignment of Poodlana’s launch with Solana’s ecosystem highlights synergistic opportunities, with the meme coin expected to leverage Solana’s scalability and transaction efficiency to attract a global audience.

The post Solana price prediction ahead of Poodlana (POODL) launch appeared first on CoinJournal.

• Sahil Arora raised $380,000 in the presale of IGGY token claiming it was Iggy Azalea’s official cryptocurrency.
• Funds from the presale wallet are being moved, with no tokens airdropped to investors.
• Investors demand refunds and accountability as IGGY token value drops by 98%.

Celebrity crypto promoter Sahil Arora has come under fire after allegedly taking $380,000 in presale funds for a token falsely claimed to be endorsed by Australian rapper Iggy Azalea. Despite promising an airdrop of the “IGGY” token, presale participants are still waiting to receive their tokens.

Recent transactions indicate Arora is moving funds out of the presale wallet, sparking outrage among investors who demand refunds and accountability.

The rise and fall of the IGGY token

In May, Sahil Arora, a well-known figure in the celebrity crypto coin space, launched a presale for a new token purportedly associated with Iggy Azalea.

Arora had previously found success with tokens linked to celebrities like Caitlyn Jenner and Rich the Kid, making his IGGY token presale an attractive investment for many.

The presale quickly amassed $380,000 as investors hoped to capitalize on the anticipated hype.

However, the excitement was short-lived. Iggy Azalea publicly denounced Arora and distanced herself from the token, launching her official cryptocurrency, MOTHER, on Pump.fun which saw substantial success with a $15 million market cap within 30 minutes.

In contrast, the IGGY token, which momentarily peaked at just under a $5 million market cap, lost its momentum and plummeted in value.

Iggy Azelea has pulled off a successful stealth memecoin launch 🤯

About 2.5 hours ago a token named $iggy launched, briefly spiked to $4-$5M then sold off.

At the same time a token named $MOTHER launched.

Iggy tweeted it out about 30 minutes ago & it has soared to a $15M mc pic.twitter.com/GexTU81rSZ

— TylerD 🧙‍♂️ (@Tyler_Did_It) May 29, 2024

Presale participants soon realized that they had not received their promised IGGY tokens.

Despite Arora’s claims that all presale buyers had been “taken care of,” multiple investors reported that they had not received any tokens or refunds.

Arora’s justification for moving funds between wallets as “shuffling” only added to the confusion and frustration among investors.

Token presale funds on the move: where’s the money going?

As the IGGY token controversy grew, attention shifted to the presale wallet’s activity.

Significant movements of Solana (SOL) began in early June, with transactions sending large amounts of SOL to various wallets and centralized exchanges.

On June 8, approximately 663 SOL (worth around $89,800) was transferred to a wallet, which then sent a similar amount to Binance, the largest cryptocurrency exchange globally.

Such transfers typically precede the conversion of crypto assets to fiat currency.

Further scrutiny revealed that over 2,296 SOL (around $311,000) had been moved from the presale wallet over the past month.

These transactions included transfers to intermediary wallets, centralized exchanges, and the launch of new tokens on Pump.fun, a platform that facilitates the creation of meme coins. Despite these activities, presale participants continued to wait for their IGGY tokens, leading to growing suspicions of fraud.

Investors’ frustrations is evident on social media, with many calling for Arora to face legal consequences. Some are even demanding his deportation from Dubai, where he is currently based.

The value of the IGGY token has since plummeted by nearly 98% from its all-time high, rendering it almost worthless. Meanwhile, Azalea’s official Mother Iggy (MOTHER) token has also dropped by 55% over the past month.

Sahil Arora is linked to several other celebrity token debacles

Interestingly, the IGGY token was not the first celebrity token to be launched by Sahil Arora. It seems he has been exploiting celebrities’ lack of experience with web3 by launching scam tokens backed by celebrities.

Earlier, Arora hacked American rapper “Rich the Kid’s” X account and launched and promoted a cryptocurrency dubbed “RICH” token.

Later on, Arora hijacked the account American media personality Caitlyn Jenner and launched a Solana-based meme coin dubbed JENNER on Pump.fun.

Other token rug pulls orchestrated by Arora include Zumi, doll, and $SOULJA.

The post Crypto promoter Sahil Arora faces backlash over fake Iggy Azalea token presale appeared first on CoinJournal.

• Notcoin and Helika, an AI-powered analytics firm, are using the Telegram Gaming Accelerator to help game developers create the next wave of Telegram games
• The first cohort of applications for the accelerator are set to open next week
• Notcoin is one mini app that uses basic gameplay by giving real crypto rewards during airdrops to its players

Telegram-based Notcoin has announced it’s launching an accelerator – in partnership with Helika, an AI-powered analytics firm – to boost the growing space of Telegram games.

Using The Open Network or TON blockchain, the Telegram Gaming Accelerator will help game developers lead the next wave of Telegram mini app games, according to Notcoin following an announcement on X. 

Backed by a $50m fund from Helika Accelerate, the pair “will help game studios, mobile apps, and indie developers to build great gaming experiences,” said Notcoin.

Coming off the back of the success of Telegram’s mini apps, Notcoin said on X that the social platform’s user base resulting from the mini apps had become the “new meta.”

The first cohort of applicants for the Telegram Gaming Accelerator is set to open next week.

Rapid growth

Notcoin, which was the first mini app to witness great success, takes an innovative approach to gameplay by including crypto rewards. 

Within weeks of launching, and following an airdrop, in June the NOT token passed the $2bn market capitalisation mark. Since then, and at the time of writing, it has settled around $1.2bn, with one token worth $0.01187.

The altcoin did experience a post-launch plunge of 53% dropping to around $0.006398 and triggering concerns among investors.

Other Telegram-based games that have seen similar success include Hamster Kombat and Catizen, both of which involve users pressing a button during the game. Both of these employ the use of basic gameplay with real crypto rewards through airdrops.

Telegram is diversifying

This latest move from Telegram highlights its intentions to branch out and mix up the number of games on the TON blockchain. By doing so, it hopes to attract a wider audience where they are rewarded through gameplay.

Partnering up with Helika is also a significant move from Notcoin. The AI analytics firm has already worked with gaming company Ubisoft and Bored Ape Yacht Club creator Yuga Labs to include crypto into gameplay.

The post Notcoin Set to Boost Telegram Crypto Gaming with a $50m Accelerator appeared first on CoinJournal.

• Bitcoin price dropped below $58,000 on Thursday, touching lows of $57,166.
• The nearly 5% decline came amid fresh sell-off pressure, with whales and government wallets selling BTC.

Bitcoin traded to under $58,000 on Thursday, decreasing nearly 5% in 24 hours amid massive sell-off pressure. According to CoinMarketCap, BTC price reached lows of $57,166 across major cryptocurrency exchanges.

While price has recovered to above $57,800, Bitcoin remains down 3.9% in the past 24 hours and 5.4% in the past week.

BTC plunges below $58k as sell-off intensifies

Per data shared by Spot On Chain, Bitcoin’s sharp price decline today has come amid huge selling pressure.

On-chain data shows massive BTC offloading by government-linked wallets and whales, which the analyst says are reasons likely behind the dump.

One of these is a whale who moved 3,500 BTC worth over $206 million to Binance, with this unidentified large holder’s wallet still holding 4,368 BTC currently valued around $256 million.

The German government, which has actively sold BTC in recent weeks, also transferred more Bitcoin to exchanges today. On-chain data shows 3,000 bitcoins moved today, with 1,300 BTC going to different CEX platforms.

Also notable is the 237 bitcoin transfer by the US government wallet and another 1,023 BTC deposit to Binance by a whale.

Meanwhile, Mt.Gox repayments have reportedly began and this could add to more downside pressure for Bitcoin, Bitcoin Cash and other cryptocurrencies.

BTC could drop to $50k

Bitcoin recently rebounded from near $57k and the area looks to be a key area for bulls.

However, with increased pressure amid a broader market downturn could mean a fresh demand zone will be lower. Per analysts at IntoTheBlock, breaching $60k could see bears targeting lower support levels.

“Historically, demand just below $60k has been weak, suggesting further downward pressure. The next significant demand zone lies between $40,000 and $50,000,” the platform posted on X.

Meanwhile, former BitMEX CEO Arthur Hayes thinks the downside pressure for BTC is likely to continue “until morale improves.”

The post Bitcoin plummets 5% amid massive sell-off appeared first on CoinJournal.