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Cryptocurrencies/Coins/Vulcan Forged PYR (PYR)
Vulcan Forged PYR price, market cap on Coin360 heatmap

Vulcan Forged PYR(PYR)

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$4.0072
(-4.32%)
0.00017148 BTC
Market Cap (Rank#254)
$95,762,599
4,098 BTC
Vol 24h
$10,017,124
428.665 BTC
Circulating Supply
23,897,700
Max Supply
50,000,000
9 days agocoindesk
How to Stop Forsage, Meta Force and Other Smart Contract Pyramid Schemes
An SEC indictment notwithstanding, it's not easy to taking down online pyramid schemes, says our columnist. Here are some ideas.
12 days agocryptodaily
All U.S. Crypto Exchanges Including Binance to be Investigated by SEC
According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC). Crypto Exchanges Under Investigation Per a report from Forbes quoting an unnamed staffer from Senator Lummis’ office, the SEC is reportedly probing Binance and every exchange in the United States. There have also been widely circulated reports that the SEC is investigating the $20 billion exchange Coinbase. According to the source, the SEC is seeking to establish itself as the country’s chief crypto regulator as it battles it out with the U.S Commodity Futures Trading Commission for oversight and regulation of the industry (CFTC). Since 2014, the CFTC has maintained authority over “virtual currencies”, but the SEC has recently made its voice known indicating that it seeks to control the industry. The SEC's chairman, Gary Gensler has said on multiple occasions that many tokens might qualify as unregistered securities, which would place them under the purview of the SEC, and last week gave its strongest hint yet that it intends to clamp down on the nascent industry. Regulators Step Up Oversight Regulations have up stepped oversight lately after the SEC charged a former Coinbase employee along with two associates for insider trading. The regulator has also claimed that the exchange let customers trade “at least nine” unregistered securities. The Coinbase insider trading allegations have sent shockwaves across the industry, and it has emerged that the regulator was probing Coinbase. Binance U.S. responded by delisting one of the tokens mentioned as a so-called unregistered security – AMP. Since the insider trading filing, SEC chairman Gensler has gone on record saying that he does not see a difference between cryptocurrency exchanges and traditional stock trading venues, continuing that there are “inherent conflicts of interest” with exchanges that act as market makers. The SEC’s wrath continued last week when it charged 11 people behind the Forsage website which it has called a “crypto pyramid scheme,” and which cost users $300 million. While the SEC and the CFTC battle it out to establish who should have regulatory oversight of the industry, the Senate Agriculture Committee introduced a bill this week, if passed, would see Bitcoin and Ethereum classified as commodities and give the CFTC oversight of the exchanges that list them for trading. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15 days agocryptodaily
APENFT Foundation Announced The Second Call of its $100 Million Art Dream Fund.
Singapore, Singapore, 2nd August, 2022, ChainwireAPENFT Foundation announces that the second call of its $100 million Art Dream Fund will launch on August 1st, and registration will close on October 30th. The theme for this year’s call is "Post-Human Era." This theme seeks to explore whether the future of humanity can transcend traditional self-centered humanism and how people should position themselves in a complex ecosystem consisting of non-human animals, plants, and cyborgs. Winners will be eligible to win from a prize pool of over $100,000. In addition to prizes, creators will also enjoy the opportunity to build their art studios in The Sandbox, a metaverse set to launch by APENFT and TRON. Creators will also be able to get involved in annual online and offline exhibitions curated by APENFT, workshops, artist residencies, and other educational events. TRON x APENFT exhibition hall in The Sandbox This call is open to creators of any age, nationality (not eligible for residents of UN- and OFAC-sanctioned countries or regions), and profession. It welcomes digital artworks submitted by individuals and teams in various mediums, including video, animation, virtual reality, augmented reality, sound art, and data-driven art, among others. "The most essential quality that distinguishes us from other calls is our core values—great inclusiveness and openness—which are also the values that govern the world of NFTs; here, every good work has a chance to be seen," emphasized Sydney Xiong, Director of the APENFT Foundation. "We've always been committed to nurturing and supporting young artists and creators who are open-minded, daring, imaginative, and able to inject fresh vitality into the art sphere." The same openness and inclusiveness permeate the review process of the Art Dream Fund. This year's review panel comprises more than ten artists, curators, auction experts, art professionals, and financial practitioners. We can expect this diversity in panel selections to introduce opinions from diverse areas such as art, finance, technology, and design, allowing for a more comprehensive assessment of submissions. Expert juries include Philip Tinari (Director of UCCA Center for Contemporary Art), Jonathan Crockett (Chairman of Asia at Phillips), Josh Baer (Art advisor), Sylvain Levy (Renowned collector), and Conlan Rios (Founder of Async Art); the Nomination and Selection Panel includes Cheng Ran (Contemporary Artist), Laura Shao from Hive Center for Contemporary Art, Kenny Schachter (art writer), Ciara Sun (Co-founder of C² Ventures), Claire Huang (Async Art Advisor & Columnist), Mimi Nguyen (Lecturer at the University of the Arts London). Together with community members, the Nomination and Selection Panel will designate 50 contestants for the final based on their votes. Themed on "Second Life," last year’s open call received over 500 artworks, among which Infinite Falling by WMD Studio won the first prize, and submissions of Verdi Jackson, Kong, Allyn Belfred, and Chengcheng Shi won the innovation prizes. In January 2022, all winning artworks were sold at an auction event at the online exhibition co-hosted by APENFT and LiveArtX in Cryptovoxels. This year, on top of the three existing awards, APENFT teamed up with Async Art to set up the “Async Visual-Audio Award” for programmable art to encourage experimentation and innovation in interactive art forms. As Conlan Rios, Founder of Async Art, expressed, “Async Art provides tools for everyone to create visual-audio interactive NFTs, without the necessity of mastering coding and programming knowledge. Through Async Visual-Audio Award, we invite artists to join us to turn the existing concept of art on its head and pave the way for a whole new category of programmable media. This is just the start, but we believe these simple building blocks will open up a world of possibilities for the creators out there, and we are really excited to see the genius ways people might use it.” Participants will have the opportunity to attend the workshops co-organized by APENFT and Async Art and potentially receive Blueprints-based NFT airdrops. WMD Studio, Infinite Falling (2021), digital animation, source: WMD Studio Another highlight of this year's Art Dream Fund is that during the call and the selection, APENFT will co-host three online forums with ArtReview to discuss NFT discourse in the art world, the influence of the metaverse on art creation, and NFT collection and sponsorship. The dates and guests of the forums will be announced soon. Please stay tuned. The open call of the 2022 Art Dream Fund has started, application will close on October 30th. For more registration details, please visit: artdreamfund.apenft.io. About Art Dream Fund The Art Dream Fund was co-sponsored by H. E. Justin Sun, founder of TRON, and Sydney Xiong, Director of APENFT Foundation, in 2021. It aims to identify, nurture, and support quality NFT artists through the $100 million fund. Apart from the funding support for art creation, the Foundation will also advise award winners on marketing, publicity, copyright protection, and legal affairs. The winning artworks will be deployed permanently onto the TRON blockchain as a TRC-721 token as well as on the decentralized storage system BFTS. With the help of TRON and the APENFT Foundation, talented artists will stand a chance to take part in online and offline exhibitions, art fairs, auctions at home and abroad, collaborations with renowned international brands, and benefit from crossover marketing. About APENFT Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world's largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world's first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse. APENFT Marketplace | Twitter | Telegram | Discord About Async Art Async Art is the premiere platform where users can create, collect, and sell generative art & music NFTs. Async breaks down the technology barrier many creators face and allows artists of all backgrounds to participate in the Web3 space. With our Async Canvas tool, users can create interactive, future-facing art and music without any coding knowledge. The platform provides streamlined solutions for audio and visual creators to make innovative NFTs, including 1/1s and an entire collection.. The platform encourages artists to experiment and push boundaries in the NFT space. About ArtReview Founded in 1949, ArtReview is one of the world’s leading international contemporary art platforms. Aimed at both a specialist and a general audience, it is dedicated to expanding contemporary art’s reach, and tracing the ways it interacts with culture in general. It also provides the most intimate reading for contemporary art. ContactsMiles [email protected]
15 days agocryptopotato
SEC Charges Eleven Individuals Linked to the Crypto Pyramid Scheme Forsage
The SEC pressed charges against 11 individuals for participating in Forsage, a crypto Ponzi scheme. Of them, 2 already agreed to pay civil penalties.
15 days agocointelegraph
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
15 days agozycrypto
SEC Charges Eleven In Multimillion-Dollar Crypto Pyramid Scheme
Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of these schemes, the SEC has indicted 11 individuals for their connection with a global crypto Ponzi Scheme that spanned two years. Forsage raised $300M from unsuspecting retail investors In an […]
16 days agocryptodaily
SEC Charges 11 in Crypto Ponzi and Pyramid Scheme
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it had charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme” that raised over $300 million from retail investors across the world. Those charged include the four founders behind the scheme, named Forsage. The accused were last known to be living in the Republic of Georgia, Indonesia, and Russia, the SEC said in a statement. Forsage allegedly raised more than $300 million from retail investors across the globe per the SEC’s statement. According to Carolyn Welshhan, acting chief of the SEC’s Crypto Assets and Cyber Unit who led the investigation, As the complaint alleges, Forsage is a fraudulent pyramid scheme launched on a massive scale and aggressively marketed to investors. Fraudsters cannot circumvent the federal securities laws by focusing their schemes on smart contracts and blockchains. According to the SEC’s complaint, the scheme launched its website in January 2020 and allowed millions of retail investors to enter transactions via smart contracts. It operated its scheme for more than two years in which investors earned profits by recruiting others into the scheme. The SEC complaint added that Forsage used assets from new investors to pay earlier investors in the typical style of a Ponzi scheme. Forsage has a YouTube channel with over 170,000 views and roughly 6,500 subscribers. It includes videos of people talking about how their lives have been improved by the website. Forsage’s website also claims to have brought over two million participants. It says that in the past day, 2,500 people have joined the website and that members have been rewarded with over $1.35 billion in value since the website was launched. According to the SEC complaint, without admitting or denying the allegations, two of the defendants agreed to settle the charges and to be permanently enjoined from future violations of the charged provisions and certain other activities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21 day agocoindesk
Celsius and BitConnect: Not So Different?
Celsius may not have been as blatantly criminal as the infamous BitConnect pyramid scheme. But the parallels should have drawn more regulatory scrutiny.
36 days agocointelegraph
U.S. trademark and copyright offices to study IP impact of NFTs
The U.S. Patent and Trademark, and Copyright offices will explore the impact of NFTs on intellectual property rights as lawsuits begin to stack up.
40 days agocryptodaily
The Sandbox Co-Organizing Metaverse Summit 2022 Showcasing Ecosystem Impact
Paris, France, 8th July, 2022, ChainwireThe metaverse has gained momentum recently, and it is predicted to continue to expand in the years to come. Metaverse Summit, with its co-organizer The Sandbox, supports the development of various industry stakeholders and assists brands, start-ups, and corporations in determining their position and metaverse strategy. Metaverse Summit 2022 includes The Sandbox ecosystem pavillion, supporting startups and female entrepreneurs Metaverse Summit is presenting several initiatives to create an atmosphere that allows pioneers, developers, business people, and technologists to build the decentralized networks that will drive the coming phase of the digital economy. With seven company booths under The Sandbox Pavilion, The Sandbox is co-organizing Metaverse Summit 2022 to support creators and startups in the metaverse ecosystem. The Sandbox is among the leading metaverse creator economies, allowing users to create, communicate, and make revenue from their gaming and real estate experiences. In the virtual world, people can play, construct, own their properties, and own in-game assets while being able to sell these assets and receive cash in the real world. The Sandbox is one of several blockchain-based virtual worlds attempting to alter the dynamics of the gaming industry and compensate inventors for the worth they generate through user-generated content. For The Sandbox designers, creators, and competitors, the buildathon contest will be an excellent platform for showcasing and honing their design abilities. "The metaverse is more than a major technology disruption or paradigm shift – it is a driving force that will lead to the creation of millions of jobs and spur a whole new digital economy,” said Sebastien Borget, COO and Co-Founder of The Sandbox. “We are committed to supporting the future generation of metaverse entrepreneurs, which is why we are co-organizing the Metaverse Summit in Paris to help tomorrow’s creators realize their visions, drive societal impact, and create more opportunities for everyone.” The Sandbox’s Ecosystem Impact on Metaverse Innovation and Creativity To usher in the decentralized era of content creation, consumption, and monetization, The Sandbox is developing the first tools, systems, and mechanisms to improve content creation through blockchain technology. The Sandbox is a groundbreaking initiative that transfers authority from game publishers to the artists, crypto-enthusiasts, and players who influence the game's success. The Sandbox includes integrated tools that offer a complete user-generated content ecosystem production experience. The platform empowers users by enabling them to secure copyright ownership for their user-generated content. Metaverse Summit, Unique Occasion To Discover Top-Tier International Metaverse Companies Leading metaverse enterprises, builders, shareholders, and experts come together at the Metaverse Summit to discuss and co-create the metaverse's future, all in a framework dedicated to communicating and transferring knowledge, which is the core value of the Metaverse Summit community. The goal of Metaverse Summit is to create a link between Web2 and Web3 and assist people and businesses in defining their positioning and strategy for the coming of technology. “We are honored to co-organize an international Metaverse convention and festival with The Sandbox in Paris. We are here to facilitate the growth of different stakeholders in the industry, to help brands, startups, and corporates find their place and strategy regarding metaverse,” said Yingzi Yuan, Founder of Metaverse Summit. Metaverse Summit is expected to be followed by further expansion in the years to come. It aids brands, start-ups, and corporations in determining their position and metaverse strategy and supports the growth of various industry stakeholders. Since its founding, the Metaverse Summit has attracted more than 10,000 concerned individuals worldwide. About Metaverse Summit Metaverse Summit gathers entrepreneurs, builders, investors, and experts to explore and build the future of the metaverse together. This year, Metaverse Summit is set to host the first female-founded Web3 conference to explore and build the metaverse's future together. The two-day event held in Paris on July 16-17, 2022, will be a unique moment for the international community to meet in person, discover new collaboration opportunities, and develop projects.ContactsMetaverse [email protected]
45 days agocointelegraph
Are expiring copyrights the next goldmine for NFTs?
Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology.
47 days agocryptodaily
OneCoin’s "Crypto Queen" Is Now FBI’s Top Ten Most Wanted
The FBI has added missing OneCoin founder Ruja Ignatova to its top ten most wanted fugitives list over charges of defrauding investors and absconding. $10K For Missing OneCoin Founder Dubbed “The Missing Cryptoqueen” by a BBC podcast, Ruja Ignatova is now an FBI’s most wanted fugitive. The bureau published a notice on Thursday offering a reward of $100,000 for any information leading to the arrest of the Bulgarian national, who has been accused of running a crypto-based scam through her company, OneCoin. Normally, the FBI's most-wanted list features fugitives who the general public might be able to track down. The charges brought against Ignatova claim that she had allegedly defrauded investors of funds worth $4 billion (£3.5 billion), through her Ponzi scheme, which is also being called “one of the biggest scams in history.” U.S. officials signed an arrest warrant for Ignatova back in 2017, soon after which she disappeared and has been missing since. “The Missing Cryptoqueen” Podcast The case first received global attention thanks to the BBC podcast hosted by Jamie Bartlett, who had been on Ignatova’s trail for years. According to Bartlett, Ignatova disappeared in October 2017 with at least $500 million (£411m), which has helped her evade law enforcement for years. Bartlett even believes that in addition to having acquired high-quality fake identity documents, Ignatova might have even changed her appearance. He has also conjectured that she might no longer even be alive. Bartlett believes that the FBI’s announcement increases the chances of tracking her down. Coincidentally, Europol also added Ignatova to its most-wanted list last month, with a $5,200 reward on information leading to her capture. Pyramid Scheme Camouflaged As Crypto According to the charges, Ignatova founded OneCoin back in 2014. It was a self-described “cryptocurrency” that ran on the basic fundamentals of a pyramid scheme. Buyers would be incentivized with a commission if they managed to sell the currency to more people. However, according to the FBI, unlike other cryptocurrencies, OneCoin was never based on blockchain technology and hence held no value. The exact charges brought against her by the FBI include eight counts of wire fraud, money laundering, and securities fraud. Another individual associated closely with the scam is former attorney Mark Scott, who was charged and tried by the U.S. government in 2019. In addition, Ruja Ignatova’s brother, Konstantin Ignatova, was also arrested on charges of money laundering and fraud in Los Angeles in March 2019. He has pleaded guilty. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
47 days agonulltx
How NFTs Have Evolved to Become a Level Ground for Artists
The past year has seen Non Fungible Tokens, NFTs, grow from just a few mentions in the blockchain world to mainstream media. The concept of NFTs has brought about several changes and opportunities for the blockchain community. One of these is the artist industry. You might have heard cases whereby there are copyright issues or […] The post How NFTs Have Evolved to Become a Level Ground for Artists appeared first on NullTX.
49 days agozycrypto
BAYC’s Yuga Labs Files Lawsuit Against RR/BAYC Creator Ryder Ripps
Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.” Yuga Labs accuses Ryder Ripps of intentional copyright infringements In the […]
56 days agocoindesk
Should You Copyright Your NFTs?
Is a Creative Commons or commercial rights license better for the creator of a non-fungible token? It all comes down to what you are trying to build.
56 days agocryptodaily
French Montana Reveals Details on the French Family Membership NFT Collection
Following up on his previous announcement at Miami NFT Week that upcoming album "Montega" will include both digital and physical experiences that link the metaverse with the 'real' world, French Montana shared more details with ChangeNOW's Head of PR Mike Ermolaev about French Family Membership, the all-new NFTs community. According to the 17-time Billboard Global Top 10 rap star, it will include 1,000 "Proof-of-Collection" NFTs, meaning that the holders will receive exclusive and privileged opportunities, allowing them to explore “the full potential of the physical and digital worlds.” “The evolution of the cryptocurrency and NFT market has shown that NFTs that do not have a community proposal quickly lose their value as they are not based on real benefits but only on FUD and speculation. Furthermore, offering APYs with extreme profitability, as happened with UST/LUNA, turned out to be a failed proposition that only makes users lose their money,” French Montana said. French Family Membership – A New Decentralized Digital Community “We want to build a decentralized community in which the community itself can grow individually and collectively through different connected proposals and in which the whole community wins,” the artist said. French Family Membership will be a digital identity within the French Montana family, with holders having access to events held by French Montana as well as by some of his friends in the USM Metaverse and the NFT marketplace. French Family Membership holders will be able to create their own virtual fashion brand cross-over with French Montana for 3D avatars or for wearables on 3D avatars in the United States of Mars. There will be more perks for holders, including access to the exclusive and unique collection DRWT PFP, which is currently under construction. Copyright and Commercial Ownership of the Montega Album With French Montana's new production, fans will be able to unlock unique digital and physical experiences through a collection of NFTs called "French Montana's Music Album NFT" (MTG). Each MTG NFT will have a different benefit in this collection, with three categories: Super Rare, Rare and Normal. Through an airdrop, members of the French Family Membership will get super rare NFTs with exclusive benefits like the digital version of the Montega album, backstage access to French Montana’s concerts through 2025, and sales rights to the Montega album. This means lifetime copyright and commercial ownership of the new album, with all the money that French Montana earns from the distribution of the album being shared with Super Rare NFT MTG holders – a revolution in both the music and the Web 3, NFTs ecosystems. “We are creating a truly open and community-driven ecosystem for the French Family. This is not just an NFT project. We are talking about a real revolution in the cryptocurrency industry. The holders of a French Family NFT will truly be part of the French Montana family and, in doing so, will share with the star the benefits of everything we are creating, owning an NFT French Family Membership is not just a matter of commercial rights linked to the Montega album. There is so much more,” said Jeff Watney, the visionary of French Family Membership NFT. “Web3 gives musicians more control over their art and creation. Most artists only get 12% of what labels make. With 100% control over how my music is distributed, my community can grow. If I’m not mistaken the music industry makes $13m an hour with music and web 3 is definitely a revolution for artists to start gaining more capital,” French Montana said. There will only be 1,000 French Family Membership NFTs, with 200 being reserved for Whitelist members and 800 for public mint. Allowlist mint will run for three seasons, with the first one having 50 spots. The drop took place on June 20th, with the private mint price of 1 ETH. Season one holders will have VIP access to French Montana's party that will be held on August 19, 2022 in Las Vegas. Further details will follow soon. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
57 days agocointelegraph
What is Vulcan Forged (PYR) and how to make money playing it?
Vulcan Forged is a play-to-earn game that allows players to earn cryptocurrency by winning, selling, and upgrading their in-game assets.
59 days agocryptodaily
Crypto Weekly Roundup: Market Tanks, Celsius And 3AC Struggles, MetaMask Vulnerability, Difficulty Bomb Delayed, USDD Stumbles, And More
It has been a very trying week for the community as the crypto industry took a beating like never before. Crypto lending platforms like Celsius and Babel Finance suspended all withdrawals to protect liquidity, while VC firm Three Arrows Capital had to be liquidated. Keep reading to find out more. Bitcoin Despite being approved by the Panamanian national assembly only a couple of months ago, President Laurentino Cortizo has paused the country’s Bitcoin adoption. Despite the drop in BTC’s value and the economic troubles in El Salvador, President Nayib Bukele has hinted that the country might buy bitcoin yet again. After a decade or so of solid growth, crypto looks to be having a similar crash as to what was experienced in the early 2000s after the dot-com bubble popped, as BTC drops below the $20K mark. Ethereum Ethereum’s core developers have announced that the ‘difficulty bomb,’ which is a crucial component of The Merge, has been postponed by two months. Goldman Sachs expanded its Ethereum trading options with the first-ever ETH-linked derivative trade. DeFi Stablecoin troubles are still plaguing the community, as Tron’s newly launched stablecoin, the USDD, runs into trouble only a few months after its launch. Altcoins Billionaire CEO Elon Musk has been sued for $258 billion by a disgruntled investor over alleged claims of running a pyramid scheme for Dogecoin. Despite the worst market downturn, Ripple has revealed that they will continue to hire, with CEO Garlinghouse urging investors not to panic. Technology Blockchain analytics platform Nansen has launched and rolled the much-awaited encrypted Web3-based messaging app - Nansen Connect. MetaMask, Phantom, and other browser wallets disclosed that they patched a critical security vulnerability that could have exposed sensitive user login credentials on compromised devices. Business A new report has revealed that venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from lenders, bringing up the risk of insolvency. The crypto lending platform Celsius is trying everything, including a company restructuring, to stay solvent after suspending withdrawals. Transcripts of Elon Musk discussing his plans for Twitter and crypto payments in a Q&A have been leaked. Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders. The Kazakhstani government has approved legislation that will regulate interactions between local crypto exchanges and financial institutions, even allowing registered exchanges to have bank accounts in the country. Huobi’s operations in Thailand have been halted as the Thai SEC revoked the crypto platforms operations in May this year. NFT The leading NFT marketplace OpenSea has announced that it is moving to the Seaport blockchain, a new web3 marketplace protocol designed for safely and efficiently trading NFTs. The Swiss watchmaker TAG Heuer has created a smartwatch feature that will allow users to flaunt their NFT collection. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
61 day agocryptodaily
“Dogecoin Pyramid Scheme”: Elon Musk Sued For $258B
Billionaire CEO Elon Musk has been sued for $258 billion by a disgruntled investor over alleged claims of running a pyramid scheme for Dogecoin. DOGE Love Or “Pyramid Scheme”? Elon Musk has been quite open about his love for Dogecoin, often choosing to post positive tweets about the meme cryptocurrency. He had even schooled crypto exchange Binance over a glitch that affected DOGE holders. However, a DOGE investor believes that in light of the coin not performing as well recently, Musk’s favoritism for the coin was allegedly a carefully constructed pyramid scheme. Plaintiff Keith Johnson filed the complaint against Musk in the Manhattan federal court that named Musk’s companies - Tesla and SpaceX. The crypto was initially created as a “memecoin” meant only for light-hearted investments. However, Musk’s backing had shot its popularity through the roof, leading to its heightened demand among investors. Alleged Racketeering On separate occasions, Musk had announced that both his companies would be accepting DOGE payments. However, the coin first experienced a sharp spike of increased popularity last year when Musk tweeted that he would accept the crypto as payment for Tesla cars. According to Johnson’s complaint, this was a case of racketeering through false claims that drove up the price of DOGE, only to let it tumble. Johnson also claims that he was defrauded as he had invested in the crypto after believing in the “Dogecoin Crypto Pyramid Scheme” and had lost money. An excerpt from the complaint reads, “Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading. Musk used his pedestal as World’s Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement.” Plaintiff Demands Double In Damages Johnson has claimed that he is filing the lawsuit on behalf of other investors who have lost money after investing in Dogecoin since Musk’s advocacy. He has also requested that the motion be classified as a class-action lawsuit. Johnson also estimates that since Musk promoted the crypto, investors have lost around $86 billion. The lawsuit demands complete reimbursement of this amount and an additional $172 billion in damages. Furthermore, the lawsuit also seeks to block Musk and his companies from promoting DOGE. In Johnson’s words, the coin is akin to a pyramid scheme since it is neither a product nor does it hold any intrinsic value. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
62 days agozycrypto
‘Dogefather’ Elon Musk Slapped With Mammoth $258 Billion Lawsuit For Allegedly Pumping Dogecoin
The lawsuit, filed in Manhattan on Thursday, claims Elon Musk, electric vehicle manufacturer Tesla, and space exploration startup SpaceX are masterminds of a “Dogecoin Crypto Pyramid Scheme” which resulted in the plaintiff losing money.
62 days agocryptopotato
Elon Musk, Tesla, SpaceX Sued for $258 Billion Dogecoin ‘Pyramid Scheme’
The billionaire is under legal pressure for his role in encouraging the public to buy Dogecoin, which is now down 92% from its all-time high.
75 days agocryptodaily
Understanding The Recent String of Blockchain Hacks
Cryptocurrency and blockchain technology is undoubtedly the next generation of financial services. However, many of the blockchain-enabled platforms currently building crypto services have vulnerabilities, which hackers have exposed since the early days of the industry. As weak points are addressed, new threats arise. As a consequence of this cycle, hackers made away with over $4 billion worth of crypto assets in 2021. This upward trend in blockchain hacks is further confirmed by six of the biggest crypto heists in 2021. Finding The Crack In The Armor The most significant attack in the almost decade-long history of cryptocurrencies occurred in August 2021 by "Mr. White Hat," a pseudonym used to portray an ethical hacking intention. “Mr. White Hat” managed to steal over $600 millionin funds from the decentralized finance (DeFi) platform Poly Network. In addition, he exposed weakness in the company's cross-chain smart contracts. As a result, Poly Network had to enter into negotiation to retrieve the stolen sum, distributed $500,000 for locating the system vulnerability, and even offered Mr. White Hat a job. Another high-profile attack occurred on February 2, 2022, which was coincidentally, another attack on a cross-chain vulnerability; but this time, on a more prevalent blockchain, Solana. Wormhole, one of the most famous bridges linking the Ethereum and Solana blockchains, lost about $320 million in the attack.The attack used unpatched Rust contracts in Solana, exploiting it into crediting 120k ETH as having been deposited on Ethereum. The exploit allowed the hacker to mint the equivalent in wrapped whETH (Wormhole ETH) on Solana. Hackers are increasingly exposing bridges and cross-chain vulnerabilities, but other "traditional" attacks continue. For example, in December 2021, a stolen private key enabled hackers to breach the security of two hot wallets belonging to the BitMart crypto exchange. Close to $200 million of liquid funds were lostto this attack. Another private key-related hack took place in December 2021, where the cyber assailants went on to steal $135 million worth of PYR tokens. Blockchain Security Is Of The Highest Essence To Keep Faith In The Ecosystem Today, the average consumer believes blockchain technology to be highly secure due to the encryption protocols, but most are unaware of the pace of technological advancement. Quantum computing is and will continue to be a significant threat to the integrity of blockchain ecosystems, and this future is nearer than most people think. For instance, IBM announced the release of their quantum chip, the IBM Quantum Condor, which is slated for the end of 2023. Quantum-proof encryption, One-Time Pad, is one of the core product offerings at Crown Sterling. Founded in 2018 by CEO Robert Edward Grant, Crown Sterling is on a mission to create encryption products that allow users to have both ownership and protection over their personal data. Grant was the first to discover the Infinite Prime Number prediction pattern, putting today’s encryption framework to the test by allowing precise prediction of prime numbers. This discovery led to Grant publishing a paper titled“Accurate and Infinite Prime Number Prediction from Novel Quasi-Prime Analytical Methodology.”, co-authored by Physicist and Number Theorist Talal Ghannam, PhD. "There is a quantum-resistant solution: One-Time Pad encryption, which is viewed by cryptography experts as the most reliable method of data security. It is the world's standard, and will be available to the world through our platformin a key compression that is outstanding and practical." said Grant. For every claim that blockchain is not secure, the need for companies like Crown Sterlingbecomes evident. Even though blockchain hacks have become more prevalent, giving people a reason to question its security, people like Robert have been investigating solutions for encryption issues in the long term. As the reality of quantum computing gets nearer, innovative solutions are required to ensure the longevity of blockchain technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
83 days agocryptodaily
Seth Green’s NFT Woes Put New Animated Series In Jeopardy
Actor and producer Seth Green has fallen prey to everyone’s worst nightmare, a phishing scam. Losing quite a few expensive NFTs aside, the developments have also put a spanner in Green’s plans for his new animated series, which was based on characters from Green’s NFT collection. Show Plans Receive A Hit After the actor and producer fell victim to a phishing scam that led to several prized NFTs being stolen, it also jeopardized plans for his new animated series. The new show was to be developed from characters in the producer’s extensive NFT collection. The hack has once again put focus on the shadier side of the industry, with phishing scams such as these becoming commonplace. Green had teased a small snippet about the show, called White Horse Tavern, at the NFT conference VeeCon. The show is based on the question, “What if your friendly neighborhood bartender was Bored Ape Yacht Club #8398?” Green shed further light on the show and the concept in an interview with entrepreneur Gary Vaynerchuk, where he stated that he wanted to imagine a universe where what you look like wouldn’t matter and that only your attitude would matter. The Attack On Green’s NFTs Four of Green’s NFTs were stolen in a phishing attack on the 8th of May. Green revealed details about the attack on Twitter, as he announced to his followers that he lost a Bored Ape NFT, two Mutant Ape NFTs, and a doodle. The NFTs were stolen from his wallet after interacting with a phishing site. “Well, friends, it happened to me. Got phished and had 4NFT stolen. @BoredApeYC @opensea @doodles @yugalabs please don’t buy or trade these while I work to resolve: @DarkWing84 looks like you bought my stolen ape- hit me up so we can fix it” The scammer sold Green’s Bored Ape NFT to a pseudo-anonymous individual going by “DarkWings84”, who bought the NFT for over $200,000. Once purchased, the NFT was transferred to a collection called the “GBE_Vault,” where it is currently. Tricky Copyright Laws Green’s plans boomeranged when a scammer stole the NFT collection at the beginning of May, which resulted in Green losing commercial rights to the show’s protagonist, a Bored Ape by the name of Fred Simian, the rights and likeness of which belong to someone else. Green commented on the situation, stating, “I bought that ape in July 2021 and have spent the last several months developing and exploiting the IP to make it into the star of this show. Then days before — his name is Fred, by the way — days before he’s set to make his world debut, he’s literally kidnapped.” According to Daniel Dubin, a tax and litigation attorney at Alston & Bird LLP, the current owner could make things difficult for Green, should he choose to. NFT copyright laws are complicated and have just made their way into courts. NFT projects have increasingly begun granting owners rights to adapt their works commercially. While this has proved beneficial and increased brand visibility for NFT creators, it has also introduced bitter legal disputes. Not surprisingly, Bored Ape Yacht Club was the first to adopt the above terms. Green Reaches Out To Buyer Green, on his part, has been attempting to reach out to the new owner of the Bored Ape NFT, tweeting at DarkWing84 and appealing that they could “work it out between each other.” Green supporters have also sent the user messages, imploring them to contact Green. However, it is not clear if the user knew that the NFT they were purchasing was stolen. OpenSea has also stated that it has frozen the tokens, as it has done on previous occasions. The stolen NFTs have also been marked with “suspicious activity” warnings. A spokesperson from OpenSea stated, “We do not have the power to freeze or delist NFTs that exist on decentralized blockchains; however, we do disable the ability to use OpenSea to buy or sell stolen items.” OpenSea has also come under fire in recent months and is facing lawsuits from other NFT owners who also lost their Bored Ape NFTs to similar phishing scams. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
96 days agocoindesk
New York Man Arrested, Charged With Fraud For Alleged Role in $59M Crypto Pyramid Scheme
A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme “EminiFX."

About Vulcan Forged PYR

The live price of Vulcan Forged PYR (PYR) today is 4.0072 USD, and with the current circulating supply of Vulcan Forged PYR at 23,897,700 PYR, its market capitalization stands at 95,762,599 USD. In the last 24 hours PYR price has moved -0.1999 USD or -0.05% while 8,051,695 USD worth of PYR has been traded on various exchanges. The current valuation of PYR puts it at #254 in cryptocurrency rankings based on market capitalization.

Learn more about the Vulcan Forged PYR blockchain network and how it works or follow the price of its native cryptocurrency PYR and the broader market with our unique COIN360 cryptocurrency heatmap.

Vulcan Forged PYR Price4.0072 USD
Market Rank#254
Market Cap95,762,599 USD
24h Volume10,017,124 USD
Circulating Supply23,897,700 PYR
Max Supply50,000,000 PYR
Yesterday's Market Cap98,907,730 USD
Yesterday's Open / Close4.3387 USD / 4.1388 USD
Yesterday's High / Low4.4091 USD / 4.1224 USD
Yesterday's Change
-0.05% ( 0.1999 USD )
Yesterday's Volume8,051,694.50 USD
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