# Crypto
Elon Musk Lawsuit Adds Insider Trading Allegations
Tesla CEO Elon Musk is in hot water after investors filed a class action lawsuit accusing him of market manipulation with Dogecoin. They have added insider trading allegations to the original lawsuit. Investors claim that Elon Musk’s actions have cost them a lot of money.
Senator Elizabeth Warren Calls to Shut Down Crypto-Funded Fentanyl Trade
United States Senator Elizabeth Warren has made a call on a Senate hearing that took place on May, 31 regarding crypto-funded fentanyl production. In addition, Elisabeth Warren used data from research that Elliptic, a research company, conducted to support her stance. A Treasury official said that Chinese drug producers find crypto payments “appealing.” Research from Elliptic showed that more than 90 Chinese businesses that sell fentanyl accept cryptocurrency payments.
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America in Shock as DeSantis Pledges to Protect Bitcoin Against the Current Regime
Florida Governor Ron DeSantis pledged to protect cryptocurrency from the "current regime." This stance came to light during a Twitter space conversation with Elon Musk and venture capitalist David Sacks, where DeSantis officially announced his bid for the U.S. presidency.
Russia to Use Crypto Exchanges For International Transactions
Russia has been making strategies for cryptocurrencies in the country for a long time now. Anton Siluanov, Russia’s Minister of Finances, talked about a new payment system earlier in April. According to him, this new payment system will include cryptocurrencies.
Michael Saylor Advocates Bitcoin as a Security Solution and Defense Against Deepfakes
Michael Saylor, the executive chairman of MicroStrategy, talked about how cryptocurrencies, notably Bitcoin, may advance security and address problems with digital security in a recent interview with Kitco News. He especially mentioned Bitcoin as a potential defense against deep fakes and other cybersecurity concerns brought on by artificial intelligence.
China and the Web3 Innovations
Beijing, the capital city of China, reportedly unveiled a white paper with the aim of fostering innovation and advancement in the web3 industry. The document asserts that web3 technology is an “inevitable trend for the future development of the Internet industry,” according to a report from the local news outlet The Paper. The white paper was released by the Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, at the Zhongguancun Forum.
Cheelee: A Web-3 Short Form Platform and TikTok Competitor
We at Mint Message love to tell people about different alternatives to current social media sites like YouTube and TikTok when it comes to content creation. Now there is another site that is out we can talk about that is available for both Android and iOS known as Cheelee. Cheelee is another alternative to TikTok and a short-form video platform. Plenty of news sites have already talked about Cheelee such as CoinTelegraph & it's an interesting platform.
Germany Officially Enters Recession
Germany, known as the economic powerhouse of Europe, has officially entered a recession as its economy contracted slightly in the first quarter of 2023. This downturn follows a decline in the previous quarter, meeting the commonly accepted definition of a recession. The news has raised concerns both domestically and internationally, as Germany’s economic performance often serves as a barometer for the broader European economy.
Elon Musk’s Warning: Don’t “Bet the Farm” on Dogecoin
Elon Musk, the CEO of Tesla and a prominent figure in the world of cryptocurrencies, has issued a warning to investors about Dogecoin. Known for his intriguing remarks and actions related to digital currencies, Musk cautioned against staking everything on the meme cryptocurrency during The Wall Street Journal’s CEO Council Summit. While he expressed a fondness for Dogecoin, he emphasized the need for caution due to its volatility and associated risks.
Sam Altman and Worldcoin
Sam Altman, the CEO of OpenAI, has successfully secured significant funding of $115 million in a Series C funding round for his co-founded cryptocurrency venture called Worldcoin. The funding round, led by Blockchain Capital, aims to support the development and growth of the project.
US Authorities Seek Stolen Crypto Assets from Binance
Recently, the United States has seen an increase in crypto-related frauds, leaving many people vulnerable to financial losses. Among these troubling developments is the filing of a civil forfeiture case. This case was filed by the US Attorney’s Office to collect stolen cryptocurrency from Binance accounts. The goal is to restore the money of the victims of such fraudulent activities.
FTX To Restart as FTX 2.0
In a recent court filing on May 22, it appears that plans are underway to revive FTX, the popular cryptocurrency exchange. The filing suggests that a restart of the platform, known as FTX 2.0, is in motion and nearing completion. FTX creditors, closely monitoring the exchange’s developments, drew attention to a compensation report submitted by the company’s bankruptcy lawyers, indicating that the process was in its final stages.
The crypto industry is moving from US to UAE, AUS, KOR, SWITZ
The United States is facing a critical challenge in the race for cryptocurrency dominance, as countries such as the United Arab Emirates, Korea, Australia, and Switzerland are emerging as strong contenders, warns Yassine Elmandjra, an analyst from Ark Invest.
Unveiling the Weedy Token Ecosystem: A game-changing Fusion of Cannabis and Cryptocurrency.
Welcome to the world of the Weedy Ecosystem, where cannabis and cryptocurrency unite to break barriers and open new horizons. In this blog post, we'll take you on a journey through the exciting roadmap of the Weedy Token, highlighting key moments from their Q2-2023 milestones. Get ready to explore the innovative solutions we're bringing to the cannabis and crypto industries.