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Elon Musk Weighs in on NFT Technology — Here’s What He Thinks


Image Source: YouTube/Fox News Elon Musk has again shared his opinion about the current structure of non-fungible tokens (NFTs), noting that embedding JPEG images into a blockchain can establish exclusive ownership for enthusiasts. On December 27, Musk responded to a comment on his platform,...

SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto


SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes...

Billionaire Tim Draper’s Endorsement Skyrockets Stacks Token by 25%


Tim Draper. Source: a video screenshot, Anthony Pompliano / YouTube Stacks (STX), the native token of the Bitcoin layer 2 solution Stacks Network, surged by 25% for the day on Wednesday following positive remarks from renowned investor Tim Draper. The boost in the token’s price came as Draper...

Crypto Mogul Novogratz Chooses Phillips Over Biden for Political Support


Source: a video screenshot, Bloomberg Television / YouTube Mike Novogratz, a prominent investor in the cryptocurrency space and a long-time supporter of Joe Biden, is set to fundraise for Representative Dean Phillips, a Democratic primary challenger to the president.  Novogratz, the CEO of Galaxy...

HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month


Source: YouTube / CNBC Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits....

Terra Founder Do Kwon Appeals Against Extradition to South Korea and US


Source: Terra / YouTube Terraform Labs co-founder, Do Kwon, has officially filed an appeal against the extradition decision of the High Court in Montenegro. On December 6, the Montenegrin Court of Appeal confirmed that Kwon Do-hyung submitted an appeal, expressing his refusal to accept...

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