A group of Dogecoin investors has amended a class-action lawsuit against Elon Musk, accusing him of insider trading and alleging that the token is a security under US SEC regulations. The complaint claims that Musk profited from DOGE trading at the expense of other investors by causing the price of the token to spike through actions such as changing Twitter’s logo to the Dogecoin logo. Meanwhile, Satoshi Nakamoto, Bitcoin’s creator, has been revived as an AI chatbot by OpenAI’s ChatGPT trained on a limited data set.
Binance CEO Changpeng “CZ” Zhao has considered acquiring a bank amid the ongoing debanking of crypto firms across the globe but regulatory complexity and capital requirements make it unwise for Binance. Crypto.com has been granted a major payment institution license for digital payment token (DPT) services in Singapore, adding to its track record of securing regulatory licenses. Wallet-as-a-service provider Magic raised $52 million in a strategic funding round led by PayPal Ventures.
Bitcoin is at $27,160, Ether at $1,903 and XRP at $0.52. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Injective, Quant and XDC Network, while the top three altcoin losers of the week are Pepe, Kava and Flare. John Forsyth, co-founder of crypto project ONFO coin, has been found dead from an apparent gunshot wound about a week after he went missing.
