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MrBeast, one of YouTube's most popular creators, is currently facing serious allegations related to cryptocurrency schemes. Blockchain investigator SomaXBT recently accused him of engaging in "promote-and-dump" schemes, where he allegedly promoted certain cryptocurrency tokens before selling off his holdings at inflated prices. Notably, MrBeast is claimed to have invested in projects like SuperFarmDAO and then used his influence to drive up the value of its token, SUPER, eventually selling his holdings and earning significant profits—reportedly upwards of $9 million from this project alone. Similar accusations involve other tokens like Polychain Monsters, STAK, and SHOPX. These accusations reflect a broader concern within the crypto industry, where prominent influencers have previously been implicated in similar "pump-and-dump" tactics, which harm retail investors and erode trust in smaller crypto projects. While MrBeast’s team has yet to issue an official response, the allegations are stirring a debate around the ethics of influencers promoting volatile financial products without disclosing potential conflicts of interest. And people think we dont need regulation? ))
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The average cost of mining 1 $BTC among the largest public miners has dropped to $49,500 . #BTC☀
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Canary Capital filed an application with the SEC to launch $SOL -ETF This is the company's third cryptocurrency ETF filing this month — Canary Capital previously filed ETFs for LTC and XRP.
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Sixteen years ago, on October 31, 2008, the $BTC white paper was published by Satoshi Nakamoto, marking the birth of the first cryptocurrency. The document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” is a nine-page white paper that outlined the vision of a decentralized, peer-to-peer payment network without the need for intermediaries like banks. This white paper explained the technical foundations of Bitcoin, such as the blockchain technology that ensures transparency and security, and the proof-of-work mechanism that maintains the network. Satoshi Nakamoto’s paper introduced the concept of a decentralized ledger, which would enable direct transactions between users, laying the groundwork for a transformative financial system. In January 2009, just a few months after the white paper’s release, the Bitcoin network went live with the mining of the first block, known as the genesis block. By April 2011, Satoshi Nakamoto, whose true identity remains unknown, ceased communications, leaving behind a lasting legacy that has since grown into a trillion-dollar industry. This mysterious departure added to the intrigue surrounding Bitcoin and has led to years of speculation about Satoshi's identity. #whitepaperday #bitcoin☀️
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The US Treasury Department said that central bank digital currencies (CBDCs) should replace stablecoins issued by the private sector . The regulator is also very concerned about the growth of the stablecoin market. #cbdc
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