WLD Price Briefly Touches $9, Gains 38.88% In 24 Hours WLD $ | SIJAN___ROY on Binance Square

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WLD Price Briefly Touches $9, Gains 38.88% In 24 Hours
WLD
$8.5
+34.13%
According to BlockBeats, on February 23, the price of WLD briefly touched $9 before retreating to $8.65. This represents a 24-hour increase of 38.88%.

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Two Men Sentenced In First Federal Trial Classifying Cryptocurrency As A Security According to CryptoPotato, two individuals have been sentenced for their roles in a scheme to manipulate the price of Hydrogen Technology's cryptocurrency, HYDRO, and defraud investors. This case is significant as it is the first time a federal criminal trial jury has classified a cryptocurrency as a security and determined that price manipulation of cryptocurrency constitutes securities fraud. The court documents and trial evidence showed that Michael Kane, co-founder and CEO of Hydrogen Technology, and Shane Hampton, the company's Head of Financial Engineering, collaborated with South African firm Moonwalkers Trading Limited to manipulate the price of HYDRO. From October 2018 to April 2019, the firm used an automated trading bot to create fraudulent orders on a U.S.-based cryptocurrency exchange. The group conducted approximately $7 million in 'wash trades' and placed over $300 million in 'spoof trades' for HYDRO. These actions misled retail investors into buying HYDRO at artificially inflated prices, resulting in the group profiting around $2 million over ten months. Nicole M. Argentieri, Principal Deputy Assistant Attorney General and head of the Justice Department’s Criminal Division, stated that Kane, Hampton, and their co-conspirators used a trading bot to manipulate the price of their company's cryptocurrency, thereby defrauding investors. Kane pleaded guilty in November 2023 to one count of conspiracy to commit securities price manipulation, one count of conspiracy to commit wire fraud, and two counts of wire fraud. Hampton was convicted by a federal jury on February 7 of one count of conspiracy to commit securities price manipulation and one count of conspiracy to commit wire fraud. The jury unanimously agreed that the defendants' sales of HYDRO were investment contracts, thus classifying the token as a security under federal securities law. This trial was the first criminal jury trial in which a cryptocurrency was deemed a security.

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@pixelverse_xyz Launching Token on TON as Telegram Game 'PixelTap' Takes Off. Via @decryptmedia 💎⬇ https://decrypt.co/237572/pixelverse-launching-token-ton-telegram-game-pixeltap

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DWallet Labs Launches Testnet, Wormhole Collaborates With AMD, Inco Secures $4.5M, and Meso Network Raises $9.5M According to CoinDesk, DWallet Labs has announced the testnet launch of dWallet Network, a first-of-its-kind composable modular signature network. The dWallet Network introduces a new primitive for multi-chain collaboration in Web3, called dWallets, which is a noncollusive and massively decentralized signing mechanism that can be used as a building block on L1s and L2s to sign native transactions to all chains. In other news, Wormhole, a blockchain interoperability platform, has announced a collaboration with microprocessor maker AMD. This collaboration will make enterprise-grade AMD FPGA hardware accelerators available to the Wormhole ecosystem, including the AMD Alveo™ U55C and U250 adaptable accelerator cards. AMD will also lend its deep hardware acceleration expertise to help deliver speed and scalability to multichain applications being built with Wormhole. Inco, a leading developer of a universal confidentiality layer for Ethereum and other networks, has secured $4.5 million in a seed round led by 1kx and launched its testnet Gentry. The testnet addresses Web3's confidentiality challenges, blending EVM with FHE and secured by Ethereum via EigenLayer. With native on-chain confidentiality and randomness, Inco empowers diverse dApps including gaming, DeFi, private lending, and blind auctions. Lastly, Meso, a payment platform connecting banks and blockchains, announced it has raised $9.5 million in a seed round, co-led by Solana Ventures and Ribbit Capital, with participation from 6th Man Ventures, Canonical Crypto, Phantom Co-Founder Chris Kalani, Pinterest CEO Bill Ready, and Archie Puri of Bodhi Labs. The network was launched by veterans from PayPal, Venmo, and Braintree, and allows apps to integrate Meso to onboard users without first sending them off to a centralized exchange to fund their wallets.

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US Stocks Rise as Nvidia Shares Soar to Record High According to BlockBeats, on February 22, US stocks opened higher with the Dow Jones Industrial Average gaining around 240 points, the S&P 500 Index rising 1.39%, and the Nasdaq Composite Index increasing 2.05%. Nvidia (NVDA.O) shares surged over 11% after its earnings report, reaching a new all-time high. Boosted by Nvidia's strong performance, US chip stocks rose across the board. AMD (AMD.O) shares climbed over 5%, Taiwan Semiconductor Manufacturing Company (TSM.N) gained 3.2%, and Intel (INTC.O), Amazon (AMZN.O), and Qualcomm (QCOM.O) each rose approximately 2%.

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Fintech dApp Startup Clave Raises $1.6 Million in Pre-Seed Funding Round According to BlockBeats, fintech dApp startup Clave has successfully raised $1.6 million in a pre-seed funding round. The round was led by Matter Labs, with participation from Safe, Lambda Class, Mirana Ventures, and angel investors Sandy Peng of Scroll, Raj Parekh of Portal, Anurag Arjun of Avail, and several industry leaders. Originating from Opclave, which debuted at the 2023 ETHGlobal Scaling Ethereum Hackathon, Clave aims to provide a simpler blockchain experience for everyone. The company is currently developing a non-custodial wallet designed to offer users a friendly, comprehensive financial experience through hardware-level security elements, such as Passkeys. Additionally, Clave is introducing account abstraction features to simplify wallet creation and usage. Users can create accounts with a single click, receive and send tokens using links and nicknames, and even split bills with friends.

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