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Canadian NBA basketball star Shai Gilgeous-Alexander has won a lawsuit reversing his purchase of an $8.4 million mansion after threatening strangers kept visiting the property looking for its previous tenant: Ontario’s self-proclaimed ‘crypto king.’ Gilgeous-Alexander filed the lawsuit in X this year. He claimed the estate agents had misrepresented the property as “private and secure” and failed to disclose a “safety risk.” The pro-athlete claimed strangers threatened to burn down the property, attempted to break in , and bothered owners in pursuit of ‘crypto king’ Aiden Pleterski. Gilgeous-Alexander won the lawsuit on November 27. According to the judge, “[The seller] suppressed the truth about the Burlington property, which in this case amounted to a fraudulent misrepresentation.”  ‘Crypto King’ still gambling and jet-setting despite $40M bankruptcy Read more: Ontario ‘crypto king’ allegedly held ransom by investor who lost $74...

There’s a wave of uncertainty at Binance as Changpeng Zhao resigns as CEO, pleading guilty to money laundering violations. The exchange faces a $4.3 billion settlement fee for its involvement. The key question: Will this turmoil affect BNB’s price? Bearish pressure looms over BNB, and invest ors are closely watching for the impact of recent developments. Meanwhile, some invest ors are paying attention to InQubeta (QUBE), a new AI altcoin .  This article will explore the potential price outlook for BNB post-saga and the increasing interest in InQubeta. InQubeta attracting investors InQubeta, a new decentralized finance (defi) project focused on solving the fundraising challenges faced by AI startups, has raised over $5.4 million. This support, some analysts claim, points to the project’s potential and approach to AI startup funding. You might also like: Bitcoin’s ‘Uptober’: possible impact on XRP, Cardano, and InQubeta InQubeta plans to launch a cr...

Bitfarms’s C$60 million private placement with US institutional investors closes on or about November 28. The Canadian bitcoin mining firm will use the proceeds to acquire buy more miners and expand its infrastructure. Bitcoin mining company Bitfarms is seeking to raise C$60 million (approx. $44 million) from institutional investors in the US, the Canada-based firm announced on Friday. Bitfarms will raise the funds via a private placement, with gross proceeds from 44.4 million common shares at C$1.35 per share. Investors will also have warrants to purchase an aggregate of 22.2 million common shares with an exercise price of C$1.61 ($1.17) per share. The warrants have an exercise period of three years, Bitfarms said in a press release on Friday. Bitfarms will use the private placement ’s proceeds to acquire additional miners, expand its infrastructure and improve the company’s working capital position. The firm’s monthly mining ou...

The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors. Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects. Rosen Law Firm, a global law firm focused on investor rights’ protection, announced on Jan. 30 that it’s planning to file a class action lawsuit against Yuga Labs.  Rosen invited purchasers of Yuga securities — including BAYC NFTs and the native token ApeCoin (APE) — to join the class action against Yuga by the lead plaintiff deadline set for Feb. 7. The Law firm emphasized that Yuga securities’ investor s that bought BAYC and APE between April 23, 2021, and Dec. 8, 2022, may be entitled to compensation without payment of any additional costs through a contingency fee arrangement. The new case targets a large number of defendants, including Yuga Labs co-founder Wylie Ar...