American investor and former pharmaceutical executive Martin Shkreli has asked a Brooklyn federal court to dismiss claims against him by the NFT collective PleasrDAO over the ownership of a rare recording by the legendary hip-hop group Wu-Tang Clan. The move is the latest episode in a saga that began in June 2024, when PleasrDAO sued Shkreli, claiming he illegally made and kept copies of a one-off album called Once Upon a Time in Shaolin. The Wu-Tang Factor Shkreli’s January 6 filing wants the NFT group’s complaints against him thrown out as they are “preempted by the Copyright Act.” If the case should go on, then the ex-convict wants two members of the Wu-Tang Clan, Robert Diggs, also known as The RZA, and Tarik Azzougarh, who goes by Cilvaringz, to be included in the proceedings because they co-own the album. Shkreli initially purchased the secretive project in 2015 for $2 million at a private auction. Only one copy was made under a contract whose terms prevented the album’s public release until 2103. However, authorities seized the recording in 2018 following the pharma executive’s arrest after accusations of cheating investors and engaging in a stock fraud scheme involving his company, Retrophin Inc. Upon being found guilty, he was sentenced to seven years in prison and ordered to pay a $75,000 fine and $7.3 million in forfeiture. The album was put on sale to help pay off the debt to the government, with PleasrDAO buying it for $4.75 million in July 2021, after which it announced that it would mint the recording into an NFT . Nevertheless, in 2022, Shkreli was videoed playing the supposedly exclusive music on his YouTube channel, saying that he had made several copies of it and had hidden them in safes around the world. The businessman then started taunting the album’s rightful owners, PleasrDAO, reportedly telling them he plays the music on his Discord all the time. He also hosted listening parties for the recording on his X account, purportedly reaching nearly 5,000 people. Fight Over Music Ownership On June 10, 2024, PleasrDAO sued Shkreli, alleging that his actions had caused the collective significant monetary harm, decreasing the album’s marketability and value. While the investor claims his initial purchase agreement allowed him to keep 50% of the copyright even if he sold the actual physical album, PleasrDAO has insisted that their purchase included an agreement where he forfeited all his rights, titles, and interests. In August, a New York judge ordered the former drug firm executive to turn over all copies he’d made of the 31-track album and sign an affidavit affirming that he no longer had any in his possession. Still unsatisfied, the NFT group wrote a letter to the judge, stating its worry that the businessman had not handed over all the copies of the album and asked that he do a deeper search. Shkreli’s lawyers say he made an effort to comply with a list of additional searches requested by PleasrDAO but acknowledged that he may have failed to conduct some of them. The ex-convict recently made headlines after claiming to be the co-creator of a Donald Trump-themed meme coin, DJT, whose authenticity had been questioned amidst accusations of insider trading. The post Martin Shkreli Moves to Dismiss PleasrDAO’s Wu-Tang Clan Album Ownership Claims appeared first on CryptoPotato .
XRP's price surge raises concerns over potential short position liquidations. Technical indicators suggest possible fluctuations and support levels for XRP. Continue Reading: Ripple’s Surge Sparks Speculation: Will Short Positions Get Liquidated? The post Ripple’s Surge Sparks Speculation: Will Short Positions Get Liquidated? appeared first on COINTURK NEWS .
A grand jury has indicted three Russian citizens on charges connected to operating crypto-tumbling services. According to a new press release by the U.S. Department of Justice (DOJ), a federal grand jury has indicted Russian nationals Roman Ostapenko, Alexander Oleynik and Anton Tarasov for their alleged involvement in operating crypto mixers Blender.io and Sinbad.io. Crypto mixing services allow users to obfuscate the source of their funds by allowing them to pool their assets and blend them together. In the press release, authorities say that both of the services were sanctioned by the Office of Foreign Assets Control (OFAC) after entities with links to the North Korean government used Blender.io and Sinbad.io to launder stolen crypto and conceal their transactions. Blender.io was initially sanctioned in May 2022. Months after it got shut down, Sinbad.io popped up and provided similar services. It too was taken down in November 2023. As stated by Principal Deputy Assistant Attorney General Brent S. Wible, head of the Justice Department’s Criminal Division, “According to the indictment, the defendants operated cryptocurrency ‘mixers’ that served as safe havens for laundering criminally derived funds, including the proceeds of ransomware and wire fraud. By allegedly operating these mixers, the defendants made it easier for state-sponsored hacking groups and other cybercriminals to profit from offenses that jeopardized both public safety and national security.” Ostapenko and Oleynik were arrested in December 2024 while Tasarov remains at large, according to the press release. Ostapenko is charged with one count of conspiracy to commit money laundering and two counts of operating an unlicensed money transmitting business. Meanwhile, Oleynik and Tarasov are charged with one count of conspiracy to commit money laundering and one count of operating an unlicensed money transmitting business. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Federal Grand Jury Indicts Three Russian Nationals on Charges Related to Operating Crypto Mixing Services appeared first on The Daily Hodl .
The cryptocurrency market is bustling with activity, and this week’s spotlight falls on three standout tokens - Lightchain AI , Solana (SOL), and Binance Coin (BNB). These cryptocurrencies are gaining traction due to their innovative technologies, strong market positioning, and immense growth potential. With opportunities brewing, these tokens are worth monitoring closely for both short-term gains and long-term growth. Why This Week is Crucial for Crypto Investors This week is big for crypto buyers because of a few important happenings. Bitcoin is closing in on the $100,000 level; it trades at $102,060 which shows a 4.05% rise. Ethereum is at $3,693.95, which is up 1.58%. BNB rose by 4.04% to $734. 31 while XRP and Cardano have saw gains of 1.67% and 1.84%, reachin' $2.43 and $1.11, respectably. Experts think Bitcoin might go over $125,000 this time, swayed by the president-elect Donald Trump’s good view on crypto and expected rule changes. Also the next nonfarm jobs data on January 10 can change market feeling, since the Federal Reserve thinks about these numbers for future rate choices. Investors ne͏ed to watch these things closely; they are sure to greatly shape crypto markets. Top Cryptos to Watch Lightchain AI (LCAI) is at the forefront of integrating artificial intelligence with blockchain technology. During its presale, LCAI tokens are priced at $0.0048, with the project raising over $9.4 million, reflecting strong investor confidence. Solana (SOL) is renowned for its high-speed transactions and low fees, making it a top choice for decentralized applications and NFTs. Recently, Solana's market capitalization surpassed that of Binance Coin (BNB), positioning it as the fourth-largest cryptocurrency. Binance Coin (BNB) serves as the utility token for Binance, the world's largest cryptocurrency exchange. Its use cases include transaction fee reductions, participation in token sales, and more. BNB's value is closely tied to the growth and innovation within the Binance ecosystem. Investors should conduct thorough research and consider market volatility when evaluating these cryptocurrencies. Why Lightchain AI Is the Most Promising Pick Lightchain AI presents a unique growth opportunity with its early-stage pricing and innovative approach. By combining blockchain technology with AI, it delivers a scalable platform for developers and businesses while addressing key industry challenges. One of its standout features is homomorphic encryption, which allows computations on encrypted data without ever exposing it, ensuring complete data confidentiality throughout the process. For investors seeking emerging opportunities, Lightchain AI’s presale success and ambitious roadmap position it as a strong contender in the cryptocurrency space. With the potential for 100x growth, it is quickly becoming one of the best cryptocurrencies to watch this week. Its transformative vision and cutting-edge technology ensure it remains at the forefront of the blockchain revolution, making it a compelling choice for forward-thinking investors. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
The cryptocurrency market braces for potential volatility as traders anticipate impacts from President-elect Trump’s upcoming inauguration on January 20. Bitcoin (BTC) recently witnessed a downward trend, trading at approximately $94,000,
Bitcoin may experience short-term corrections up to and following the Jan. 20 inauguration of President-elect Trump in the United States.
Seven in ten publicly traded bitcoin (BTC) mining companies are enjoying a strong start to 2025, with Riot Platforms leading the pack in terms of percentage gains among the top ten firms by market cap. Riot Platforms Rallies As 7 out of the Top 10 Bitcoin Miners by Market Cap Start 2025 in the Green
The cryptocurrency market is bustling with activity, and this week’s spotlight falls on three standout tokens - Lightchain AI , Solana (SOL), and Binance Coin (BNB). These cryptocurrencies are gaining traction due to their innovative technologies, strong market positioning, and immense growth potential. With opportunities brewing, these tokens are worth monitoring closely for both short-term gains and long-term growth. Why This Week is Crucial for Crypto Investors This week is big for crypto buyers because of a few important happenings. Bitcoin is closing in on the $100,000 level; it trades at $102,060 which shows a 4.05% rise. Ethereum is at $3,693.95, which is up 1.58%. BNB rose by 4.04% to $734. 31 while XRP and Cardano have saw gains of 1.67% and 1.84%, reachin' $2.43 and $1.11, respectably. Experts think Bitcoin might go over $125,000 this time, swayed by the president-elect Donald Trump’s good view on crypto and expected rule changes. Also the next nonfarm jobs data on January 10 can change market feeling, since the Federal Reserve thinks about these numbers for future rate choices. Investors ne͏ed to watch these things closely; they are sure to greatly shape crypto markets. Top Cryptos to Watch Lightchain AI (LCAI) is at the forefront of integrating artificial intelligence with blockchain technology. During its presale, LCAI tokens are priced at $0.0048, with the project raising over $9.4 million, reflecting strong investor confidence. Solana (SOL) is renowned for its high-speed transactions and low fees, making it a top choice for decentralized applications and NFTs. Recently, Solana's market capitalization surpassed that of Binance Coin (BNB), positioning it as the fourth-largest cryptocurrency. Binance Coin (BNB) serves as the utility token for Binance, the world's largest cryptocurrency exchange. Its use cases include transaction fee reductions, participation in token sales, and more. BNB's value is closely tied to the growth and innovation within the Binance ecosystem. Investors should conduct thorough research and consider market volatility when evaluating these cryptocurrencies. Why Lightchain AI Is the Most Promising Pick Lightchain AI presents a unique growth opportunity with its early-stage pricing and innovative approach. By combining blockchain technology with AI, it delivers a scalable platform for developers and businesses while addressing key industry challenges. One of its standout features is homomorphic encryption, which allows computations on encrypted data without ever exposing it, ensuring complete data confidentiality throughout the process. For investors seeking emerging opportunities, Lightchain AI’s presale success and ambitious roadmap position it as a strong contender in the cryptocurrency space. With the potential for 100x growth, it is quickly becoming one of the best cryptocurrencies to watch this week. Its transformative vision and cutting-edge technology ensure it remains at the forefront of the blockchain revolution, making it a compelling choice for forward-thinking investors. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice
Matt Hougan highlights key factors influencing Bitcoin's potential price increase. Government adoption as a reserve asset could significantly impact Bitcoin's value. Continue Reading: Expert Highlights Key Factors Driving Bitcoin Prices Higher The post Expert Highlights Key Factors Driving Bitcoin Prices Higher appeared first on COINTURK NEWS .
As the cryptocurrency market remains as unpredictable as ever, the race to $1 has captivated the imaginations of investors. Dogecoin (DOGE), the original meme coin, and Lightchain AI , a cutting-edge blockchain project, are two contenders in this exciting competition. While Dogecoin relies on its widespread popularity and strong community, Lightchain AI brings a fresh perspective with its innovative technology and growing presale momentum. With Dogecoin sitting well below the $1 mark and Lightchain AI currently in Stage 12 of its presale at $0.00525, the question remains: which coin will hit the $1 milestone first? Dogecoin Original Meme Coin’s Battle for Relevance Dogecoin's path from a joke-based money to a w͏orldwide hit has been quite amazing. Its big group and known support from people like Elon Musk have pushed it into common talks. But, Dogecoin has big troubles in its run to $1. With a flow of more than 140 billion coins and no set top supply, DOGE’s price rise is held back by rising token rules. For Dogecoin to hit $1 it would need a lot of people using it and using in real life situations. Even with tries to make it a money for small payments and tips, its use is still quite limited. Experts think that Dogecoin's way to $1 depends on more help from its fans and more businesses ready to take it as payment. Lightchain AI An Innovative Challenger While Dogecoin relies on its popularity, Lightchain AI enters the race with a focus on technology and practicality. As a blockchain project that integrates artificial intelligence, Lightchain AI is designed to solve real-world inefficiencies through scalable and efficient systems. Unlike Dogecoin, Lightchain AI has a defined supply cap of 10 billion tokens, ensuring scarcity as demand grows. One of Lightchain AI’s standout features is its focus on energy efficiency. By implementing a blockchain design that consumes significantly less energy than traditional networks, Lightchain AI appeals to businesses and developers looking for sustainable solutions. Its modular architecture further enhances scalability, making it an ideal platform for decentralized applications. With over $10 million raised in its presale, Lightchain AI has already demonstrated strong investor confidence, positioning it as a serious contender in the crypto market. Comparing the Race Dynamics The race to $1 for Dogecoin and Lightchain AI highlights the contrasting approaches of meme coins and utility-driven projects. Dogecoin has a head start in terms of market presence and adoption but struggles with its inflationary tokenomics and limited use cases. In contrast, Lightchain AI is a newer entrant with a clear focus on solving blockchain inefficiencies and providing long-term value. Dogecoin’s community-driven model has proven resilient, but its success depends on external factors like celebrity endorsements and speculative trading. Lightchain AI , on the other hand, offers tangible utility and a well-defined roadmap, which could attract developers, businesses, and long-term investors. While Dogecoin relies on sentiment, Lightchain AI’s success is rooted in its innovative design and scalability. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice