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A new class action lawsuit alleges that Yuga Labs, the company behind ApeCoin and Bored Ape Yacht Club, swindled investors. Miami-based Yuga touted its non-fungible tokens (NFTs) and coins for having huge growth prospects and investment returns through celebrity promoters and endorsements, according to Scott+Scott, the law firm organizing the case.
According to the international law firm Scott+Scott's website, there's a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.
The Scott+Scott law firm is currently inviting individual investors who want to "seek restitution for losses" related to the firm's tokens and NFTs.
A federal court lawsuit has not yet been filed on behalf of the plaintiffs in this case. So far, the
Yuga Labs has been threatened with a lawsuit for “fraudulently promoting” Bored Ape Yacht Club (BAYC) and ApeCoin. The law firm is representing investors who purchased the assets between April and June.
The phrase ‘pump and dump‘ seems to be trending all over the crypto market, of late. You might wonder what this means.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The extended pulldown from ApeCoin's [APE] all-time high (ATH) finally saw a buying rebuttal from its all-time low level in the $3.1 zone.
The bear market has upset many people. Yet, this post is all about the top 5 cryptocurrencies that have earned excellently in the last seven days.
Apecoin price trades higher following a previous day's downside movement. The buyers emerge near the lower level indicating the underlying sentiment is in favor of the bulls.
The ApeCoin DAO in a tweet today announced the launch of a robust ApeCoin (APE) staking system in Autumn. The community is disappointed with the delay in the implementation of ApeCoin staking and criticized the APE Foundation for being less transparent regarding updates.
There's still excitement about the crypto market today.
Several altcoins are gaining attention as the cryptocurrency market is on the mend, including ApeCoin (APE) and Curve DAO (CRV), which have increased by 17% and 24% over the previous 24 hours, respectively. People are becoming more optimistic as a result of these improvements.
On July 18, Apecoin's price surged by 20 per cent, closing the markets at $5.99, a trend that has continued into today's session.
The crypto markets are back in green, led by substantial gains from Ethereum, Polkadot, Avalanche, and ApeCoin.
This week has been one of the best for the crypto market since the of the crypto winter.
A wide swath of meme tokens are trading lower today, despite assurances Musk hasn't sold his Dogecoin.
No matter how much the industry or individual investors grow to love or hate cryptocurrencies, there's always an undeniable excitement that comes with new projects in the space. The promise of new technology, new use cases, and, of course, new money always manages to stoke the fires of interest.
The Apecoin (APE) price has inflated by 50% over the last week to reclaim dominance over the $6 mark. Furthermore, the demand continues to increase, projecting a potential price jump above the $7 resistance level.
The year, 2022 can be considered as one of the most challenging years for the cryptocurrency market as a whole. The last two months have been a rough ride for the NFT marketplace in particular.
The market might be down, but you would be mistaken to think there are no opportunities available to make a profit. Even during extended bear markets, there are always pockets of the industry that see growth.
Apecoin surged 22% after the demo of the Otherside metaverse trip that was offered to a handful of players only so let's read more today in our latest altcoin news. The utility token for the Bored Ape Yacht Club game Otherside started surging in value recently after the first demo trip yesterday.
APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40.
Three months after the launch of its, ‘Otherside' Metaverse, Yuga Labs, on 16 July, gave access to over 4300 players to test its yet-to-be-launched gaming world.
Investors are bidding up Ethereum's utility tokens as The Merge approaches.
