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NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement

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Basketball legend Shaquille O’Neal has reached a settlement in a lawsuit over his involvement with the Astrals NFT project. O’Neal, along with several other celebrities, had been accused of misleading investors by promoting the NFT collection without properly disclosing their financial interests. The settlement, which resolves the legal dispute, comes after a lengthy legal battle regarding the marketing and promotion of the Astrals NFT project, which faced allegations of fraud and deceptive practices.

As part of the settlement, O’Neal has agreed to compensate affected investors, although the exact financial terms have not been disclosed. The lawsuit centered on claims that O’Neal and other high-profile figures misrepresented the NFT project to their followers, leading to substantial financial losses when the value of the NFTs plummeted. The case highlights ongoing concerns about celebrity endorsements in the emerging NFT space, with regulators increasingly scrutinizing the roles of public figures in promoting digital assets.

O’Neal, who had previously denied any wrongdoing, is one of several celebrities who have faced legal challenges related to NFTs and cryptocurrency endorsements. The rise of NFTs has attracted a wide range of influencers and celebrities eager to capitalize on the digital art and collectibles market, but the volatility of these assets has led to legal disputes over transparency and accountability. This settlement may set a precedent for how celebrity involvement in such projects is handled legally moving forward.

The resolution of the case provides a sense of closure for the parties involved, but it also raises important questions about the responsibilities of celebrities in endorsing financial products. As the NFT market continues to grow, the incident serves as a reminder of the potential legal risks for high-profile figures who promote digital assets without full disclosure. Moving forward, this settlement could influence how similar cases are approached, particularly as the legal landscape for NFTs and digital assets continues to develop.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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