BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

NFT News Weekly Round Up: Logan Paul gets sued, and Will Elon add Doge?

by Chiwuike Owunwa
Feb 4, 2023 - 12:00 am
in Bitcoin
photo 2022 04 26 15 58 09

Will Crypto flourish with twitter going private?

An overview of the NFT space from Logan Paul’s lawsuit following his actions with CZ NFT and the addition of crypto payment to NFT-supporting social media platform Twitter.

🚨Logan Paul was just sued in a class action lawsuit for his role in CryptoZoo, along with Jeff Levin, Crypto King, Eddie Ibanez and more. pic.twitter.com/Wmk3jM8grx

— Coffeezilla (@coffeebreak_YT) February 3, 2023

Logan Paul, an internet influencer and early investor in NFTs, unveiled yet another NFT project. Don Holland then initiated a legal process against Logan, claiming that Logan used his numerous advertisement channels to promote and encourage the purchase of NFTs without doing his due diligence.

It seems Logan lost funds in the last project he unveiled. The lawsuit claims he attempted to take advantage of the situation by manipulating the market for his Zoo token, which is supposed to be digital money. Also, he said that “CryptoZoo was never issued as claimed, and the Zoo token value plunged.

Logan and his associates marketed CZ NFTs to their users, making false claims after making payments for CZ NFT, they would receive benefits from the transaction, which included rewards, exclusive access to other cryptocurrency assets, and the endorsement of an online ecosystem to use and market CZ NFTs according to the acquisition.

Thus, Paul and his accomplices were accused of participating in deceptive representation and acts of negligence and unjust enrichment. In addition, they were charged with conspiracy to conduct fraud and breaching the Deceptive Trade Practices Act of the state of Texas.

Then NFT-supporting Social media giant is set to add yet another feature to its platform.

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Twitter has officially started the regulatory process to add payment features in the United States! @Elonmusk recently explained, "There's a role for crypto in the future. It’s a no-brainer for Twitter to have payments in both fiat and crypto" pic.twitter.com/f71EZFa1LP

— Documenting ₿itcoin 📄 (@DocumentingBTC) January 30, 2023

In January 2021, Twitter users were allowed to display their NFTs as profile pictures on their Twitter accounts. Then Twitter Tiles was launched, allowing users to display, list, and trade NFTs housed on different Blockchains and marketplaces.

To give users more value for their currencies and attract more users, Twitter has started regulatory processes to add payment features to their US-based users.

The feature started back in 2021. The former CEO of Twitter, Jack Dorsey, shared plans to allow users to tip content creators and receive payments from their followers. Now Twitter is registering its payment processing subsidiary called Twitter Payments LLC. The process began last year, and if it gains state-level approval, it intends to be fiat focused.

In an interview with Elon Musk, the owner of Twitter, he clarified that Cryptocurrencies are the future of payment. In his opinion, almost all money is digital. Thus, Twitter Payment LLC aims to be both fiat-focused and crypto-focused. The intention is to design the payment platform to enable crypto asset functionality in the near future.

Tags: LawsuitTwitter
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Law enforcement agents take down BidenCash dark web marketplace and seize associated domains and cryptocurrency

US Seizes 145 Domains and Crypto Linked to BidenCash Dark Web Market

June 5, 2025

US seizes 145 domains and crypto from BidenCash, a dark web site accused of selling 15M stolen cards...

SEC Chair Paul Atkins addressing Senate about crypto regulatory changes

SEC to Ditch ‘Regulation by Enforcement’ in Favor of Transparent Crypto Rulemaking, Says Chair Atkins

June 4, 2025

SEC’s Paul Atkins says crypto regulation will shift from court actions to public rulemaking, focusing on clarity, innovation,...

Remixpoint logo with Bitcoin graphics symbolizing increased crypto holdings

Remixpoint to Acquire $7M More in Bitcoin, Boosting Crypto Holdings to $84M

May 26, 2025

Remixpoint greenlights $7M Bitcoin buy, taking its crypto investment to $84M as part of its evolving financial strategy...

Chart showing Bitcoin price drop from all-time high and liquidation impact

Bitcoin Drops From $111K ATH, Triggering $560M in Liquidations

May 24, 2025

Bitcoin’s drop from $111K ATH triggered $560M in liquidations across crypto markets, with 160K traders hit amid Trump’s...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise