Bitcoin Daily: New York AG Mulls Shutting Down Crypto Trading App Coinseed Over Alleged Fraud; SpaceX Now Takes Dogecoin To Pay For Moon Trip

SpaceX, the company helmed by Elon Musk, is launching its “DOGE-1 Mission to the Moon” campaign, which “will obtain lunar-spatial intelligence from sensors and cameras on board with integrated communications and computational systems” and fly to the actual moon, CNBC writes.

CNBC reports that the DOGE-1 will fly a 40 kilogram cube satellite as a payload on the Falcon 9 rocket.

Tom Ochinero, SpaceX vice president of commercial sales, said in a statement that DOGE-1 “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”

Dfinity plans to release the “Internet Computer,” which a report says has been “one of the most ambitious and long-lasting cryptocurrency projects.”

The Internet Computer is a group of technologies that could support a new generation of distributed applications and services developing in the blockchain world.

Dfinity, which started work in 2017, set out to build a faster, cheaper version of ethereum, blockchain with “smart contracts,” and software code that runs automatically when some conditions are met.

Even before this week’s launch, the futures trading for digital tokens has suggested it could become one of the most valuable cryptos, with the value at one point reaching over $100 billion.

New York state Attorney General Letitia James has moved to shut down automated crypto trading app Coinseed for reportedly defrauding its users, CoinDesk writes.

The activity allegedly continued even as Coinseed faced pressure from multiple fronts.

James accused Coinseed in February of stealing $1 million from investors via hidden fees, false claims and a flopped token.

Coinbase reports that the U.S. Securities and Exchange Commission (SEC) laid token registration violations on Coinseed in a separate suit.

The new evidence also comes with allegations of unauthorized trading activity, according to filings.