On a sunsplashed day in the Swiss Alps, the CTO of Bitfinex and Tether, Paolo Ardoino shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and–crucially–his favorite pizza toppings. Fresh off the plan from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that–in contrast to the WEF–there…
An institution hailing from the world of Web3 is stepping into the Octagon for the first time. Today, the UFC announced a marketing partnership with VeChain, the company behind the Ethereum-compatible public network by the same name. The organization will make its debut in mixed martial arts during UFC 275: Teixeira vs Prochazka, taking place in the Singapore Indoor Stadium…
Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that…
Logan Bolinger is a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics, geopolitics and law. Part Two: The Big “This” That Bitcoin Fixes “Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.” – Groucho Marx In Part One of this series, I wrote…
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and Innovative Startups in South Korea…
Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this. Cryptocurrencies smashed…
Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than four hours after the resistance level proved to be tougher than expected. The $32,300 level represented a 20% increase from the May 12 swing low at $27,000 and it provided the necessary hope for bulls to buy some $34,000 and higher call options. The fleeting…
Bitcoin bank Custodia is suing the Federal Reserve for delays in the approval process to acquire a “Master Account.”Having a master account allows the bank access to greater capacity for products and services while significantly reducing costs.The process has been delayed 19 months and the Federal Reserve states that applicants are typically decided on within “5-7 business days.” Custodia, the…
Legendary New York hip-hop artist and producer, Jay-Z has joined forces with the founder of Cash App, Jack Dorsey, to launch “The Bitcoin Academy,” an educational program advocating for the democratic vision that “education is power.” Exclusively available for residents of the Marcy Project public housing complex in New York City, the scheme will commence June 22 and run until…
An appeal filed on behalf of Terraform Labs CEO Do Kwon was overruled on June 8 by a U.S. court, stating he and his company are required to comply with investigations by the Securities and Exchange Commission (SEC) into the South Korean-based company’s Mirror Protocol. It’s the latest development in legal tensions between the SEC and Kwon, affirming a ruling…
