The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to…
FTX used to have a D.C. office across the street from the White House and Treasury Department, according to court documents. That’s closer—physically, at least—than either the Blockchain Association or Coin Center’s offices were to key lawmakers, which are 25- and 10-minute drives away, respectively. The office has come up in court filings because FTX’s legal team is trying to…
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study conducted by Jangyoun Lee, an…
The Flare (FLR) token airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (XRP) holders took place on Dec. 12, 2020. The FLR airdrop was distributed at a ratio of 1.0073 FLR per 1 XRP and the initial distribution saw 15% of the total supply released to the community. A total of 28.5 billion FLR…
The business model that cryptocurrency exchanges currently use relies on ignorance and fear. It relies on their customers not knowing much about decentralized finance (DeFi) and their fear of what could happen if they get things wrong with their crypto investments. Cryptocurrencies seem like an obscure and risky investment to most, and unsurprisingly, concerns about losing assets in market crashes,…
The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time to,” Member of Parliament and HM Treasury Economic Secretary Andrew Griffith told a meeting of the UK Parliament Treasury Committee on Jan. 10, underscoring that…
Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog post, Binance said the basis for the report — later amended to clarify the difference between a pegged and backed stablecoin — was a “timing mismatch in backing Binance-Peg…
Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by operating the stablecoin, UST, as a “Ponzi scheme.” Three Arrows…
Fight for the Future, a digital rights advocacy group, has posted an open letter on its website encouraging the new class of United States congresspeople to protect privacy. The letter has attracted dozens of companies and organizations as cosigners. “Increasingly, the incredible creative power of US software developers is being chilled by clumsy, misguided legislative and regulatory actions,” the authors…
BONK fever is still raging in the Solana community, as an NFT collection inspired by the dog-themed meme token launched, quickly sold out, and now is trading for 10 times the original sale price. However, the actual Solana-based BONK token is still shedding value after last week’s surge, now down 69% from the peak price. BONKz, a Solana NFT collection…
