It turns out that installing spyware on smartphones isn’t as easy as it sounds. Lawyers for Sam Bankman-Fried said that they have encountered unexpected challenges while attempting to comply with specific bail conditions set forth by the court. The issue in question is installing software on his parents’ smartphones that would take pictures of the user every five minutes in order…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, would not answer a direct question in a congressional hearing about whether ether is a security. While the SEC chair insisted that the law is clear on crypto, Congressman Patrick McHenry argued that the SEC’s regulatory actions say “there’s a great deal of uncertainty.” Lawmaker Probes SEC Chair…
Bitcoin’s mining difficulty is set to jump tomorrow as the “work” part of proof of work shifts into yet another tier. The price of the biggest cryptocurrency by market cap (despite dropping today) has been on a roll this year—it’s up over 75% since the start of 2023. Another metric that keeps rising is the asset’s mining difficulty, from 47.89…
Taylor Swift, a pop icon and 12-time Grammy Award winner, reportedly turned down a $100 million sponsorship offer from the now-bankrupt cryptocurrency exchange FTX due to concerns about unregistered securities. A number of FTX celebrity endorsers are currently facing a class action lawsuit, including Shaquille O’Neal (Shaq), Tom Brady, and Larry David. How Taylor Swift Avoided Partnering With FTX Taylor…
United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it’s reportedly set to launch a derivatives exchange based there as soon as next week. According to an April 19 blog post, Coinbase revealed it had “received our regulatory license to operate from the Bermuda Monetary Authority” — the nation’s financial regulator. The license, a Class F…
A trial date is now set for OpenSea’s former head of product Nathaniel Chastain, who will face charges on April 24, show court documents. When the case goes to trial, Chastain will face charges of wire fraud and money laundering. In a memo filed yesterday, U.S. District Judge Jesse M. Furman denied a number of motions filed by both sides…
The advent of blockchain technology has revolutionized several industries, ranging from finance (DeFi) and gaming (GameFi) to Web2 brands such as Nike for digital fashion and Starbucks for Web3 customer loyalty. However, one area that has remained essentially unchanged is physical infrastructure. Traditionally, the deployment and management of physical infrastructure, such as telecom networks, cloud services, mobility networks and power…
Bitcoin and select altcoins turned down sharply on April 19 but a minor positive is that the bulls are trying to defend their respective support levels. Source: https://cointelegraph.com/public/index.php/news/price-analysis-4-19-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area markets, whereas it only served Danish companies under its previous limited permission. Januar provides International Bank Account Number (IBAN) business accounts to crypto businesses. Linking…
Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC. In an April 19 announcement, Sotheby’s said it would auction off nonfungible token, or NFT, artwork assembled as part of 3AC’s digital portfolio in 2021. The firm will begin the auction with sales of…
