A group of investors behind a class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations have dropped the case. In a Sept. 28 filing in United States District Court for the Northern District of California, lawyers representing plaintiff Nick Patterson, who filed the lawsuit on behalf of investors, filed a notice of voluntary dismissal only against…
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2, citing changes in the market. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We didn’t see the opportunity at…
Could Twitter, also known as X, become Twitch’s next big rival? Twitter owner and former CEO Elon Musk published a livestream of himself playing Blizzard’s role-playing game Diablo IV on the social media site early Monday to trial its new livestreaming studio feature for Premium users. “Tested the X video game streamer system last night. It works!” the Tesla CEO…
Noted author Michael Lewis was buried under a Crypto Twitter pile-on after he highlighted FTX’s ability to generate cash in an interview with CBS’ 60 Minutes. During the broadcast, Lewis sought to distinguish Sam Bankman-Fried’s collapsed crypto empire from the infamous operations of other convicted fraudsters, such as Bernie Madoff. “This isn’t a Ponzi scheme,” Lewis said. “The problem is,…
United States Commodity Futures Trading Commission (CFTC) chair Rostin Behnam highlighted his agency’s activity in the crypto sphere and the need for up-to-date legislation at the Financial Industry Association Expo 2023 event in Chicago. He described the CFTC Enforcement Division’s efforts as a “nonstop drumbeat.” In the text version of his keynote address to the industry group, Behnam recounted the…
To telegraph the release of its upcoming collaboration with Adidas Originals, luxury outerwear brand Moncler is unveiling a new campaign entitled “The Art of Explorers.” The campaign pairs “AI-generated adventurers” with mixed media sculptures, alongside an immersive digital experience and a limited edition collection of NFTs. Moncler challenged multidisciplinary artists to create sculptures of explorers drawing inspiration from looks in…
Michael Lewis, author of The Big Short, has painted an interesting picture of Sam Bankman-Fried (SBF) in his soon-to-be released book on the former FTX CEO. In an excerpt of Going Infinite: The Rise and Fall of a New Tycoon published in the Washington Post on Oct. 1, Lewis described several interactions Bankman-Fried had with the media and influential figures…
Despite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. When it comes to spot Ether (ETH) ETFs from VanEck and ARK 21Shares, the SEC delayed making decisions until Dec.…
Cryptocurrency trading firm and liquidity provider GSR’s Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. “GSR is proud to have met the rigorous admission requirements set by MAS and will be working diligently towards a full license,” the firm said in its Oct.…
The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset servi… Source: https://cointelegraph.com/app/public/index.php/news/kenya-parliamentary-committee-shutdown-worldcoin
