A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit. The Oct. 25 order follows an April 21 partial summary judgement granted…
Phishing scammers have been spreading fake news of a $37 million dollar Uniswap exploit using a convincing fake Blockworks website. News Join us on social networks Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into interacting with a phishing site. A cloned Blockworks site displays a fake “BREAKING”…
Sam Bankman-Fried took the witness stand during his criminal trial on Thursday. But as the former crypto mogul spoke, the jury was nowhere to be found. U.S. District Judge Lewis Kaplan—who presides over Bankman-Fried’s case—sent the group home around 2:00 pm. To assess whether certain topics should be precluded from Bankman-Fried’s testimony tomorrow, Judge Kaplan called for a special hearing.…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Largest money laundering scandal in Australia unravels Changjiang Currency Exchange, a money transmitter business based in Australia, has beenbustedin a $145 million ($230 million Aussie dollar) money laundering scandal. On October 26 a 300-strong police operation spanning Melbourne, Sydney, Brisbane, Adelaide, and Perth arrested seven individuals…
Investors have been waiting a decade for a spot Bitcoin ETF—and now it looks like one might be just around the corner. The price of Bitcoin jumped Monday after talk that the world’s biggest asset manager, BlackRock, was closer to getting approval from the U.S. Securities and Exchange Commission on its Bitcoin ETF application. Analysts and experts in the space…
A U.S. District Judge in California issued a judgment on Wednesday in favor of Yuga Labs, creators of the popular Bored Ape Yacht Club, against Ryder Ripps (“Ripps”) and Jeremy Cahen (“Cahen”) and awarded Yuga Labs over $1.5 million in damage, the amount the court said Ripps and Cahen made in profits from the sale of Ryder Ripps Bored Ape…
Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel. In an Oct. 26 letter to U.S. Attorney General Merrick Garland, Lummis and Arkansas Representative French Hill urged Justice Department officials to “reach a charging decision…
Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s tes… Source: https://cointelegraph.com/public/index.php/news/prosecutors-rest-case-sam-bankman-fried-testify
Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023. According to the October 26 thread, Sun says that HTX generated a total of $202 million in revenues during the quarter, which was offset by $104 million…
For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value. However, all indications suggest that we are witnessing a significant shift in this paradigm. Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has been the use of the…
