Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter. Source: https://cointelegraph.com/news/crypto-boss-resigns-after-being-robbed-at-gunpoint?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Early Ethereum adviser sues law firm for $100M over crypto extortion case defense
Law firm Covington & Burling have denied allegations by Steven Nerayoff, calling his lawsuit “meritless” and vowing to “vigorously” fight it. Source: https://cointelegraph.com/news/former-ethereum-advisor-sues-law-firm-for-100-m-over-extortion-case-defence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto ownership isn’t rising with recent market growth, Fed survey claims
Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute. Source: https://cointelegraph.com/news/crypto-ownership-isn-t-rising-with-recent-market-growth-fed-survey?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […] Source: https://news.bitcoin.com/latam-insights-venezuelan-opposition-leader-proposes-bitcoin-reserve-maduro-wants-to-retake-the-crypto-path/
Friend.tech token drops 26% after team shirks control of smart contracts
Friend.tech transferred control of some of its smart contracts to a null address, which can never be reversed. Source: https://cointelegraph.com/news/friend-tech-token-plummets-smart-contract-control-null-address?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Martin Shkreli’s claim he forfeited all copies of Wu-Tang album ‘dubious,’ says PleasrDAO
PleasrDAO claims Martin Shkreli hasn’t handed over all existing copies of a one-of-one Wu-Tang album, alleging he publicly boasted about giving copies to “like, 50 different chicks.” Source: https://cointelegraph.com/news/martin-shkreli-s-claim-he-forfeited-all-copies-of-wu-tang-album-dubious-says-pleasr-dao?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […] Source: https://news.bitcoin.com/uk-regulator-87-of-crypto-firms-fail-to-meet-registration-requirements/
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […] Source: https://news.bitcoin.com/russia-expands-digital-ruble-pilot-with-new-features-widespread-use-expected-in-2025/
Ripple CEO: Japan’s Leaders Committed to Advancing Crypto and Blockchain Technology
Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […] Source: https://news.bitcoin.com/ripple-ceo-japans-leaders-committed-to-advancing-crypto-and-blockchain-technology/
Important context behind ASIC’s recent judgment and why Australia should prioritise implementing a clear crypto regulatory framework
What happened Recently, an Australian Federal Court issued a judgment in a lawsuit filed by ASIC against Kraken concerning the availability of our Margin Extension product to Australian retail investors. We adamantly believe that our clients deserve access to innovative crypto products. We supported the Court’s effort to seek clarification around our Margin Extension product, which we believed fully complied…