Brazilian bank suspends native crypto token trading following 97% price drop

On March 3, District Judge Charles Pannell dismissed a lawsuit claiming securities fraud charges against rapper ‘T.I.’ for selling FLiK tokens for his company’s initial coin offering (ICO) during August 2017.The judge failed to find concrete evidence of securities violations or negligent misrepresentation as T.I. made no claims regarding the value of the FLiK tokens:“The…

The FTX debtors want to “unlock” $9 billion in share value and management fees that they dispute through the Delaware Court of Chancery. 1326 Total views 21 Total shares Own this piece of history Collect this article as an NFTAlameda Research has filed suit against Grayscale Investments in the Court of Chancery in the State…

At the time the first BTC was sent, there wasn’t even a cash value associated with the crypto asset, compared to the more than $43,000 it is on Wednesday, Jan. 12. 719 Total views 24 Total shares It’s been exactly 13 years to the day since computer scientist Hal Finney became the recipient of the…

Our weekly roundup of news from East Asia curates the industry’s most important developments.Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been so severe…

Ether, the native cryptocurrency of Ethereum, rose to $1,161 but immediately corrected thereafter. 3361 Total views 10 Total shares The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain, achieved $1,161 for the first time since January 2018. Immediately after it hit a new three-year high, ETH corrected to below $900.Ether rallied due…

South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30. Local news outlet dongA reported on Dec. 19:“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize Busan's local economy and ease the…

Bitcoin price (BTC) was challenging $9,500 on Oct. 29 as the largest cryptocurrency preserved its higher levels after a bullish breakout over the weekend.Cryptocurrency market daily overview. Source: Coin360Analyst: Bitcoin suggests further upside on the cardsData from Coin360 showed BTC/USD repeatedly attempt a fresh push past $9,500 on Tuesday. The level seemed difficult to crack,…

The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation. 495 Total views 28 Total shares Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business…

"I am fascinated by blockchain app development and am beyond thrilled to enter the Web3 space," says Wyatt. 245 Total views 10 Total shares On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily…