CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges.
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AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery
AAVE, the governance token of the decentralized finance (DeFi) protocol Aave, experienced a 17% decline between July 30 and August 1, reaching the $62 level. While the $62 support has demonstrated its resilience, the current price of $64.40 is still 12% below the daily close on July 30. Investors are now questioning whether this movement signifies…

Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report
The former FTX CEO attended an emergency hearing of the Bahamas Magistrate Court just hours earlier, returning to prison following the event. 1232 Total views 5 Total shares Own this piece of crypto history Collect this article as NFTFormer FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be…

Japan’s Shinsei Bank, Nippon Wealth Form Business Alliance with Blockchain Startup ConsenSys
Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8.According to an English-language press release published the same date, the MoU entails a business alliance between Shinsei Bank, Hong Kong-based restricted license bank Nippon Wealth, Singaporean…
Bitcoin mining restricted to legal entities in Uzbekistan: Official
Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated. 220 Total views 2 Total shares Cryptocurrency mining in Uzbekistan is overcoming major changes as the country’s major crypto market supervisor has approved a framework for licensing crypto mining operations.Uzbekistan’s National

Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked
The Sacramento Kings — who spearheaded Bitcoin (BTC) payments for fan merchandise back in 2014 — have revealed some of the quirks in their history of cryptocurrency engagement.According to a Nov. 21 report from Front Office Sports, the NBA team’s chief technology officer, Ryan Montoya, remarked:“People from all over the world were buying Kings jerseys,…

Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen of…

19-Year Old Suspect Charged With $1 Million Crypto Heist via SIM-Swaps
A 19-year old man has been indicted for identity theft as part of an alleged $1+ million cryptocurrency heist affecting at least 75 victims in the United States. A news release published on Dec. 18 by Manhattan District Attorney Cyrus R. Vance alleged that Yousef Selassie, 19, conducted a complex “SIM-swapping” scheme targeting residents across 20…

IBM and Citibank Join Singapore Late-Stage Blockchain Accelerator
IBM, Citibank and video game giant Ubisoft have signed up to Singapore-based blockchain accelerator Tribe Accelerator.Corporations mingle with blockchain startupsLocal news outlet TheStraitsTimes reported on Sept. 18 that the companies above joined as corporate partners Tribe accelerator for the second edition of its four-month program. Per the report, Tribe helps blockchain startups in their growth-stage…