Chainalysis to appear in court over $650M defamation suit

After posting Bitcoin inquiry on Twitter, Harry Potter author J.K. Rowling held her own amid a flood of various comments from the crypto community. 407 Total views 18 Total shares Harry Potter author, J.K. Rowling, recently asked for an explanation of Bitcoin (BTC) on Twitter, bringing an onslaught of commentary from the crypto community. "This started…

The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme. The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In

The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud.As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders. JPMorgan performed “thousands” of illegal movesAccording to investigators, the employees willfully…

A couple of years back, the term “exit scam” became synonymous with the crypto industry. This was at a time when the market (at large) was replete with a number of cash grab ventures that looked great on paper but had little to no substantive value to back them up.In its most basic sense, an…

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s noteDeFi has stolen the show lately. Spectacular rises and falls of unaudited tokens named after meme-able foods changing hands via ascendant liquidity pools have left many of us unimaginative observers mostly blinking.In this area, I can…

The major credit card company may be readying to provide “virtual concierge services” related to credit card transactions “in the metaverse and other virtual worlds.” 364 Total views 36 Total shares Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse.According to…

Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act.Pioneer in comprehensive regulationOn Oct. 3, the Parliament of Liechtenstein approved the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity. The new law will enter into…

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.

As part of a recent tweet calling all novelists to message her with their questions on Bitcoin, journalist Leigh Cuen publicized a tweeted response from none other than beloved Harry Potter author, J.K. Rowling.   "I don’t understand Bitcoin," Rowling said, adding, "Please explain it to me."Dear JK Rowling:The first thing you need to understand is…