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.
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Researchers Claim 99.9% of Zcash Transactions Are Traceable
Researchers from Carnegie Mellon University have released a study into the privacy features of Monero (XMR) and Zcash (ZEC) — arguably the two most-popular crypto assets purporting to offer users anonymity.The report finds that Monero’s introduction of strict security and anonymity requirements on its broader ecosystem has maintained the asset’s status as “effectively untraceable.”Transversely, the…

Major Banks Santander, MUFG Lead $14M Investment in Securitize
Securitize, a Coinbase-backed token issuance protocol, raised $14 million in a funding round led by the venture capital (VC) wings of major commercial banks. The San Francisco-based startup has conducted an extension of its Series A round to continue developing its technology platform.According to a press release on Sept. 24, three major investor banks included Santander’s…

Peer Into the Crystal Ball: Will BTC Halving Echo Fate of BCH and BSV?
With the Bitcoin (BTC) halving only weeks away, anticipation appears to be building up as Google Trends data for the event show online searches reaching an all-time high. Bitcoin’s block reward halving comes following that of Bitcoin Cash (BCH) and Bitcoin SV (BSV), where miners moved their hashing power to the BTC Chain.Several crypto pundits…

BoE official compares current crypto market regulation to ‘unsafe aeroplanes’
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of "same risk, same regulatory outcome." 160 Total views 4 Total shares Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto…

Coinbase CEO announces documentary on cryptocurrency and exchange
Armstrong said that the documentary will capture “the good, bad, and ugly” of building a tech start-up from the ground up. 202 Total views 3 Total shares Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up…

Jailed crypto scammers blew stolen funds on shark tank, hookers: Report
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.

White Label Exchange Provider AlphaPoint Raises $5.6 Million
New York-based white label exchange provider AlphaPoint has raised a further $5.6 million from investors to help scale its exchange technology.AlphaPoint’s tech is currently used as the backend for 150 exchanges across 35 countries, servicing more than a million end users. The funding will be used for platform development and to roll out more sophisticated…

Some Top-20 Coins Still Making Gains, Others Trade Sideways
Tuesday, Oct. 29 — Most top-20 digital currencies are trading sideways today, with a few reporting minor losses. The markets are seeing mixed signals as of press time, according to the data from Coin360.Cryptocurrency market daily overview. Source: Coin360Bitcoin (BTC) is down less than one percent over the past 24 hours and is trading at…