Early Ethereum adviser sues law firm for $100M over crypto extortion case defense
Law firm Covington & Burling has denied Steven Nerayoff’s allegations, calling his lawsuit “meritless” and vowing to “vigorously” fight it.
Related Posts


Telegram Responds to Investors on SEC Action, Hearing Set for Oct. 24
Telegram Open Network (TON) developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sale was illegal.No clear feedback from SEC for 18 monthsAccording to a TON letter to investors obtained by Cointelegraph, the firm has been trying to solicit feedback from the United States Securities and Exchange Commission (SEC)…

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin
US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve. The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin

A legal asset after all? Governments are cashing in on seized crypto
It is customary for government officials around the world to profess their disdain for crypto on the grounds that it is widely used to facilitate crime and finance terrorism. Although (government-backed) cash still remains criminals’ preferred financial tool by a wide margin, it is true that nefarious actors also turn to digital assets. When corrupt…

Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT
One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT.The core developer said he hasn't been the first Bitcoin developer to have his name or his work…

IBM Joins Decentralized ‘Yellow Pages’ for Blockchain Projects
IBM has joined a decentralized cross-blockchain registry initiative which it states is a Yellow Pages analogue for blockchain projects, according to an announcement September 13.The initiative called Unbounded Registry will be led by blockchain startup HACERA, and is designed to provide “a decentralized means to register, look up, join and transact across a variety of…

Shopping with Crypto: More Than 240 Locations in Slovenia Accept Payment Via New App
The team behind a mobile application enabling shoppers to pay with crypto at online and brick-and-mortar stores has unveiled new features and a redesign — enabling consumers to shop as post-New Year sales are in full swing.Eligma, a startup dedicated to smart commerce and blockchain advocacy, says the latest version of its Elipay app has…

7 details in the CFTC lawsuit against Binance you may have missed
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of market manipulation and a lack of compliance effort, the regulator has also accused the exchange of not cooperating with investigative subpoenas and obscuring the location of its executive offices. Binance…

Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain
Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745. In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a growing…