Green United loses bid to dismiss $18M crypto mining fraud suit
The defendants are accused of operating a fraudulent crypto-mining operation that sold mining equipment for a blockchain that didn’t exist.
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Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial institutions begin to provide services related to Web3, crypto and NFTs, they would be custodians of client assets. They must protect their…

Ghana gearing for central bank digital currency pilot
Ghana is striving to become the first African nation to float a central bank digital currency. 1007 Total views 5 Total shares The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central bank digital currency (CBDC) experiment.Speaking during a news conference in Ghana’s capital, Accra, on Monday, Ernest Addison, governor of…

Pro-XRP attorney’s phone hacked to promote LAW token
Lawyer John Deaton alerted followers via his daughter’s account, urging people to report the hack as the XRP community responded, spreading awareness. 363 Total views 2 Total shares Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days.CryptoLaw, an account created by the attorney representing over 76,000…

EOS Network lands $60M investment and partnership from DWF Labs
DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption. 1640 Total views 4 Total shares Own this piece of history Collect this article as an NFTIn its most substantial…

Legal Implications of Secondary SAFT Sales, Part 2
The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary forward contracts on SAFTs. Accordingly, it is difficult to determine the appropriate U.S. federal income tax treatment of a secondary forward contract on a…

Bitcoin tags $100K despite warning Fed rate cut pause 'here to stay'
Bitcoin decides that bad news is good news as a mixed US employment outlook sends BTC price action back to six figures.

Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows
Bitcoin price spikes continue as data reveals exchange activity is anything but flat this week. 365 Total views 9 Total shares Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have…

Analysts come unglued ahead of Nvidia earnings call — $10T within 5 years
The Sept. 28 earnings report is being called the most important event of the year for the stock market.