Judge Issues Default Judgment in ICO Fraud Lawsuit

feature The NEM Foundation, a community-funded nonprofit established to promote the NEM blockchain, is planning layoffs across its entire 150-person staff in the wake of severe budget cuts and ahead of an imminent restructuring, CoinDesk has learned. The newly elected president of the NEM Foundation, Alex Tinsman, told CoinDesk Wednesday the Singapore-based NEM Foundation now intends…

Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs.Crypto price tracking site CoinMarketCap is diving into…

PAXG spiked as high as $2,923 on Saturday, trading at premium of over 20% to gold's per ounce price of $2,342.90 on Friday.Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge.Prices for PAX Gold (PAXG), a gold-backed digital asset created by Paxos, surged over the

Imagine a world where your artificial intelligence (AI) assistant could manage your finances, schedule appointments and tailor your social media feed to show content that won’t aggravate you. This AI might be trained to also curate your non-fungible token (NFT) art collection and help you file your crypto taxes.It may sound like science fiction, but…

May 12, 2020 at 13:00 UTCUpdated May 12, 2020 at 13:25 UTCIts CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers.Sources told The Wall Street Journal Tuesday the bank signed two popular regulated exchanges – Coinbase and Gemini, the latter founded by Tyler and…

Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.Financial technology company Digital Asset will start a privacy-enabled interoperable blockchain network designed to provide a decentralized infrastructure for institutional clients, the firm announced on Tuesday.Participants…

Nexus Mutual, a startup that provides decentralized alternatives to traditional insurance, has partnered with InShare, a firm that manages mutual insurance organizations, to bring blockchain-based cover to real world risks.The partnership sees Nexus adding some of its $274 million on-chain capital pool capacity to The Retail Mutual, a U.K.-based mutual organization comprising more than 5,000…

Coronavirus have a "crown-like" structure, image via the Ecohealth AllianceCoronavirus Checks China’s Blockchain AmbitionsJames Cooper is a Professor of Law at California Western School of Law in San Diego. It was inevitable: the scent of bitter almonds always reminded him of the fate of non-reciprocal trade. American nuts are to be sold en masse to…

news Japan has officially revised its laws to provide more clarity – and tighter controls – over cryptocurrency. The legislation amending the Payment Services Act and Financial Instruments and Exchange Act was formally enacted on May 31 and will take effect in April of next year. Among the notable changes, the act does away with the…