Tezos ICO Class Action Looms After Motion to Dismiss Denied

news “My first loss was with CoinsMarkets. It happened when the exchange closed with our funds. I didn’t even try to contact anyone or alert any police.” These are the words of an intrepid crypto investor – one of many who responded to a tweet asking about the lack of recourse people face when their…

Nov 3, 2020 at 14:00 UTCUpdated Nov 3, 2020 at 14:23 UTCSingapore-based NIFTEX, the platform that allows for the fractional trading of non-fungible tokens (NFTs), announced a $500,000 funding round led by 1kx and joined by CoinFund, MetaCartel Ventures and Digital Currency Group (CoinDesk’s parent company).The company launched its alpha version five months ago and…

Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the “harms they impose on society,” the White House’s Council of Economic Advisers (CEA) argued Tuesday in an online post.The administration’s blog entry…

Artificial intelligence (AI) platform Ritual has raised $25 million, led by Archetype and with participation from Accomplice and Robot Ventures, to address the centralized nature of the AI revolution that has unfolded this year.Ritual's aim is to open access to the infrastructure that lies behind AI innovation, which at present "lies in the hands of

Dec 28, 2020 at 8:06 p.m. UTCOKCoin to Suspend XRP Trading and Deposits on January 4OKCoin said it will suspend XRP trading and deposits on its crypto exchange, effective on January 4, 2021, according to its statement on Monday afternoon. The exchange specified two key dates along the suspension timeline. “At 3 a.m. UTC time…

The U.S. Consumer Financial Protection Bureau (CFPB) wants to oversee large nonbank payment providers to ensure they're complying with the same laws that more traditional financial institutions abide by – and some subsectors of crypto transactions are included.Tuesday's proposal would, if adopted, let the CFPB look after parties involved in "general-use digital consumer payment applications,"

Jan 8, 2020 at 11:00 UTCUpdated Jan 8, 2020 at 11:34 UTCViewBitcoin hit seven-week highs during the Asian trading hours and could extend the rally to a key Fibonacci hurdle above $8,600.A weekly close (Sunday, UTC) above $7,960 looks likely and would confirm a falling channel breakout on the weekly chart and signal a revival…

The average Ethereum transaction fee has passed $20 for the first time.Old gas pump(Tim MossholderUnsplash)Feb 4, 2021 at 9:02 a.m. UTCEthereum Transaction Fees Hit Record Highs As Ether, DeFi Coins SoarFees for transacting on the Ethereum network breached previous records, passing above $20 for the first time Thursday.As of 05:45 UTC, the average and median…

Bitcoin ETFs experienced a net outflow of $77 million, snapping a 12-day streak of inflows. Traders say price action will remain subdued until U.S. presidential candidates comment on cryptocurrency regulation. Bitcoin {{BTC}} exchange-traded funds (ETFs) broke a 12-day inflow streak on Tuesday as investors withdrew a net $78 million from the U.S.-listed products, data from