US Supreme Court bucks Nvidia’s appeal to dismiss crypto class suit
Nvidia lost a Supreme Court challenge to stop an investor-led lawsuit that claims it understated its GPU sales to crypto miners.
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Civic, BitGo to Release New Wallet for Crypto and Identity Data
Decentralized identity startup Civic and blockchain security firm BitGo plan to launch a new wallet using BitGo’s multisig technology in Q4 2019.In a press release shared with Cointelegraph on July 23, the two firms revealed that the forthcoming “Civic Wallet” will host hold both cryptocurrency and identity data on mobile devices.Control and security over funds…

Dubai crypto regulator suspends BitOasis crypto exchange license
BitOasis was the first crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time. Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.On July 10,…

UK Finance Minister Says Regulators Should Decide on Libra, Not Lawmakers
The United Kingdom Finance Minister Philip Hammond said that regulators and not lawmakers should decide on how to regulate Facebook’s stablecoin Libra, CNBC reported on July 15.In an interview with CNBC’s “Squawk Box,” Hammond said that lawmakers should not decide to require the social media giant Facebook to acquire a bank license as it is…

No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop
The self-styled "savings game" is hoovering user deposits, leading to meaty lottery payouts 1126 Total views 10 Total shares No-loss lotteries appear to have found a snug product-market fit. Just a few days after the airdrop of their governance token, POOL, the self-styled “savings game” PoolTogether has cracked $50 million in total value locked with ease,…

Wright Decision & Paypal Allowing Crypto: Bad Crypto News of the Week
It’s been a relatively calm time for Bitcoin this week. The price has dropped a little, but not much and it’s still tickling $10,000. That makes concerns about a correction that takes the coin as low as $7,700 feel moot. If it happens, some experts say it would be a buying opportunity. Others though, think…

Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal
Dubai royal and Emirates Group chairman Sheikh Ahmed bin Al Maktoum is backing Lichtenstein-based cryptocurrency fund manager Invao, according to a report from Bloomberg on Feb 5. The fund management firm purportedly aims to secure more investors in the United Arab Emirates (UAE).The Sheikh’s private office, known simply as The Private Office, will reportedly help…

Powering DeFi market: Overview of the top 5 DEXs by total trade volume
One of the most groundbreaking advancements to come out from within the realm of blockchain technology is the concept of a decentralized exchange. In its most basic form, a DEX can be thought of as a cryptocurrency buy/sell platform that allows its users to facilitate monetary exchanges without the need of any assets having to…

Normie memecoin team mulls hacker demands after token falls 99%
The price of NORMIE sunk 99% in less than three hours after a smart contract exploit, temporarily gutting its market cap from nearly $42 million to $200,000.