The plaintiff’s brought up Musk’s Saturday Night Live appearance in 2021, where he portrayed “a fictitious financial expert” and called Dogecoin “a hustle,” resulting in a steep price decline minutes later.
Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report Terra’s branding at MLB opener draws attention from spectators
An attendee shared an image of a Terra banner with the slogan “a decentralized economy needs decentralized money,” prominently displayed during Major League Baseball’s opening day.
Nifty News: Avalanche launches mentoring initiative, Beeple opens massive new studio and more
The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders.
DeFi KYC: Not an issue as ‘99% have nothing to hide,’ industry execs say
Traditional finance observes “money laundering happening every day” despite rigorous KYC measures, according to DeFi industry execs.
EU lawmakers push for stricter rules on anonymous crypto transfers
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against and six abstentions.
Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report
The Terraform Labs co-founder reportedly established “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.
Tim Draper recommends founders hold ’at least’ two payrolls ‘worth of cash’ in crypto
American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.“
US explores additional bank support, favoring First Republic: Report
Despite banking laws stating remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” that First Republic benefits, according to unnamed sources.
Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them
In a court filing, lawyers in a class-action lawsuit alleged that Ben Armstrong “began harassing” them after he was named a defendant.
Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary
Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans to do so.
SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout: Report
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm’s “near-collapse.”
Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report
The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation.
US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report
The banking coalition reportedly argued in a letter to federal regulators that it would bring stability to the banking industry and reduce the chances of “more bank failures.”
Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he would “never forgive” the hacker as the exploit caused him to lose time with his newborn son.
Euler hacker seemingly taking their chances, sends funds to crypto mixer
Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.
Signature Bank investigated for money laundering prior to demise: Report
The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
Bitcoin market cap flips tech giant Meta, widens gap on Visa
BTC’s market cap has climbed to the 11th spot among top assets by market cap, sitting behind electric vehicle maker Tesla.
Fix mistake in ‘48 hours’ or face ‘destruction’ — Bill Ackman warns government
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” and should be fired.
Silicon Valley Bank’s UK branch shut down by Bank of England
However, several UK venture capital firms have come out in support of the shuttered firm, stating it plays a "pivotal" role in supporting startups.
The crypto industry has ‘already started’ moving outside US, says Ripple CEO
Ripple’s CEO Brad Garlinghouse said the SEC’s lawsuit against Ripple is the regulator playing “offense” and “attacking” the industry as a whole.
CZ denounces rumor ‘widely’ spread on China’s WeChat
A MetaMask security analyst said the rumor was the “2023 adaptation of attempted market manipulation.”
Gaming engine Unity adds MetaMask functionality among new Web3 tools
Blockchains Solana and Tezos were among the 13 “vetted” crypto platforms added to Unity’s asset store.
Colombia’s legal system experiments in the metaverse: Report
Colombia has positioned itself at the forefront of innovative ways to conduct legal proceedings after recently hosting a trial in the metaverse.
GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot Bitcoin ETF, there would “no longer” be a discount or a premium amid ongoing legal action against the SEC.
US crypto regulation happening ‘behind closed doors’ — Blockchain Association CEO
The “work has been done” for stablecoin regulation in the U.S., but many in Washington D.C. are feeling “burned” and “betrayed” over the FTX collapse last year.
Voyager creditors serve SBF a subpoena to appear in court for a ‘remote deposition’
Bankman-Fried has only a few days to meet document requirements before his appearance in court next week.
ShapeShift responds to Sen. Warren’s comments to ‘set the record straight’
Switzerland-based crypto platform claimed Warren made “mistakes” in comments at a recent senate hearing and encouraged her to “constructively engage” with its community.
Sequoia Capital, Paradigm among VCs facing ‘tricky’ FTX investor lawsuit
It’s a “tricky case,” as it is unknown what obligation these firms had to “completely separate investors,” suggests a crypto lawyer.
Brazil’s oldest bank allows residents to pay their taxes using crypto
The move will allow Brazilian taxpayers to easily settle their tax liabilities while expanding “access” to the digital asset ecosystem.
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin following a recent visit to the country.