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Emin Gün Sirer, creator of the Avalanche Consensus protocol and CEO of Ava Labs, believes that there is one very straightforward method to spot a long-standing cryptocurrency project. On Feb. 7 Sirer discussed blockchain venture capital and crypto regulation in a fireside chat with MarketAcross chief operations officer Itai Elizur at the Web3 builder-focused event,…
” Dubai releases crypto regulations for virtual asset service providers “ The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASPs) operating within the emirate. According to Irina Heaver, a crypto and blockchain lawyer based in the United Arab…
” Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company “ The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for their own gain. Chief executive John Harney and DGF Investments Inc —…
” Yuga Labs settles lawsuit with developer involved in copycat BAYCs “ The creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC. On Feb. 6, Yuga Labs settled a lawsuit that involved Thomas Lehman, the developer of…
” ‘Haunts me to this day’ — Crypto project hacked for $4M in a hotel lobby “ The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome. The bizarre aspect of the story,…
” Crypto firms could face 2 years jail for breaching UK advertising laws “ Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog. In a Feb. 6 statement,…
” Sam Bankman-Fried lawyers reach agreement on use of messaging apps “ Sam Bankman-Fried’s (SBF’s) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps. According to a Feb. 6 court document, both parties have agreed SBF “shall not use any encrypted or ephemeral call of messaging application, including but not…
” Genesis entity going up for sale as DCG makes creditor pact “ Genesis Global has announced it has reached an “agreement in principle” with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts. According to a Feb. 6 press release, DCG would contribute…
Pentagon ‘did not detect’ previous Chinese spy balloons: US general A top U.S. general said that the Pentagon did not detect previous Chinese spy balloons as they were in the air, after former President Trump and members of his administration vehemently denied a claim from defense officials that such balloons had flown over the U.S….
House GOP seeks to divide, conquer Democrats on socialism As House Republicans aim to use their majority to divide Democrats on toxic political issues, they found early success this month making new hay out of an old idea: the “horrors” of socialism. House GOP leaders staged a vote Thursday on a resolution condemning socialism as a…