Day: November 28, 2022

Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran

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Jack Dorsey’s Block sues Bitcoin.com for trademark infringement

Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private sale in May 2022.  In a letter addressed to Bitcoin.com CEO Dennis Jarvis and the company’s legal counsel Joseph Collement, lawyers representing Block claimed that Bitcoin.com’s use of “Verse” constituted trademark infringement under German trademark law. The letter, dated Aug. 10, 2022, was a follow-up to a July 4, 2022 notice in which Block’s legal counsel, Bird & Bird, first laid…

Crypto Funds Have Biggest Outflows in 12 Weeks

“Regionally, the negative sentiment was focused on the U.S., Sweden and Canada, which all saw either outflows from long investment products or inflows into short products,” said James Butterfill, head of research at CoinShares. “Germany and Switzerland stood out as investors in aggregate, added to long only or sold out of short positions.” Original Source BiggestCryptoFundsOutflowsWeeks CryptoX Portal

Crypto Funds See Biggest Outflows in 12 Weeks

“Regionally, the negative sentiment was focussed on the U.S., Sweden and Canada, which all saw either outflows from long investment products or inflows into short products,” said James Butterfill, head of research at CoinShares. “Germany and Switzerland stood out as investors in aggregate, added to long only or sold out of short positions.” Source

Central Banks and Bitcoin: Closer Than You Think

boss

I used to think the adoption of bitcoin by central banks for their reserves would happen soon, given the urgent need in some pockets of the global economy – now I realize that getting regulators comfortable with the idea, especially after the high level of misunderstanding of what the FTX collapse is actually about (i.e., fraud, not crypto), could take some time. But it is becoming increasingly clear to me that it will happen, because it needs to happen. The doubt and distrust sown by recent crypto drama will recede,…

FTX logos and promotional material still everywhere despite bankruptcy proceedings

boss

Before its liquidity issues and bankruptcy filing in November, FTX was well known for its prolific stance on making sponsorship deals. Even with many in and out of the space now associating the exchange with failed financial institutions, traces of the promotional glitter bomb it has unleashed on the world aren’t likely to go away anytime soon. In Abu Dhabi, attendees for the Gumball 3000 motor rally in November noted on social media that wristbands for the event and more than one of the vehicles bore FTX’s logo, as did…

Crypto fund investment still dominated by the United States: Database

Despite venture capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds. That is why Cryptox Research created a Crypto Funds Database, which keeps track of a list of nearly 900 different crypto funds from around the world. This database is designed for…