District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too much delay Source
U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
Day: April 1, 2023
Dogecoin Rises Amidst Lawsuit Against Elon Musk Over Cryptocurrency Tweets
Elon Musk, the CEO of Tesla Inc, has requested a US judge dismiss a $258 billion lawsuit against him by Dogecoin (DOGE) investors. The lawsuit accuses Musk of running a pyramid scheme to support the popular cryptocurrency, Dogecoin. In a court filing on Friday, Musk’s lawyers referred to the lawsuit as a “fanciful work of fantancy.” They argued that the investors had failed to provide any evidence of fraud or explain how Musk intended to defraud anyone. They further added that Musk’s tweets about Dogecoin were innocent and silly and…
BTC Nears $29,000 to Start April, as ETH Also Rebounds – Markets and Prices Bitcoin News
Bitcoin was back in the green on Saturday, as prices moved close to the $29,000 level to start the weekend. Following a volatile session on Friday, cryptocurrency markets were mostly higher entering April. Ethereum moved back above the $1,800 level. Bitcoin Bitcoin (BTC) rose towards $29,000 on Saturday, as markets continued to react to yesterday’s personal consumption expenditure (PCE) figures in the United States. PCE climbed to 0.3% in March, less than the 0.4% markets were expecting, showing that inflation was slowing. BTC/USD rose to an intraday high of $28,802.46…
Worldcoin integrates Proof of Personhood to counter fake news created by AI
Worldcoin, in a recent announcement, said it is adopting Proof of Personhood to help advance its systems for better services. With the introduction of methods that may enhance fairness, social interaction, and trust, Worldcoin’s implementation of Proof of Personhood (PoP) is a significant advance with the potential to revolutionize the online realm. Worldcoin is creating a decentralized system to verify identities without compromising users’ privacy. PoP solves two significant problems caused by artificial intelligence (AI) advancements: restricting the number of accounts a user may establish and stopping the widespread spread of fake…
Justin Sun rumored to be selling his Huobi Exchange shares
Sources have it that Justin Sun, the inventor of Tron, is in talks to sell some of his holdings in Huobi Global, a crypto exchange. Last year, Justin Sun paid $1b for the crypto exchange after Hong Kong-based investment company About Capital, managed by Leon Li, the exchange’s creator and primary shareholder bought it out. Justin Sun disputes selling his Huobi Global stock According to a source with intimate knowledge of the situation who spoke with Bloomberg, Justin Sun has talked with possible investors about selling a stake in Huobi Global. A Huobi…
More than 3600 Bitcoin ATMs went offline to record largest monthly decline
Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In nearly a decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. However, the trend is reversing, reveals Coin ATM Radar data. Net change of cryptocurrency machines…
Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025 – Taxes Bitcoin News
Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus to Maintain Its Crypto-Friendly Tax Regime for Another 2 Years President of Belarus Alexander Lukashenko has approved the extension of the tax preferences provided to crypto companies registered in the country and people involved in the industry. On Tuesday, the Belarusian leader signed Decree…
Bittrex to shut down US operations, cites regulatory challenges
Bittrex, one of the oldest cryptocurrency exchanges in the United States, stated on Mar. 31 that it would be shutting down its operations owing to the “regulatory and economic climate” in the nation. While winding down operations in the United States, the official statement claims that customers’ money will continue to be safe and accessible for withdrawal at any time. Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. operations, effective April 30, 2023. All funds are safe and can be fully withdrawn…
Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk
A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly abroad. The Seoul Southern District Prosecutors Office took advantage of this situation and, on March 27, requested an arrest warrant for…
‘AI Tools Will Provide Very Interesting Enhancements for the Metaverse’ — Upland Co-Founder – Interview Bitcoin News
According to Dirk Lueth, co-founder of the Upland Metaverse, the colonization of the metaverse by tech giants and the building of so-called “walled garden systems” is not sustainable. Lueth argues that instead of “locking users in,” the metaverse should usher in “a future where they are free to move between platforms and can easily take their assets and identity with them.” ‘Walled Garden Systems’ Not Sustainable While interest in the metaverse has seemingly dissipated as evidenced by Meta’s decision to focus on artificial intelligence (AI), Dirk Lueth argues that AI…