Day: August 30, 2023

Judge dismisses class-action suit against Uniswap over token scam losses

The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange. Judge Katherine Polk Failla, who handed down the dismissal, is also hearing the Securities and Exchange Commission’s case against Coinbase. The suit was brought by six individuals who bought tokens on Uniswap between December 2020 and March 2022. They argued on the behalf of a “nationwide class of users”…

Court decision in SEC-Grayscale case spurs bitcoin rally

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BINANCE BUZZ: There’s been a lot of news over the past week on the big U.S. crypto exchange – some of it good, some not so good, some neutral. The overarching theme is that the company expanded rapidly in recent years, and now it’s facing intense scrutiny from regulators, having to retrench in some business lines and regions, while pivoting in others. Binance this week cut ties with five sanctioned Russian banks listed on the exchange’s peer-to-peer service for transferring funds in rubles. The move came just days after the…

GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale’s Victory Lap

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On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and Exchange Commission (SEC). Following this, Grayscale’s GBTC shares trading volume significantly increased, climbing to a 2-year high in the process. GBTC Shares See 17% Increase According to data from Yahoo Finance, GBTC’s share price had opened at $17.66 on the day and closed at $20.56, rising by almost 17% from the previous day. Furthermore, the fund saw its busiest day in over a year, with over 19 million…

76% of Vietnamese crypto holders invest based on referrals — Report

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Over three-quarters of Vietnamese crypto holders make investment decisions through friends’ referrals. That’s according to an Aug. 30 report by Vietnamese venture capital firms Kyros Ventures and Coin68, alongside Animoca Brands. In the 3,300-participant survey, 75.5% of participants admitted being “influenced by recommendations or referrals” regarding crypto investing. The amount is 2.5 times higher than reported in the United States. Self-study, community groups and media news were the biggest sources of information for Vietnamese crypto investors, with nearly one in two electing such methods. The “Vietnam Cryptocurrency Market Report” for…

Robinhood Wallet integrates Bitcoin, Dogecoin networks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robinhood, the investment platform, announced on Wednesday, Aug. 30, that it has expanded the capabilities of its web3 wallet to include support for Bitcoin(BTC) and Dogecoin(DOGE) networks. Initially launched in September 2022 for a limited set of iOS users, the Robinhood Wallet was built on the Polygon blockchain, and as of March this year, it became available to iOS users in 130 countries. The recent changes come after Robinhood said it had heard from its users…

US Copyright Office issues notice of inquiry on artificial intelligence

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The United States Copyright Office issued an official request for comments and notice of inquiry on copyright and artificial intelligence (AI) in the Federal Register on Aug. 30.  The Copyright Office issued a notice of inquiry in the Federal Register seeking public comment on questions about copyright law and policy issues raised by AI systems. Initial comments are due by October 18, 2023. Reply comments are due November 15, 2023. https://t.co/fNiHB1W7SI pic.twitter.com/3vNBRNxGJj — US Copyright Office (@CopyrightOffice) August 30, 2023 According to the filing, the Copyright Office is seeking “factual…

Controversial Euro CBDC Plan to Be Led by Stefan Berger, Architect of Landmark MiCA Crypto Law

The digital euro “is a solution looking for a problem and potentially only causes problems … it will only cause confusion amongst consumers and could undermine confidence in financial systems,” Hoogeveen said, although he acknowledged his party might not have enough votes to reject the plans outright. “We’ll at least try to adjust it and I will try my utmost to address the concerns of citizens.” Source

Crypto donations fund fire relief efforts on Maui

Relief efforts are still underway on the Hawaiian island of Maui following a series of wildfires severely damaging major areas including Lahaina. All Hands and Hearts, a disaster relief organization, has been collecting cryptocurrency and fiat donations to assist local Maui residents in the wake of the fires which took the lives of more than 100 people and destroyed homes and businesses. Government officials have reported the cost to rebuild may be more than $5.5 billion. “Cryptocurrency donations as any other type of donations are helping to provide essential support…