Crypto markets, coming out of a long bear market, remain choppy. Elwood CEO Chris Lawn said the decision to sell the OTC business was not about a bull or bear market, but instead an illustration of how the digital assets industry is maturing, with new entrants demanding institutional-grade SaaS solutions. Source
Arguably closer to real world scenarios, the Bermuda-based XBTO has been working on mid-tier corporate debt issuances, including two instances of tokenized debt, or “senior e-notes,” by boutique airline BermudAir. In the coming weeks, hemp and CBD producer AgroRef is also launching an e-note on XBTO. Source
“Today, Guo’s schemes have been put to an end. Moments ago, a unanimous jury found Miles Guo guilty of racketeering conspiracy and various securities fraud, wire fraud, and money laundering charges. He faces decades in prison,” U.S. Attorney Damian Williams said in a statement. Source
Trump’s presidential campaign has raised about $3 million in crypto, mostly bitcoin and ether. Source
The notice – which must be displayed on Wright’s website for six months – declares that Wright lied “extensively and repeatedly” in court proceedings where he claimed to be Satoshi Nakamoto, and “attempted to create a false narrative by forging documents ‘on a grand scale’.” Wright’s web of lies, spun through “multiple legal actions” constitute a “most serious abuse” of the legal systems in the U.K., Norway, and the U.S., the declaration reads. It also links visitors to the full judgment against Wright, and “its appendix detailing various forged documents…
DePIN could bring back that sense of personalization and community, but in a distinctly modern way. Imagine a world where your car has an on-chain digital twin, allowing you to customize its appearance, participate in virtual car shows or even race digital versions of your real-world vehicle. Your car becomes a key to a whole new ecosystem. This gamification of car ownership could extend to the real world, too. Blockchain-based systems could reward safe driving, optimal route-taking or real-world carbon offsets. Suddenly, your daily commute becomes a game, with valuable…
Kama and Porter’s first amended complaint against their former employer contained explosive allegations that Northern Data lied to investors about the strength of its finances, hiding the fact that it is “borderline insolvent,” and, additionally, is “knowingly committing tax evasion to the tune of potentially tens of millions of dollars.” Source
To be sure, the assets under management (AUM) attributable to IBIT, BlackRock’s Spot Bitcoin ETF, remains miniscule in the face of BlackRock’s total AUM (if you take out the AUM of IBIT – $18 billion – from BlackRock’s total AUM of $10.6 trillion, you’re still left with $10.6 trillion). Still, Fink’s comment further legitimizes bitcoin in the eyes of the Boomer financial advisors now that firms like BlackRock and Fidelity (still waiting on Vanguard) bless bitcoin as a legitimate asset with a place in portfolios. Source
The biggest challenge for the evolution of Web3-AI might be overcoming its own reality distortion field, says Jesus Rodriguez, CEO, IntoTheBlock. Source
Gambaryan’s health has steadily deteriorated since he was detained in Nigeria in February. At first, Gambaryan was placed under home detention but was later transferred to the notoriously dangerous Kuje prison – which holds violent criminals including members of the Boko Haram terrorist group – after his colleague and fellow detainee, British-Kenyan citizen Nadeem Anjarwalla, escaped. Source