Monero’s Riccardo Spagni denied bail in fraud case
Spagni has not been convicted of anything yet, but he stands accused of defrauding his former employer, Cape Cookies, out of R1.4 million, or just shy of US$100,000, over the course of two years.
Articles By Gavin Lucas:
Historic 2GB block earns miner over 16 bitcoins
As users engage with popular BSV apps like CryptoFights, and as fees overtake the value of the block subsidy, miners will face increasing pressure to switch their hash power to the more profitable BSV blockchain.
Federal Reserve worries about stablecoins as pressure mounts on Tether
The U.S. Federal Reserve recently released minutes of its latest meeting, and one of the topics they discussed was stablecoins, specifically the risk stablecoins pose to financial stability.
August shaping up to be Binance’s worst month ever
Regulators and law enforcement agencies across the globe have begun to clamp down on rogue players and write regulations to bring the criminal elements within the blockchain arena to heel.
DeFi Money Market charges latest example of why DeFi can’t escape law
The U.S. securities regulator recently brought charges against Gregory Keough and Derek Acree, and their Cayman Islands company for raising $30 million by selling illegal securities via so-called smart contracts.
FunFair’s blockchain casino closes due to Ethereum congestion
King Tiger Casino, a blockchain casino app owned by FunFair Technologies, recently announced that it was temporarily shutting down due to congestion on Ethereum.
Poly Network attack: Here’s what happened to biggest DeFi hack in history
The Poly Network allows users to swap tokens across multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and others. Poly Network announced the attack on Twitter on August 10.
Meltdown as Biden infrastructure bill causes panic in digital currency sector
The digital currency industry experienced somewhat of a meltdown over the course of the last few days due to a clause in the Biden administration’s Infrastructure Bill.
Reginald Fowler court date set for early 2022
Reginald Fowler stands accused of providing shadow banking services through his firm Crypto Capital among multiple other charges. The firm has links to both iFinex, the parent company of Bitfinex and Tether, and Colombian drug cartels.
Gemini feels the pinch as UK banks crack down
Gemini, an exchange run by Tyler and Cameron Winklevoss, felt the pinch as Monzo, one of the U.K.’s leading challenger banks, banned payments to it at the beginning of August.
Square plans to buy Afterpay—will Dorsey’s DeFi dreams come true?
Square will acquire all of the existing Afterpay shares, and the deal is expected to close by the end of Q1 2022.
PayPal eyes central bank digital currency wallet role
In its latest earnings call, PayPal CEO Dan Schulman talked at length about central bank digital currencies (CBDCs) and PayPal’s potential role in them.