Artists sue SEC over NFT status, DraftKings kills NFT business: Nifty Newsletter
Two artists have taken legal action to demand clarification from the SEC over the status of NFTs.
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BitGo Hires Wall Street High-Frequency Trader as Head of Financial Services
Blockchain security and cryptocurrency custody firm BitGo has appointed a veteran Wall Street trader as its head of financial services, according to a press release published on May 9.The new hire, Nick Carmi, joins BitGo after a reported 25 years of experience as a financial executive. His most recent role was as Global Head of…

Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto
Rand Corporation unveiled a study that found a widespread lack of knowledge towards Zcash from dark web criminals. A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology.According to the 65-page report published on May 7, the US-based think…

Meta’s head of crypto to step down at end of year
In explaining his decision to leave Meta, David Marcus said that his entrepreneurial DNA had been nudging him “for too many mornings in a row to continue ignoring.” 181 Total views 34 Total shares David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of…

Failure to launch: Australia’s first 3 crypto ETFs all miss launch day
Three cryptocurrency exchange-traded funds (ETFs) scheduled to launch on the Cboe Australia exchange today were delayed due to “checks” still being undertaken. 478 Total views 2 Total shares The launch of Australia’s first three Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) scheduled for today, has been delayed as a result of further “checks” needing…

Diem team members raise $200M to launch blockchain derived from it
“Since departing Meta (formerly Facebook) we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network,” Aptos stated. 292 Total views 26 Total shares Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project…

US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’
Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University. 373 Total views 12 Total shares Own this piece of history Collect this article as an NFTUnited States Federal Reserve Board governor Michelle Bowman spoke at Georgetown University on April 18 to “offer a perspective” on central bank…

‘Political shift’ drives $407M inflows to crypto products — CoinShares
According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks.

How AI is changing crypto: Hype vs. reality
In the latest Cointelegraph Report, we assessed the value AI is bringing to the crypto industry, by separating the hype from real use cases. 334 Total views 17 Total shares In the latest Cointelegraph Report, we sought to find out the real value AI brings to the crypto industry beyond the hype surrounding the technology.