Court allows most SEC claims to proceed in Binance suit
Judge Amy Berman Jackson however dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
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Bitcoin Accounts for 98% of Crypto-Denominated Ransomware Payments, Study
Bitcoin (BTC) continues to account for the lion’s share of crypto-denominated ransomware payments, according to Coveware’s Q1 2019 Global Ransomware Marketplace report, published on April 15.The report — reportedly based upon aggregated ransomware data from cases tackled by Coveware’s Incident Response Team — indicates that in Q1 2019 the ransomware landscape saw a sharp increase…

NY Attorney charges 3 tied to 'Evolved Apes' NFT scam
The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60.

The product-market fit nuances in Web3
Web3 represents the next phase of the internet, characterized by decentralization, user ownership and equitable value distribution. Like all new technologies, its success depends on addressing market needs and understanding user challenges. However, many Web3 initiatives have missed achieving a product-market fit, often adopting a “build it and they will come” approach. This mindset has

Gnosis Chain spends $5M on validator incentive program for decentralization
The program offers 388 mGNO to each of the first ten validators that runs in a listed country. 467 Total views 2 Total shares Own this piece of history Collect this article as an NFTGnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of…

Colorado governor says he expects state to accept tax payments in crypto by summer
The governor added that paying taxes in crypto was likely just the first step, with using digital asset payments for certain licenses to follow "within a few months." Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022.In a…

Fidelity says “there is almost no relationship between the returns of Bitcoin and other assets”
In recent years, a battle of the minds has surfaced on whether or not Bitcoin’s price is correlated with other financial assets, such as stocks. A recent report from Fidelity Digital Assets brings clarity to the argument. Fidelity’s lengthy report, titled Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment, shows not only a lack of…

Bitcoin Insurance Funds Take a Beating as Markets Rout
Amid global market mayhem, several major Bitcoin (BTC) and crypto insurance funds are showing signs of severe strain. As of March 13, Bitcoin derivatives exchange Deribit recorded a shocking slide in the balance of its Bitcoin insurance fund, down from 391 BTC to 183 BTC (-53%) within a span of three days.Deribit Bitcoin insurance fund balance.…

Bitcoin’s Velvet Revolution: The overthrow of crony capitalism
If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent lack of class conflict would probably make the revolutionaries think they’d won. They would see a society split on all manner of subjects — from identity politics to the correct COVID-19 strategy — but virtually silent…