US Court gave strong message by dismissing lawsuit against Uniswap Judge Katherine Polk Failla, the federal judge of the South District of New York court, has dismissed a class action lawsuit against Uniswap, this will create more changes. **Decentralised platform is Not Guilty** The lawsuit charged Uniswap with issuing scam tokens; however, judge Failla found that Uniswap is just software, which is of a decentralised nature, self driving nature makes it lawful, but…
@Yugocean in September 2023
Increasing Ethereum activity alerts the market Some famous as well as notorious wallets are suddenly dumping assets for Ethereum or just moving to Ethereum; this has alerted the market. **Vitalik Dumps Maker for Ethereum** 500 MKR were exchanged via CoWswap for 350 ETH by an address identified as Vitalik Buterin's wallet . Uncertainty surrounds the transaction, which Vitalik carried out to raise his ETH holdings after holding those MKR for two years. **FTX Dumps Assets for…
GALA becomes controversial due to a legal battle between co-founders Eric Schiermeye and Wright Thurston, both co-founders of the play-to-earn blockchain gaming platform Gala Games, are suing each other in Utah District Court, bringing the entire system of GALA into controversy. **CEO sues Director** Gala Games CEO Eric Schiermeye has accused company director Wright Thurston of stealing and selling $130 million worth of tokens from the system through his investment firm,…
Jim Cramer's Pro Binance News created a stir Today, suddenly, there was a stir among Binance users due to viral news showing notorious Jim Cramer's positivity towards CZ, Binance, and BNB. **Oh no, Jim Cramer** It is famous in the economic world about Jim Cramer that whatever business organisation he makes a positive statement about, it gets ruined in no time. That's why many people follow him only to save themselves from harm by doing the opposite of what he says. That is…
Binance to Refund XIRTAM scam victims Bimance has decided to pay back the victims of the XIRTAM scam project. This is good news for those who invested in the token sale, but other investors will have to wait. **The XIRTAM Scam Fund** In early May 2023, a scam project called "XIRTAM" surfaced that deposited 1,909 ETH stolen from its investors into a Binance account. Binance froze that account and began analysing the activities to identify the victims in early July. Binance…
Ripple acquires blockchain focused financial company Fortress Trust Ripple has acquired Fortress Trust, which is a Nevada-based crypto and Web3-focused chartered trust company, **Acquisition is Good For Ripple** Fortress Trust provides financial and regulatory structure for blockchain companies. It holds a list of regulatory licences in Nevada, including the New York BitLicense and money transmitter licences in 30 US states. With this acquisition, Ripple has acquired this…
FTX will liquidate its digital assets to pay creditors The SBF trail will begin in October, before which FTX has received permission from the US Court to liquidate a large stock of its crypto treasury. **FTX will liquidate a large part of its treasury** FTX updated its Chapter 11 filing to include plans to liquidate "a portion" of the company’s reserves to bring money. The court of Judge John Dorsey has given FTX consent to liquidate the crypto assets through a careful…
Solana co-founder Anatoly Yakovenko bats for perfect regulations Solana co-founder Anatoly Yakovenko urged the US Congress to understand blockchain and enact appropriate regulations. **Regulations for the American Crypto Industry** Bitcoin was created for economic freedom, so asking for regulation is not in keeping with the roots in the crypto world, but Yakovenko sees crypto as an industry, and he believes that industries are leaving the US due to unfair pressure in the…
CoffeeDAO comes to tokenise the cafe business The blockchain revolution has paved the way for tokenizing every subject, and CoffeeDAO was born to tokenize the café business across the world. **What is CoffeeDAO?** Showcased at "Token 2049", (the largest blockchain conference of the year 2023, held in Singapore recently), CoffeeDAO is a decentralised, autonomous organisation that collaborates with cafes around the world to use coffee tokens for coffee. **Marketing…
The dispute between Ben Armstrong and TJ Shedd is stunning the crypto world. The dispute between Crypto influencer Ben Armstrong and his former CFO Timothy Shedd's son TJ Shedd has turned into a legal battle that has engulfed experts from the entire crypto world. **Battle of Bitboy Crypto & Hit Network Ownership** Ben Armstrong founded Bitboy Crypto, a crypto news media based on blogs, vlogs, podcasts, and social media. TJ Shedd took over the company, fired Ben Armstrong, as…
Alameda Research was behind the Bitcoin flash crash 2021 Former Alameda Research employee Aditya Baradwaj has recently disclosed that Alameda Research was responsible for the 2021 BTC flash crash. **The terrible BTC flash crash of 2021** A bug in 2021 led to a decrease in the market value of bitcoin from $65750 to $8200. Although it was dealt with soon, it had a negative impact on anyone selling Bitcoin at the "current" price. Till now, no one has ever understood why that…
Coinbase equals Satoshi Nakamoto's Bitcoin HODL record Blockchain media Arkham has revealed that US-based crypto exchange Coinbase is the largest Bitcoin hodler with 1 million bitcoins. **1 Million Bitcoins** Arkham has analysed and identified over 36 million BTC deposits and holding addresses used by Coinbase. These addresses hoard about 1 million bitcoins, which is equivalent to Satoshi Nakamoto's net worth. This legitimately now makes Coinbase as the biggest Bitcoin…
Binance Partners with MUFG to Develop Stablecoins in Japan Japanese arm of Binance and Japan's largest financial group, Mitsubishi UFJ Financial Group (MUFG), have jointly announced plans to create stablecoins. **Stablecoin Friendly Regulation Created the Partnership** Japanese regulations are more crypto friendly than US regulations; however, there was a ban on foreign firms. Now the global development of the blockchain economy led to a change this year when Japanese Prime…
Justin Sun's behaviour is suspicious The present situation is alarming because the crypto world is suspicious about Tron Dao founder Justin Sun's behaviour especially with the HTX Exchange. **Suspicious Rewards for the Mars Promotion** Justin is suspiciously offering a high reward to promote a Mars programme, which was announced in Huobi's 10th anniversary celebration. This promotion offers winners to be rewarded with prizes like a space travel candidate, a new Tesla Model 3…