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Destiny 2 YouTube Takedown Revenge Plot Leads To $7.6 Million Bungie Lawsuit

23.6.2022
A spree of rogue DMCA takedown notices for Destiny 2 content on YouTube earlier this year has now ballooned into a $7.6 million lawsuit, as Bungie goes after the alleged perpetrator in court. In addition, some Destiny 2 content creators now say they feel “betrayed” after the person who...

Destiny 2 Cheat Makers Agree To Pay $13.5 Million In Damages To End Bungie Lawsuit

16.6.2022
After nearly a year of back-and-forth in and out of court, cheat software developers Elite Boss Tech have agreed to pay $13.5 million in damages to Bungie. The cheat maker had previously offered Destiny 2 cheating software on its website, leading to a lawsuit from the Destiny developer last year....

Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act

13.6.2022
The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs...

Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin

12.6.2022
Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, which...

What To Expect From Summer Game Fest’s Big Not-E3 Event

6.6.2022
With E3 2022 canceled, there’s a vacuum at the center of the video game marketing season. Many eyes are on Summer Game Fest for being both the lengthiest and the widest-ranging presser on the horizon. But the host, Geoff Keighley, recently saw fit to temper expectations ahead of the show, saying...

Bulgarian Chief Prosecutor Accused of Willfully Failing to Act Against Onecoin Fraudsters

3.6.2022
The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to...

First Mover Asia: Crypto Carbon Trading Is Racing to Clean Up Its Act; Cryptos Drop Even as Stocks Rise

27.5.2022
Carbon-based protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin outperformed other major cryptocurrencies in Thursday trading

Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act

23.5.2022
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur...

Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House

20.5.2022
The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings

Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

15.5.2022
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules...

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise

13.5.2022
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser...

Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million

12.5.2022
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African...

US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform

7.5.2022
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million...

US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts

7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...

Senator's Financial Freedom Act would ensure Bitcoin can be in your 401(k)

6.5.2022
The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans

Infinite Arcade Launches the Last Sale of the Gamer NFTs

5.5.2022
Web3 platform Infinite Arcade launches batch 3 Gamer NFTs sale. The Gamer (avatar) NFTs act as access keys to unlock play & earn on the platform. The games are free-to-play, each set. The first 2 batches of the Genesis Gamer NFTs were sold out very quickly. Now the last stage of NFTs sale...

Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions

4.5.2022
The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach...