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Opinion by: Yat Siu, executive chairman and co-founder, Animoca Brands A discussion on digital property rights, copyright, intellectual property, the open metaverse, AI and value without physical form. When I attend conferences and similar public events, someone almost always approaches me to ask how cryptographic tokens (fungible or non-fungible) can have value even though tokens …
Continue reading “The value of virtual: Economies are powered by ownership of the intangible”
Key points: Bitcoin has a fight for a $100,000 price and a $2 trillion market cap on its hands this month. Dips below six figures are “easily possible,” analyst filbfilb says, but the odds are stacked in bulls’ favor. ETH/BTC needs to hit the 0.03 inflection point as part of an altcoin comeback. Bitcoin (BTC) …
Continue reading “Bitcoin looks 'ridiculous' as bulls attempt $2T market cap flip — Analyst”
Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation. According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from …
Continue reading “NFT founder stole millions from Bitcoin project, investors allege”
A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack. In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the Fantom Foundation, …
Continue reading “Sonic Labs wins judgment for Multichain Foundation to wind up”
The US Senate could pass a key bipartisan stablecoin bill as soon as next week after removing language targeting President Donald Trump and his family’s sprawling crypto interests. Republican Senator Cynthia Lummis said onstage at an event by Coinbase’s lobbying arm, Stand With Crypto, that she thinks it’s a “fair target” to have the Guiding …
Continue reading “Stablecoin bill won’t target Trump as Senate aims to pass it next week”
A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime has been shut down by the Telegram messaging service, upon which it operated. The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, said it will shut down following Telegram’s ban of thousands of associated accounts on May 13. “Since all our NFTs, …
Continue reading “Telegram shuts the ‘largest darknet marketplace to have ever existed’”
Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO Jonathan Levin. Law enforcement has been increasingly successful at tracing stolen funds and crypto ransom payments, resulting in a “lot of arrests,” Levin said during the 2025 Consensus crypto …
Continue reading “Chainalysis CEO offers a clue into the recent spate of Paris crypto attacks”
Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14. He added that the firm has a large balance sheet that can be put to use. The firm …
Continue reading “Coinbase CEO looking at more acquisitions after $2.9B Deribit buy”
European law enforcement in January arrested 17 suspects of a “mafia crypto bank” who are said to have laundered over 21 million euros ($23.5 million) in crypto for criminal entities in China and the Middle East. The money laundering services were allegedly carried out on behalf of other criminal networks engaged in migrant smuggling and …
Continue reading “Europol helps dismantle $23M ‘mafia crypto bank’”
US Democrat lawmakers have sent a letter to the US Treasury demanding access to suspicious activity reports (SARs) on several Trump-backed crypto projects as part of the latest probe into the president’s digital ventures. Penned by representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin, the May 14 letter asks Treasury Secretary Scott Bessent for all …
Continue reading “Dems seek suspicious activity reports linked to Trump crypto ventures”
