Jury Deliberations Begin in Kleiman v. Wright Trial

W&K Info Defense Research LLC, a business which was incorporated by Dave Kleiman in Florida in 2011, is also a plaintiff in the case. This entity is one vehicle through which Wright and Dave allegedly mined hundreds of thousands of bitcoins and created valuable blockchain intellectual property (i.e., software, etc). W&K – which now lists Ira as its manager – accuses Wright of conversion, civil theft, fraud, constructive fraud, breach of fiduciary duty and unjust enrichment. Source link

First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin edged toward $58,000 as altcoins and other layer 1 tokens recovered from seven-day lows. Technician’s take: Momentum is improving as oversold readings appear on the chart. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $57,550 +1.82% Ether (ETH): $4346 +5.93% Market moves Bitcoin struggled to move above $58,000 during U.S. trading hours on Tuesday, while alternative cryptocurrencies (altcoins), including ether and other layer 1 tokens recovered to above their…

Senate Banking Panel Head Seeks Added Information About Stablecoins From Issuers, Exchanges

“I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins, how those terms differ from traditional assets, and how those terms may not be consistent across digital asset trading platforms,” wrote Sen. Brown in his letter to Circle, the payment services company that operates stablecoin USD coin (USDC). Source link

ConstitutionDAO to Shut Down; Nearly 50% of Funds Already Returned

The U.S. Constitution has persevered for 234 years. ConstitutionDAO’s shelf life is proving far shorter: just about one month. The slapdash group of crypto investors that this month failed to buy a rare edition of the Constitution at Sothebys will close its Discord server in 14 days. “We have determined that building and maintaining an ongoing project is not something that we as a core team are able to support, given the technical and administrative requirements of doing it properly,” read the group’s website homepage. “Given this, we believe this…

OpenSea and Christie’s Partner on NFT Collection

Key Takeaways Christie’s has partnered with OpenSea to sell a new collection of non-fungible tokens to art collectors. This sale will take place on the major NFT marketplace OpenSea rather than Christie’s own website. Christie’s said earlier this fall that it has sold more than $100 million in NFTs through previous sales. Share this article OpenSea and Christie’s have partnered to auction a series of non-fungible tokens to art collectors around the world. Sale To Be Headlined by Mad Dog Jones The sale is headlined by Mad Dog Jones, who…

Avalanche Endures Wild Ride Amid Debate, Price Action

Key Takeaways The average gas fee on the Avalanche network has surged this week after the AVAX price hit a new all-time high. The rising transaction costs appear to have encouraged investors to sell. The price action is in the wake of public debate surrounding rival Layer 1s, Avalanche and Ethereum. Share this article Avalanche’s AVAX token recorded another new all-time high of $144.96 Sunday amid intense debates between some prolific industry figures concerning the Avalanche blockchain and Ethereum. On Monday, however, Avalanche experienced a tenfold increase in transaction costs…

Top Blockchain University: Tsinghua University

Although China banned all cryptocurrency transactions in September 2021, that does not take away from the adoption of blockchain technology more widely in the country for alternative functions. The state has actually supported some blockchain firms, helping them to explore use cases in fields like medicine and energy. President Xi Jinping called on China to adopt distributed ledger technologies in October 2019. Source link

Top Blockchain University: University College London

The university offers courses to undergraduates, including “Blockchain Technologies,” “Cryptocurrencies” and “Monetary System and Digital Finance.” The latter course combines a study of decentralized payment systems like bitcoin with a wider look at “how modern investment strategies use technology and machine learning to make optimal decisions,” as well as “the foundations of fintech and insurtech.” Source link

Top Blockchain University: Hong Kong Polytechnic University

Hong Kong has an illustrious place in the brief history of blockchain and crypto. The world’s largest stablecoin, tether, was created in the city as was the crypto derivatives exchange FTX Trading, to name just two. Hong Kong’s financial regulations have been relatively friendly to crypto as well. Students settling in the city might find opportunities aplenty on their doorstep. Source link

ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’

Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney.  The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.” As a corporate and markets regulator, Longo admitted to a certain fascination with decentralized autonomous organizations, or DAOs. He said that they present certain challenges for national regulators like ASIC: “To paraphrase a concept familiar to corporate lawyers, to whom does ASIC turn to…