An Ethereum-based gaming network called Xai has filed a federal lawsuit against Elon Musk’s xAI, alleging trademark infringement and unfair competition. Ex Populus, the company behind Xai, claims that Musk’s brand has caused widespread confusion, and that the damage has been magnified by his company’s recent entry into the gamingContinue Reading
Ethereum core developer Federico Carrone was released after being detained for 24 hours in Turkey on accusations of “helping others misuse Ethereum”. Carrone believes the arrest was connected to a 2022 academic paper he co-authored that analysed privacy protocols on Ethereum and Tornado Cash. His case highlights a growing trendContinue Reading
Do Kwon may change his plea in the US fraud case concerning TerraUSD’s 2022 collapse. Kwon faces nine felony counts including securities fraud, market manipulation, money laundering, and wire fraud. This plea hearing may influence related cases in South Korea where Kwon also faces charges. Terraform Labs co-founder Do KwonContinue Reading
Roman Storm, a co-founder of the crypto mixer Tornado Cash, was convicted in a Manhattan court of conspiracy to operate an unlicensed money transmitting business. The jury remained deadlocked on more serious charges of conspiracy to commit money laundering and violate US sanctions, so there was no verdict on thoseContinue Reading
Binance co-founder Changpeng Zhao (CZ) is seeking to dismiss a US$1.76 billion lawsuit from the FTX bankruptcy trust. His legal team argues that US courts lack jurisdiction over him because he is a resident of the United Arab Emirates and the transactions in question were between offshore firms. The lawsuit,Continue Reading
Markets flash red after US policy makers fail to reduce interest rates overnight, casting doubt in the minds of inventors. President Trump’s working committee delivers long-awaited report, promising to make America the ‘crypto capital of the world’. Charts I’m watching: Bitcoin: Stuck in a range & historical performance in Q3.Continue Reading
Rowland Marcus Andrade, founder of AML Bitcoin, was sentenced to seven years in prison for wire fraud and money laundering, after defrauding investors of roughly $10 million. Andrade made false claims, like AML Bitcoin being accepted by the Panama Canal Authority, and used over $2 million of investor funds forContinue Reading
Prosecutors in the case against Tornado Cash developer, Roman Storm, have told the judge they’re considering bringing charges against employees of Dragonfly Capital, an early investor in the privacy preserving application. Dragonfly general partner, Tom Schmidt and managing partner, Haseeb Qureshi are reportedly both in the firing line after leadingContinue Reading
