ConsenSys sues ex investment chief for allegedly falsifying résumé
Ex-investment chief, Kavita Gupta is being sued by ConsenSys for allegedly misrepresenting his résumé. ConsenSys, an Ethereum booster, has sued Kavita Gupta , the former head of its venture capital department, for resume fraud. Gupta filed a case in New York state court two weeks ago alleging that the business owes her money for her […]
Swiss central bank tests wholesale CBDC with commercial lenders and BIS
The Swiss National Bank (SNB) has completed a successful test of a wholesale central bank digital currency (CBDC) settlement system with commercial banks. SNB joins the list of countries piloting CBDCs The successful trial was a crucial component of the second phase of Project Helvetia, which aims to integrate tokenized financial assets with mainstream markets, […]
LÜM to introduce ‘Access Pass’ NFTs for 25 popular musicians
Users of the LÜM platform will be able to purchase NFTs associated with their favorite performers and exchange them with other fans. LÜM , a music platform located in the United States, is slated to unveil 25 collaborations with well-known musicians later this quarter as part of a re-launch with NBA Top Shot’s Dapper Labs. […]
India confiscates assets in a $162M Morris coin crypto investment scheme
The Indian Enforcement Directorate confiscated assets worth $5 million in relation with a $162 million cryptocurrency fraud employing Morris coin. In connection with a cryptocurrency fraud, India’s Enforcement Directorate (ED), a specialized financial investigative agency under the Department of Revenue, Ministry of Finance, has confiscated assets worth 36.72 crore rupees ($5 million). Authorities in India […]
Coinbase acquires CFTC-regulated derivatives exchange
On January 13th, Coinbase announced the acquisition of FairX, a CFTC-approved derivatives exchange. The move, according to the business, would allow it to provide crypto derivatives to American consumers. “The acquisition is a key stepping stone on Coinbase ’s path to offer crypto derivatives to retail and institutional customers in the US.” Derivatives are financial […]