Dubai Court Sees Salary Payment in Crypto as Valid
The Dubai Court of First Instance has recognized salary payments in crypto as valid under employment contracts, showing the growing acceptance of crypto in the United Arab Emirates. Irina Heaver, a partner at the UAE law firm NeosLegal, clarified that the ruling in case number 1739 of 2024 represents a departure from the court’s previous […]
Bank of Ghana Introduces Draft for Crypto, Digital Assets Regulation
The Bank of Ghana (BoG) has proposed new regulatory measures for digital assets in response to a comprehensive internal review of Bitcoin, Tether, and other cryptocurrencies. The central bank of the West African nation issued proposed guidelines on digital assets on August 16 to solicit feedback from the public and industry stakeholders regarding the forthcoming […]
Bitcache Founder Kim Dotcom Pledges to Fight US Extradition
Kim Dotcom, the German-Finnish entrepreneur, faces renewed extradition to the US after New Zealand’s justice minister signed the order. New Zealand’s justice minister, Paul Goldsmith, has signed an order for the extradition of German-Finnish internet entrepreneur Kim Dotcom to the United States. Dotcom, who is renowned for his controversial political beliefs, is now confronted with […]
Vitalik Buterin Donates $500K in Crypto to Animal Charity
Vitalik Buterin donated 200 ETH (~$532,398) to the Effective Altruism Funds’ Animal Welfare Fund on August 15. On August 15, Buterin disclosed that he had finalized these contributions, furnishing a receipt that indicated a transfer of 200 ETH, which is equivalent to approximately $532,398, to the Animal Welfare Fund of the Effective Altruism Funds. Buterin […]
Meta Rejects Claim That Over Half of Facebook Crypto Ads Are Scams
Meta denied the ACCC’s claim that over half of Facebook crypto ads are scams, arguing the data is outdated and based on a limited 2018 dataset. Meta, the parent company of Facebook, has refuted allegations that more than half of the cryptocurrency advertisements on the platform are fraudulent. Meta maintains that the data is obsolete […]