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Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company

Layer1 CEO alleges co-founder is using majority power to ‘ransack’ company

by admin | Feb 7, 2023 | Bitcoin News

The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1’s operations for their own gain. Chief executive John Harney and DGF...
Former Coinbase manager slams SEC in motion to dismiss insider trading case

Former Coinbase manager slams SEC in motion to dismiss insider trading case

by admin | Feb 7, 2023 | Bitcoin News

A former product manager at cryptocurrency exchange Coinbase has moved to dismiss charges of alleged insider trading, with his lawyers arguing the tokens he allegedly traded were not securities.Lawyers representing ex-Coinbase employee, Ishan Wahi, and his brother,...
North Korea stole more crypto in 2022 than any other year: UN report

North Korea stole more crypto in 2022 than any other year: UN report

by admin | Feb 7, 2023 | Bitcoin News

A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year .The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North...
UK’s digital pound would modernize payments but won’t replace cash: Minister

UK’s digital pound would modernize payments but won’t replace cash: Minister

by admin | Feb 7, 2023 | Bitcoin News

The Bank of England (BoE) and the United Kingdom’s Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily replacing cash.On Feb. 7, a joint consultation paper on central bank digital currencies (CBDCs) is...
Yuga Labs settles lawsuit with developer involved in copycat BAYCs

Yuga Labs settles lawsuit with developer involved in copycat BAYCs

by admin | Feb 7, 2023 | Bitcoin News

The creator of the nonfungible token collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC. On Feb. 6, Yuga Labs settled a lawsuit that involved Thomas Lehman, the developer of websites and a...
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