Author: Cointelegraph By Brian Quarmby

Bitcoin Investing Made Simple!

6 Questions for Simon Davis of Mighty Bear Games

Simon Davis is the co-founder and CEO of Mighty Bear Games, a multiplatform game developer in Southeast Asia creating accessible multiplayer experiences in Web3. Davis has spent almost two decades working in the gaming industry, but he never planned to actually work in this field. Before crypto, he was a professional guitarist who made ends…
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SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors. The SEC argues that the ruling goes against “fundamental securities laws principles” such as the Howey Test, which determines what falls under…
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Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case…
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Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC

A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they now have a total of 2.65 BTC, which is…
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$794K SIM swap hacker PlugwalkJoe sentenced to five years in prison

British Hacker Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in U.S. prison for his role in stealing $794,000 worth of cryptocurrency via a SIM swap attack on a crypto exchange executive back in April 2019. O’Connor was initially arrested in Spain in July 2021 and was extradited to the…
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Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC

A U.S. District Judge has entered a default judgment order that requires Decentralized Organization Ooki DAO to permanently shut down and pay a civil monetary penalty of $643,542. Today the CFTC’s Division of Enforcement Director Ian McGinley released a statement on the Ooki DAO litigation victory. Learn more: https://t.co/MInNeKLeH5 — CFTC (@CFTC) June 9, 2023…
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Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill

Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill.  The trio will be sharing their firm’s, or agency’s views on a proposed bill that could see certain crypto tokens classified as digital commodities, among other things. “Tomorrow I…
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Japanese AI experts raise concern over bots trained on copyrighted material

Japanese artificial intelligence experts and researchers are urging caution over the use of illegally obtained information to train AI, which they believe could lead to “a large number of copyright infringement cases,”  as well as job losses, false information and the leaking of confidential information. On May 26, a draft from the government’s AI strategy…
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Kraken, UK trade body derides lawmaker description of crypto as ‘gambling’

Self-regulatory organization CryptoUK and crypto exchange Kraken UK has slammed a recent report from a panel of British lawmakers that suggested crypto should be regulated in a similar vein to gambling. In a May 17 report, the Treasury Committee “strongly recommended” that unbacked crypto be regulated as gambling due to concerns over the “significant” consumer…
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SEC Hinman docs could become public by June 6, lawyer suggests

Defense lawyer and former federal prosecutor, James K. Filan, expects the infamous Hinman Speech documents to be released to the public by June 6, citing a previous court order. The Hinman documents relate to a 2018 speech from former Securities and Exchange Commission (SEC) corporation finance division director Bill Hinman, who essentially stated that Ether (ETH)…
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