Tornado Cash dev Alexey Pertsev’s bail a ‘crucial step’ in getting fair trial, defense says
In a recent interview with Cointelegraph, the lawyer representing Pertsev, a Russian national accused of money laundering and fraud, shed light on the importance of bail in his client’s case. The lawyer, who wishes to remain anonymous, revealed that securing bail for Pertsev will greatly aid in his ability to effectively coordinate a strong defense.
Pertsev, who was arrested in November 2020, has been charged with multiple counts of money laundering and fraud, with the total amount involved estimated to be in the millions. The charges against him stem from his alleged involvement in a large-scale cryptocurrency scam that targeted unsuspecting investors.
According to the lawyer, Pertsev has maintained his innocence and is determined to fight the charges against him. However, being held in custody has made it difficult for him to properly prepare for his defense. With bail, Pertsev will have the opportunity to work closely with his legal team and gather evidence to support his case.
The lawyer also emphasized the importance of bail in ensuring a fair trial for Pertsev. Being held in custody can have a negative impact on a defendant’s mental and emotional well-being, making it challenging for them to fully participate in their own defense. By securing bail, Pertsev will be able to maintain a sense of normalcy and continue to support his family while awaiting trial.
Furthermore, the lawyer highlighted that bail is not only beneficial for Pertsev, but also for the justice system as a whole. It allows for a more efficient use of resources and ensures that the defendant’s rights are respected.
In conclusion, the lawyer stressed the significance of bail in Pertsev’s case and expressed hope that the court will grant his client’s request. With bail, Pertsev will have a better chance at mounting a strong defense and proving his innocence in the face of these serious charges.
Market analyst sees'1500% pump' in XRP price amid multiple ETF applications
Several analysts are predicting a massive XRP price pump and chart fractals suggest a long-term target as high as $99.
Phishing attackers target Phantom wallet users with fake update pop-ups
Beware of Phantom wallet scams! Recently, scammers have been targeting users of the popular cryptocurrency wallet, Phantom, in an attempt to steal their funds. These scammers have been using a clever tactic to trick users into giving them access to their wallets.
The scam works like this: users receive a notification on their Phantom wallet, prompting them to update their extension signature. The notification looks legitimate and even includes the official Phantom logo. However, upon closer inspection, users may notice that the URL is not the official Phantom website.
If a user falls for this scam and clicks on the notification, they will be directed to a fake website that looks almost identical to the real Phantom website. The only difference is the URL, which is a slight variation of the official one. Once on the fake website, users are prompted to enter their private key or seed phrase, which gives the scammers full access to their wallet.
To make matters worse, the scammers have also been using phishing emails to target Phantom wallet users. These emails claim to be from the Phantom team and ask users to update their extension signature by clicking on a link. However, this link leads to the fake website mentioned earlier, and users are once again prompted to enter their private key or seed phrase.
So, how can you protect yourself from falling victim to these scams? First and foremost, always double-check the URL of any website or notification that asks for your private key or seed phrase. The official Phantom website is https://phantom.app/, so any variation of this should be considered suspicious.
Additionally, never share your private key or seed phrase with anyone, even if they claim to be from the Phantom team. The Phantom team will never ask for this information, and anyone who does is most likely a scammer.
Stay vigilant and stay safe when it comes to your cryptocurrency wallets. Don’t let scammers trick you into giving away your hard-earned funds. Remember, if something seems too good to be true, it probably is. Keep your private information private and always verify the authenticity of any requests for your private key or seed phrase.
Bitcoin reserves and sovereign wealth funds in the US, explained
As the world of cryptocurrency continues to grow and evolve, governments and regulatory bodies are scrambling to keep up. In the United States, Congress is currently working on legislation to regulate the use and trading of cryptocurrencies. While this is a step in the right direction, there is still a lot of confusion and uncertainty surrounding the role of sovereign wealth funds and their potential use of Bitcoin reserves.
Sovereign wealth funds are government-owned investment funds that hold and manage large amounts of money. These funds are typically used to support a country’s economy and provide financial stability. With the rise of cryptocurrencies, there has been speculation that some sovereign wealth funds may be looking to diversify their portfolios by investing in Bitcoin and other digital assets.
However, the question of whether or not sovereign wealth funds should be allowed to hold Bitcoin reserves is still up for debate. Some argue that it could be a risky move for these funds, as the value of cryptocurrencies can be volatile and unpredictable. Others believe that it could be a smart investment strategy, as Bitcoin has shown significant growth and potential for long-term gains.
In the midst of this debate, Congress is working on legislation that would provide guidelines and regulations for the use and trading of cryptocurrencies. This is a positive step towards creating a more stable and secure environment for investors and users of digital assets. However, there is still a lack of clarity on how these regulations will affect sovereign wealth funds and their potential use of Bitcoin reserves.
As the world watches and waits for Congress to finalize their crypto regulations, the role of sovereign wealth funds in the cryptocurrency market remains uncertain. It will be interesting to see how these funds navigate the ever-changing landscape of digital assets and whether or not they will ultimately choose to invest in Bitcoin. One thing is for sure, the world of cryptocurrency is constantly evolving and it will be important for governments and regulatory bodies to stay informed and adapt to these changes in order to effectively regulate this emerging market.
Sentient completes record 650K NFT mint for decentralized ‘loyal’ AI model
The decentralized AI model aims to offer community decision-making to address a “crucial problem” in the AI landscape.
Bitcoin creator Satoshi Nakamoto may be wealthier than Bill Gates
New research has revealed that the mysterious creator of Bitcoin, Satoshi Nakamoto, may be worth over $108 billion in Bitcoin holdings. This staggering amount could potentially make Nakamoto even wealthier than Microsoft co-founder Bill Gates, who has an estimated net worth of $108 billion.
The research, conducted by onchain analysis firm Chainalysis, analyzed the movement of Bitcoin from its early days to present day. They found that the earliest mined blocks of Bitcoin, which are believed to be owned by Nakamoto, have never been spent or moved. This suggests that the creator of Bitcoin has been holding onto their coins since the very beginning.
Based on the current value of Bitcoin, which is hovering around $60,000 per coin, Nakamoto’s estimated holdings would be worth over $108 billion. This would put them in the top 20 richest people in the world, surpassing even tech mogul Elon Musk.
The identity of Satoshi Nakamoto has been a topic of speculation and mystery since the creation of Bitcoin in 2009. The name is believed to be a pseudonym for the person or group responsible for developing the world’s first decentralized cryptocurrency. Despite numerous attempts to uncover their true identity, Nakamoto has remained anonymous and has not been heard from since 2010.
The potential wealth of Nakamoto has sparked discussions about the impact it could have on the cryptocurrency market. Some believe that if Nakamoto were to suddenly sell their holdings, it could cause a significant drop in the value of Bitcoin. Others argue that the creator’s decision to hold onto their coins for so long is a testament to their belief in the long-term potential of Bitcoin.
Regardless of their intentions, the fact remains that Satoshi Nakamoto’s Bitcoin holdings are worth a staggering amount and could potentially make them one of the wealthiest individuals in the world. As the cryptocurrency market continues to grow and evolve, the mystery surrounding Nakamoto and their impact on the market will likely continue to fascinate and intrigue people for years to come.
Kraken’s Powell claims in lawsuit he was denied housing due to crypto ties
Jesse Powell, the co-founder of Kraken, one of the largest cryptocurrency exchanges in the world, recently made headlines for filing a housing discrimination lawsuit against a San Francisco building’s management. According to Powell, the management of the building blocked the sale of a unit to him solely because of his involvement with cryptocurrency.
The incident occurred when Powell and his wife were looking to purchase a unit in the building. They had already gone through the necessary steps and were ready to close the deal when the management suddenly rejected their application. When Powell inquired about the reason for the rejection, he was told that the building had a strict policy against individuals involved in cryptocurrency.
This discriminatory action not only shocked Powell but also raised concerns about the prejudice and lack of understanding towards the cryptocurrency industry. Despite its growing popularity and mainstream adoption, there are still many misconceptions and biases surrounding cryptocurrency and those involved in it.
Powell’s lawsuit not only seeks justice for himself but also aims to bring attention to the discrimination faced by individuals in the cryptocurrency community. He believes that this incident is a clear violation of fair housing laws and hopes that it will serve as a wake-up call for the management and others who hold similar biases.
This is not the first time that the cryptocurrency industry has faced discrimination. In the past, there have been cases of banks and financial institutions denying services to individuals and businesses involved in cryptocurrency. However, with the industry gaining more recognition and legitimacy, such discriminatory actions are becoming less common.
Powell’s lawsuit serves as a reminder that discrimination in any form is unacceptable and should not be tolerated. It also highlights the need for more education and awareness about cryptocurrency to eliminate the biases and misconceptions surrounding it. As the industry continues to grow and evolve, it is crucial for individuals and institutions to embrace and accept it rather than discriminate against it.
How the SEC’s proposed token relief might impact crypto firms
The Securities and Exchange Commission (SEC) has recently proposed a new token relief program, which has sparked a lot of discussion and speculation within the cryptocurrency community. Many are wondering if this means a blanket pass for all projects, but according to attorney Franco Jafré, this may not be the case.
Jafré, a well-respected legal expert in the crypto space, believes that the proposed token relief program should not be seen as a free pass for all projects. In fact, he argues that it is important for projects to still adhere to the existing securities laws and regulations.
The proposed token relief program aims to provide a safe harbor for certain digital assets, allowing them to be exempt from securities laws for a period of three years. This would give projects time to develop and become decentralized enough to no longer be considered securities. However, Jafré warns that this does not mean projects can simply ignore securities laws during this time.
He explains that the SEC will still be closely monitoring projects and their activities, and any violations of securities laws will not be tolerated. This means that projects must still be transparent and follow proper procedures when it comes to fundraising and token distribution.
Jafré also emphasizes the importance of proper legal counsel for projects, especially during this time of uncertainty. With the SEC cracking down on fraudulent and non-compliant projects, it is crucial for projects to have a solid understanding of securities laws and how they apply to their specific token.
In conclusion, while the proposed token relief program may provide some relief for certain projects, it is not a blanket pass for all. Projects must still adhere to securities laws and regulations, and proper legal counsel is essential for navigating this complex landscape. As the crypto industry continues to evolve, it is important for projects to stay informed and compliant in order to thrive in the long run.
R3 Sustainability, Chintai launch $795M tokenized ESG fund
The world of finance is constantly evolving, and one of the latest developments is the emergence of RWA tokenization. This innovative concept involves the creation of digital tokens that represent real-world assets, such as stocks, bonds, and even physical commodities. And now, a new fund has been launched to capitalize on this growing trend.
The fund, which has been aptly named the RWA Tokenization Fund, aims to invest in a diverse range of tokenized assets. This includes traditional financial instruments like stocks and bonds, as well as tangible assets like real estate and precious metals. By leveraging the power of blockchain technology, these assets can be digitized and traded on a secure and transparent platform.
But what exactly is RWA tokenization? Simply put, it is the process of converting real-world assets into digital tokens that are recorded on a blockchain ledger. This allows for greater liquidity, as these tokens can be easily bought and sold on various exchanges. It also provides investors with a more efficient and cost-effective way to access a diverse range of assets.
The RWA Tokenization Fund is at the forefront of this exciting new sector, and investors are taking notice. With the fund’s launch, individuals and institutions alike now have the opportunity to invest in a portfolio of tokenized assets, without the hassle and high fees associated with traditional finance.
But the benefits of RWA tokenization go beyond just financial gains. By digitizing assets, it also opens up opportunities for greater transparency and security. With all transactions recorded on the blockchain, there is a reduced risk of fraud and manipulation. This is a major advantage for investors who are looking for a more secure and trustworthy way to diversify their portfolios.
In conclusion, the RWA Tokenization Fund is a game-changer in the world of finance. By embracing the power of blockchain technology, it offers investors a unique and exciting opportunity to tap into the growing trend of RWA tokenization. So don’t miss out on this chance to be a part of the future of finance.
WazirX urges creditors to approve restructuring plan or face delays
WazirX, one of India’s leading cryptocurrency exchanges, has issued a warning to its creditors that they may face significant delays in repayments if they reject the company’s proposed restructuring plan. The plan, which was recently approved by the Singapore High Court, aims to address the financial challenges faced by the exchange and ensure its long-term sustainability.
In a statement released by WazirX, the company emphasized the importance of the approved restructuring plan in securing the future of the exchange and its users. The plan includes a proposed repayment schedule that extends until 2030, with the first installment to be paid in 2022. However, if creditors reject the plan, the exchange warns that repayments could be delayed until 2030, causing further financial strain for all parties involved.
The restructuring plan was put forth by WazirX’s parent company, Binance, in response to the ongoing legal battle between the exchange and its creditors. The dispute arose after the Reserve Bank of India (RBI) imposed a ban on banks dealing with cryptocurrency exchanges in 2018, leading to financial difficulties for WazirX. The exchange was forced to halt its operations and was subsequently acquired by Binance in 2019.
Since then, WazirX has been working towards finding a solution to its financial challenges and ensuring the safety of its users’ funds. The approved restructuring plan is a crucial step in this direction, and the exchange urges its creditors to support it for the sake of all stakeholders.
WazirX’s warning to its creditors serves as a reminder of the potential consequences of rejecting the proposed plan. The delay in repayments until 2030 could have a significant impact on the exchange’s ability to operate and fulfill its obligations towards its users. It is in the best interest of all parties involved to support the approved restructuring plan and work towards a sustainable future for WazirX.