Saylor Sued, FBI Warns of DeFi Exploits, and Crypto.com Drops $495M Sponsorship: Hodler's Digest, Aug 28-Sept. 3
Available every Saturday, Hodler's Digest will help you follow every major news story that happened this week. The best (and worst) quotes, adoption and regulatory highlights, major coins, predictions and more - a week on Cointelegraph in one link.
Top stories this week DC Attorney General sues Michael Saylor and MicroStrategy for tax evasionMicroStrategy co-founder Michael Saylor is facing US tax evasion charges he allegedly incurred while living in Washington, DC. The office of area attorney general Karl Racine sued Saylor and MicroStrategy over allegations that the company helped Saylor evade more than $25 million in DC income tax. The charges, stemming in part from an amendment to DC's False Claims Act encouraging whistleblowers to report tax evasion, mean Saylor could see $75 million in penalties.
Crypto.com Cancels $495M UEFA Champions League Sponsorship Deal: ReportCrypto.com has decided not to enter into a $495 million sponsorship deal in response to potential regulatory issues. The sponsorship deal with the Union of European Football Associations (UEFA) would have seen Crypto.com announced in the UEFA Champions League for five seasons. The crypto exchange was reportedly in sponsorship talks after the Champions League withdrew Gazprom, a Russian state-owned energy company, as a sponsor. Crypto.com already has several high-profile advertising efforts under its belt, such as an ad featuring American actor Matt Damon.
Indonesia plans to set up its crypto exchange by the end of 2022Indonesia may have a crypto exchange, also known as a crypto exchange, built by its government before 2023 arrives. Initially unveiled in late 2021, the completion of the crypto exchange has taken longer expected, but the government aims to get it right instead of rushing a launch. "We will ensure that all necessary requirements, procedures and measures have been taken," Jerry Sambuaga, Indonesia's Deputy Minister of Commerce, told DealStreetAsia.
Tether asks Roche Freedman to be expelled from the class actionTether and Bitfinex are still locked in a lawsuit that began in 2019 alleging the USDT stablecoin was used to manipulate the cryptocurrency market. Tether and Bitfinex's legal team is asking that plaintiff's legal counsel, law firm Roche Freedman, be released from the case due to the firm's involvement with Kyle Roche – the subject of a recent CryptoLeaks video claiming that he misused inside information to “harm” Ava Labs competitors in exchange for AVAX tokens. Kyle Roche recently decided to withdraw from several legal cases, including one involving defendant Bitfinex and Tether. However, the defendant still wants Roche Freedman to be completely excluded from the lawsuit, in addition to requesting that their private information be destroyed or returned by Roche Freedman.
Central African Republic Court Rules New $60,000 Crypto-Investment Citizenship Program UnconstitutionalIn July, the Central African Republic (CAR) launched its Sango hub, a new crypto-focused initiative aimed at expanding Bitcoin adoption and creating a special economic zone in the metaverse. The initiative also included the creation of a Bitcoin-backed digital asset called Sango which also allowed foreign nationals to put...
Available every Saturday, Hodler's Digest will help you follow every major news story that happened this week. The best (and worst) quotes, adoption and regulatory highlights, major coins, predictions and more - a week on Cointelegraph in one link.
Top stories this week DC Attorney General sues Michael Saylor and MicroStrategy for tax evasionMicroStrategy co-founder Michael Saylor is facing US tax evasion charges he allegedly incurred while living in Washington, DC. The office of area attorney general Karl Racine sued Saylor and MicroStrategy over allegations that the company helped Saylor evade more than $25 million in DC income tax. The charges, stemming in part from an amendment to DC's False Claims Act encouraging whistleblowers to report tax evasion, mean Saylor could see $75 million in penalties.
Crypto.com Cancels $495M UEFA Champions League Sponsorship Deal: ReportCrypto.com has decided not to enter into a $495 million sponsorship deal in response to potential regulatory issues. The sponsorship deal with the Union of European Football Associations (UEFA) would have seen Crypto.com announced in the UEFA Champions League for five seasons. The crypto exchange was reportedly in sponsorship talks after the Champions League withdrew Gazprom, a Russian state-owned energy company, as a sponsor. Crypto.com already has several high-profile advertising efforts under its belt, such as an ad featuring American actor Matt Damon.
Indonesia plans to set up its crypto exchange by the end of 2022Indonesia may have a crypto exchange, also known as a crypto exchange, built by its government before 2023 arrives. Initially unveiled in late 2021, the completion of the crypto exchange has taken longer expected, but the government aims to get it right instead of rushing a launch. "We will ensure that all necessary requirements, procedures and measures have been taken," Jerry Sambuaga, Indonesia's Deputy Minister of Commerce, told DealStreetAsia.
Tether asks Roche Freedman to be expelled from the class actionTether and Bitfinex are still locked in a lawsuit that began in 2019 alleging the USDT stablecoin was used to manipulate the cryptocurrency market. Tether and Bitfinex's legal team is asking that plaintiff's legal counsel, law firm Roche Freedman, be released from the case due to the firm's involvement with Kyle Roche – the subject of a recent CryptoLeaks video claiming that he misused inside information to “harm” Ava Labs competitors in exchange for AVAX tokens. Kyle Roche recently decided to withdraw from several legal cases, including one involving defendant Bitfinex and Tether. However, the defendant still wants Roche Freedman to be completely excluded from the lawsuit, in addition to requesting that their private information be destroyed or returned by Roche Freedman.
Central African Republic Court Rules New $60,000 Crypto-Investment Citizenship Program UnconstitutionalIn July, the Central African Republic (CAR) launched its Sango hub, a new crypto-focused initiative aimed at expanding Bitcoin adoption and creating a special economic zone in the metaverse. The initiative also included the creation of a Bitcoin-backed digital asset called Sango which also allowed foreign nationals to put...
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