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Jury Deliberations Continue in Week 2

Ultimately, Bloom told the jurors that all evidence has been received, that they should rely on their collective memories and that they should refer to jury instructions, which state, “If you find for the Estate of David Kleiman and/or W&K on any of its claims, you must consider the matter of damages. Generally, you should award an amount of money that the preponderance of the evidence shows will fairly and adequately compensate the Estate of David Kleiman and/or W&K for its damages.”

Who Sets the Rules of Bitcoin as Nation-States and Corps Roll In

That’s how people go bankrupt, of course. But it’s also a fair description of bitcoin’s ascendance from radical experiment to widely used technology. Recall, if you dare, that in March 2020 BTC was trading at about $5,000 per token and had been in the doldrums for years. Then COVID-19 lockdowns juiced boredom-driven day trading and increased interest in crypto, ultimately unleashing a string of transformational moments for Bitcoin It was in 2021 there was a big BTC buy by Tesla, integration into Twitter, high-profile legislative debates in the U.S., a record-setting stadium name deal and national adoption in El Salvador.

Indian Crypto Unicorn CoinDCX Plans to IPO Once Regulations Permit: Report

CoinDCX, India’s first crypto unicorn, plans to go for a listing, once regulations permit it do so, co-founder Neeraj Khandelwal said in an interview with Bloomberg Television on Monday.

  • India’s crypto industry is facing serious regulatory uncertainty, thanks to a proposed bill that plans to ban most forms of private cryptocurrencies.
  • The proposed bill dampened expectations that the government’s legislative proposal would support a more friendly stance towards crypto, in light of growing adoption in the country.
  • However, CoinDCX remains hopeful about its initial public offering (IPO) plans and thinks such a move would grant legitimacy to the industry. “As soon as the government or the situations allow us, we will try for an IPO,” Khandelwal said.
  • The exchange wants to instill confidence in the industry through its IPO, the same way Coinbase did with its listing, Khandelwal added.
  • The timeline of the IPO will be determined based on incoming government regulation, the co-founder said. CoinDCX did not respond to a request for comment.
  • The crypto exchange became a unicorn , a privately held company with over $1 billion valuation, after a $90 million funding round in August this year. The company received funding from Facebook co-founder Eduardo Saverin’s B Capital Group, Coinbase, Polychain Capital, and Jump Capital.

Read more: Indian Government Submits Bill to Ban Most Cryptocurrencies, Dashing Hopes for Friendlier Measure

Big Gaming Signals NFTs Are Closer to Mainstream

This episode is sponsored by

With non-fungible tokens (NFTs) continuing their rapid advance into mainstream cultural awareness, how much is FOMO (fear of missing out) and how much is real? This time Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine discuss the evolving battle lines in the nascent world of triple-A gaming NFTs and whether these early announcements are a signal or just noise.

Later, the hosts explore the still-to-come moment when the behemoths of game publishing select which blockchain or blockchains will be their native NFT layer. Are we in for a repeat of the corporate adoption story? Or will big-budget games become a new differentiating factor, elevating their chosen partners to de-facto “incumbent” status?

Photo by Igor Karimov on Unsplash, modified by Speaking of Bitcoin

Celsius CFO Arrested on Charges Tied to Former Job at Moshe Hogeg’s Firm

Shalem’s name was included – along with 17 others, including Hogeg’s – in an appendix to a document bearing the letterhead of the Israel police’s national fraud investigation unit. The page, reviewed by CoinDesk, was stamped Nov. 15 by Judge Erez Melamed of the Rishon Lezion Magistrate’s Court. It is not clear from the appendix what kind of document it was attached to. However, the date on the stamp is three days before Israeli police said they had arrested eight individuals, including Hogeg, on suspicion of money laundering, fraud and sexual assault.

Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says

Of the 50 hacked Google Cloud Platforms or GCPs, 86% of them were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space, Google’s Cybersecurity Action Team wrote in the report. The remainder of the hacking activities included phishing scams and ransomware.

Alyse Killeen on Why Bitcoin Was Ready for Nation-State Adoption

This episode is sponsored by NYDIG.

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On the final part of his three-part miniseries “Gratitude for Bitcoin,” NLW is joined by Stillmark’s Alyse Killeen, a venture capitalist focused entirely on the bitcoin ecosystem. Alyse explains how remarkable it was that bitcoin was ready for nationwide adoption in El Salvador and gives a preview on what she thinks is coming to the network in 2022.

Find Alyse Killeen on Twitter: @AlyseKilleen

See also: Bitcoin, the Evolving Organism

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Iryna Ustenko/iStock/Getty Images Plus, modified by CoinDesk.

El Salvador compra otros 100 bitcoins tras una caída del mercado de criptomonedas

El presidente del país centroamericano, Nayib Bukele, dijo en un tuit que adquirió la mayor criptomoneda con “un descuento”.

Nov 26, 2021 at 8:12 p.m. UTC

Updated Nov 26, 2021 at 8:12 p.m. UTC

El Salvador Buys 100 More Bitcoins as Crypto Market Falls

The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.