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Citibank Ordered To Pay $3,500,000 To Customer After Account Drained in Series of Unauthorized Withdrawals: Report – The Daily Hodl
A court in New York has ordered Citibank to pay an elderly customer millions of dollars after around $773,000 was drained from her bank account in a series of unauthorized transactions. The court has ordered Citibank to pay Graham approximately $3.5 million, which includes triple the amount that was fraudulently withdrawn, reports the New York Post….
Coinbase Demands Sanctions Over Destroyed SEC Communications
Coinbase has filed a motion demanding court sanctions against the U.S. Securities and Exchange Commission (SEC) after discovering that nearly a year’s worth of messages from former Chair Gary Gensler were permanently deleted. These communications spanned from October 2022 to September 2023, a period marked by major crypto events like the FTX collapse and enforcement…
Has crypto’s impact on gaming been truly realised yet? – CoinJournal
Cryptocurrencies can enhance gaming with fast transactions and privacy benefits Legal ambiguities in South Africa restrict crypto betting despite market growth Global adoption of crypto in gaming is also facing challenges due to volatility and regulation. The world of gaming is no longer confined to traditional platforms and payment methods. The advent of cryptocurrencies has…
Craig Wright Outlines Ambitious Scaling Plan for Bitcoin as a Global Payment System
Australian computer scientist Craig Wright, who claims to be Bitcoin’s creator, has announced the development of a scaling solution to transform the flagship digital asset into a global, borderless cash system. In a November 3 post on X, Wright shared his long-term vision for the top crypto. He imagines a future where Bitcoin becomes a…
BitMEX co-founder Arthur Hayes believes Bitcoin (BTC) will tap $50K – CoinJournal
Arthur Hayes predicts Bitcoin (BTC) could fall below $50K amid market turmoil. Bitcoin’s price drop has led to $36.71M in liquidations. The Crypto Fear & Greed Index shows “extreme fear,” reflecting growing market anxiety. In recent days, the cryptocurrency market has been awash with uncertainty, with Bitcoin’s price taking a significant tumble. After slipping below…
The Next Generation of Onchain Organizations
Organizations have created immense value for humanity. They embolden innovators to pool resources and take risks to drive society into new territory. Onchain organizations have the potential to take this even further. Built on globally distributed, censorship-resistant, and unstoppable infrastructure, they can create, accrue, and distribute value faster than ever before—and at a global scale—all…
