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Access real-time blockchain and cryptocurrency news updates from around the globe.
Get your money back: The weird world of crypto litigation
Want to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yacht’s worth of money in lawyer fees for their chance at crypto justice.
In practice, the majority of victims of international blockchain scams find themselves with little hope of recovering their money. According to crypto law expert Jason Corbett, a normal court case to recover $10 million–$20 million dollars in the blockchain sector can easily cost between $600,000 and $1 million, with an average timeline of 2.5 years.
But there are a range of cheaper and better options to get a successful outcome — if you learn how to work with the system. Legal investment funds can finance your case for a share of the judgment — sort of like a VC firm for lawsuits.
“The vast majority of lawsuits — up to 95% — are privately settled before they go to court,” Corbett says.
Common blockchain disputes
Corbett has six years of experience in crypto law as a managing partner of international blockchain-specialized boutique law firm Silk Legal. Speaking with Magazine about his new crypto litigation financing project Nemesis, Corbett notes a clear “increase in disputes stemming from deals gone wrong, contractual breaches and bad actors over the past months” due to the bear market, which has seen many projects go sideways.
India’s central bank outlines digital rupee CBDC plans
India's Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project.
The blue fox: DeFi’s rise and the birth of Metamask Institutional
The popularity of decentralized finance played an integral role in the launch of MetaMask Institutional as companies looked to safely enter the space.
Bitcoin and gold face headwinds amid strengthening dollar
Bitcoin decoupled with the stock market and saw its correlation with gold rise to a level not seen since last year.
What is Lens Protocol, and how does it work?
In this guide, we share all you need to know about Lens Protocol, a decentralized social graph that simplifies building Web3 social platforms.
BNB Chain back online after suspension due to a cross-chain exploit
After a brief network suspension as the result of a cross-chain hack, the activity on the BNB Chain is back online.
Bitcoin clings to $20K as whale pressure keeps resistance in control
Traders look for volatility triggers as BTC price action continues within an all-too-familiar trading range.
Bitcoin clings to $20K as whale pressure keeps resistance in control
Traders look for volatility triggers as BTC price action continues within an all-too-familiar trading range.
Bear market didn't stop crypto firms from hiring, says recruitment exec
Recruitment firm executive Clayton Pullum said that companies have become more strategic when it comes to hiring during the crypto winter.
670K-follower ETH Classic account turns into Ergo: What happened?
Cardano founder Charles Hoskinson has repurposed the Ethereum Classic Twitter account to now benefit the Ergo Platform.
670K-follower ETH Classic account turns into Ergo: What happened?
Cardano founder Charles Hoskinson has repurposed the Ethereum Classic Twitter account to now benefit the Ergo Platform.
670K-follower ETH Classic account turns into Ergo: What happened?
Cardano founder Charles Hoskinson has repurposed the Ethereum Classic Twitter account to now benefit the Ergo Platform.
Lido launches layer-2 Ethereum staking and LDO rewards
Lido has around 40% of all the staked ETH on the Beacon Chain.
Anchorage co-founder to US regulators: ‘What we want is clarity’
There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica.
Marathon reports $80M exposure to bankrupt mining firm
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3.
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.