Blockchain DXB: Crypto & Coffee at 8 ☕ 30th Sep 🦢 Swan Bitcoin files lawsuit - Tether.io involvement? 🟠BitcoinFi Accelerator - DeFi + SocalFi, 🟣Sorare faces U.K. gambling charges
Blockchain DXB
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30th Sep: Blockchain DXB Podcast🦢 Swan Bitcoin) files lawsuit - Tether.io) involvement? 🟠BitcoinFi Accelerator - DeFi + SocalFi, 🟣Sorare) faces U.K. gambling charges 🚨DOJ seizes Web Domains👀 Swan Bitcoin) is suing former employees for allegedly stealing proprietary information from its billion-dollar Bitcoin mining business to launch a competing firm, Proton Management. The lawsuit, filed in California, claims the ex-employees, including executives, took confidential data and vendors, with help from stable coin issuers Tether. Swan alleges the employees conspired to damage its operations, and that Tether.io) issued a default notice to aid in the takeover. Swan seeks an injunction against Proton, the return of stolen materials, and damages, with a jury trial requested.🎙️Check out the Blockchain DXB) episode we explain this drama in detail and share our commentary on thisBoost VC), Draper Associates), and Thesis)* have launched the BitcoinFi Accelerator, a six-week program for pre-seed teams developing decentralized applications on Bitcoin. Announced on September 27, 2024, it will provide up to $150,000 in funding and mentorship to 20 selected projects. The initiative aims to drive innovation in Decentralized Finance and Social Finance, starting in November and culminating in a showcase for investors. Key figures emphasize Bitcoin's potential as a platform for real-world solutions. Info here https://bitcoinfi.network/)🟣 Sorare), a blockchain-based fantasy sports company, has been charged by the U.K. Gambling Commission for operating unlicensed gambling facilities, the first action against a blockchain platform. The company must appear in court on October 4. The inquiry started in 2021 to determine if a gambling license was needed. Sorare denies the charges, claiming it does not operate as a gambling product under U.K. law. Info here https://shorturl.at/qKcqz)🚨The U.S. Department of Justice) charged two Russian nationals for running billion-dollar money laundering services for cybercriminals. Their platforms, including Cryptex, laundered illicit cryptocurrency tied to stolen data and ransomware. U.S. and international authorities seized their domains and assets, disrupting their operations. Official info here https://shorturl.at/c0ZzI) The crackdown reflects ongoing efforts to disrupt cybercrime networks and their financial systems.🟠 Two UAE news⚡ First Abu Dhabi Bank (FAB)) Completes Programmable Payments Pilot With J.P. Morgan) Coin⚡ UAE, and Saudi eye big investments in AI, semiconductor sectors
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