• CoinFLEX co-founder accuses Roger Ver of betrayal in near bankruptcy saga
• Hong Kong court recognizes crypto as property in Gatecoin case
• SEC’s Gary Gensler says he has never owned crypto
CoinFLEX Co-Founder Accuses Roger Ver
CoinFLEX co-founder Mark Lamb has accused Bitcoin evangelist and investor Roger Ver of betrayal after the near bankruptcy of his company. Lamb claims that Ver failed to honor an agreement to invest $10 million into CoinFLEX, leading to a cash crunch which caused the company to nearly go bankrupt.
Hong Kong Court Recognizes Crypto as Property
The High Court of Hong Kong has granted recognition to cryptocurrency as property in its ruling on the Gatecoin case. This is a huge victory for the cryptocurrency community since it grants legal protection to cryptocurrencies from theft or other fraudulent activities. In addition, this ruling will also help legitimize the use of cryptocurrencies within financial markets and services in the region.
President Trump NFTs Floor Price Crashed 58%
The floor price for President Donald Trump’s Non-Fungible Tokens (NFTs) crashed by 58% following their launch on Monday. The NFTs were initially offered at a floor price of $20,000, however this quickly dropped to just under $8,500 after just 24 hours due to low demand from buyers.
SEC’s Gary Gensler Says He Has Never Owned Crypto
SEC Chairman Gary Gensler recently revealed that he had never personally owned any cryptocurrency during his time with the government agency. While Gensler did not explain why he had chosen not to invest in digital assets while working at one of the most important regulatory bodies related to finance and capital markets, many speculate that it was due to potential conflicts of interest with his position at SEC.
Fed Official Says CBDC Risks Outweigh Benefits
Federal Reserve Board Member Lael Brainard recently stated that she believes risks associated with Central Bank Digital Currencies (CBDCs) currently outweigh benefits given their potential implications for financial stability and privacy rights. Brainard noted that more research is needed before any policies are put into action and said that if CBDCs were ever implemented they would need significant oversight from regulators like herself.
