July 14: Order for Alex Mashinsky, that’s just been served…

Dipti Sood
July 14, 2023

If there’s one thing consistent with the Crypto industry…

It never actually goes forward consistently in a straight line

Some abandoned ship! Some stay through the storms,

And the industry flourishes.

Here’s your rundown of what’s been up and hot lately!

US Government Moves $300 Million Worth of Silk Road Bitcoin – What's Going On?

Source: Cryptonews.com

Yeah, Brit… That’s how we all feel rn…

In a jaw-dropping move, the US government has shaken things up by taking action with its Silk Road Bitcoin reserve. The big question on everyone's minds: Are they planning to sell these assets?

Recent transactions show that the Department of Justice (DOJ) has transferred a whopping $300 million worth of BTC to new addresses. And get this—it all started with the DOJ's seizure of an astounding $3.36 billion worth of BTC, making it their most significant seizure to date.

What could this possibly mean? Speculations are running wild, with some suggesting intriguing liquidity strategies by the US government.

Coinbase Wallet Introduces Messaging Feature for Direct User Interaction

Source: TechCrunch

We appreciate the hustle!

Coinbase, the renowned self-custody wallet, is shaking things up once again with a groundbreaking addition.

Coinbase is rolling out a built-in messaging service! Imagine the convenience of interacting directly with other wallet owners.

Powered by XMTP, a decentralised communications network, this messaging feature allows you to send thousands of different cryptocurrencies seamlessly.

But wait, there's more! Transactions made with the Circle-issued stablecoin USDC are gas-free thanks to the incredible power of Ethereum's layer-2 blockchain, Polygon.

Coinbase Wallet has truly merged the worlds of crypto and messaging, making payments and communication smoother than ever before.

Celsius Network's Alex Mashinsky Arrested as U.S. Authorities Sue Bankrupt Crypto Lender

Source: cryptonews.com

Looks like there’s a need for Harvey Spectre IRL!

Trouble has come knocking on Alex Mashinsky, the former CEO of Celsius Network as he faces charges of fraud filed by the U.S. Department of Justice.

But that's not all—Mashinsky and Celsius find themselves in hot water as multiple regulatory agencies, including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Trade Commission (FTC), have launched lawsuits against them.

The legal battle is heating up, shedding light on the fate of this crypto lender.

Snoop Dogg and a16z Join $20 Million Funding Round for Web3 Music Platform Sound

Source: cryptonews.com

Our sources tell us, that’s what Snoop’s been like since the news dropped!

The stage is set, and the spotlight shines on web3 music platform Sound. This revolutionary platform has just secured an incredible $20 million in a funding round that's sending shockwaves through the industry.

Venture capitalist firm Andreessen Horowitz (a16z) and the legendary hip-hop artist Snoop Dogg are leading the charge!

Sound aims to transform the music industry by connecting artists directly with their fans through the power of blockchain.

Picture this: Artists can now mint their songs as non-fungible tokens (NFTs) and sell them directly to their enthusiastic audience.

With support from influential figures like Snoop Dogg, Sound is ready to challenge the status quo of traditional music streaming platforms.

There you have it—a glimpse into the world of cryptocurrencies.

We've brought you stories of government moves, innovative messaging wallets, a legal rollercoaster, and the disruption of the music industry.

Somehow, nothing else seems fit to describe Crypto other than-

Everything, Everywhere, All at Once!

Stay tuned for more updates!


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