In this week’s chronicle of curious events, we find ourselves entangled in a web of legal misadventures, audacious cryptocurrency summits, and the Trump family’s ambitious foray into the metaverse. Meanwhile, the ever-evolving MetaMask has decided to embrace Bitcoin and Solana, as if they were long-lost friends. 😏
Judge dismisses case against HEX founder
- In a rather unexpected turn of events, U.S. District Judge Carol Bagley Amon has cast aside the SEC’s lawsuit against the illustrious Richard Heart, founder of HEX. One might say the judge has a penchant for dramatic exits!
- Heart, who also dabbles in the realms of PulseChain and Pulsex, was accused of raising a staggering $1 billion through unregistered cryptocurrency offerings. Ah, the allure of luxury! It seems he had a taste for the extravagant, including a rather ostentatious black diamond. 💎
- However, the judge, in her infinite wisdom, deemed the connection between Heart’s alleged misdeeds and the U.S. to be as tenuous as a spider’s silk. Our protagonist, a U.S. citizen residing in the serene landscapes of Finland, faced accusations of tax evasion and assault. Quite the résumé, wouldn’t you agree?
Trump to host White House crypto summit
- In a spectacle that promises to be as grand as a circus, President Donald Trump is set to host a cryptocurrency summit on March 7, gathering industry titans and administration officials under one roof. One can only imagine the conversations that will ensue!
- The event will be orchestrated by the crypto and AI czar, David Sacks, alongside Bo Hines, the executive director of the digital assets working group. A duo destined for greatness—or at least a few good laughs!
SEC agrees to drop Consensys lawsuit
- In a surprising act of benevolence, the SEC has decided to dismiss its lawsuit against Consensys, the mastermind behind MetaMask, which had previously accused them of securities law violations. Perhaps they found a better use for their time?
- Ethereum co-founder and Consensys founder Joseph Lubin has announced that the SEC will file a motion to end the case. A round of applause for the legal gymnastics, if you please!
- In another twist, the SEC has formally filed to dismiss its case against Coinbase with prejudice, ensuring that the matter cannot be revisited. A clean break, indeed!
BitMEX seeks deal
- The cryptocurrency exchange and derivatives trading platform, co-founded by Arthur Hayes in 2014, is now on the hunt for potential buyers. One can only wonder what they’ll find in the marketplace of ideas!
- BitMEX has faced its share of regulatory hurdles since 2020, when it was charged with failing to implement adequate anti-money laundering measures. They eventually pleaded guilty, proving that even the boldest can stumble.
ZachXBT joins Paradigm as security advisor
- The enigmatic blockchain investigator, known only as ZachXBT, has taken on a new role with the research-driven investment firm Paradigm as an incident response advisor. A title that sounds as impressive as it is mysterious!
- Paradigm cofounder Matt Huang has lauded ZachXBT’s achievements, noting that he has helped recover over $350 million for victims of hacks and scams. A true hero in the shadows! 🦸♂️
SEC drops Uniswap investigation
- In a move that has left many scratching their heads, the SEC has terminated its investigation into Uniswap Labs, the creators of the decentralized exchange protocol. Perhaps they decided it was time to focus on more pressing matters?
- Uniswap had previously received a Wells notice last April, indicating the SEC’s intent to bring charges for allegedly operating as an unregistered securities broker and exchange. A close call, indeed!
Strive CEO urges GameStop to adopt Bitcoin reserves
- Matt Cole, the CEO of Strive Asset Management, has formally beseeched GameStop to consider adopting Bitcoin as a reserve asset. A bold suggestion that could either catapult them to greatness or land them in a quagmire!
- His letter to Chairman and CEO Ryan Cohen suggests that Bitcoin adoption could position GameStop as a market leader. Who knew a video game retailer could
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2025-03-02 18:08