Crypto News

Some Bitcoiners aren't wild about the fact that Rishi Sunak is in Downing Street — and that's because he's enthusiastic about central bank digital currencies.

Sunak's rise to Number 10 has been welcomed by British crypto groups, but it's fair to say that digital assets aren't going to be at the top of his mind right now.

Despite China's clampdown on mining — and restrictions on the use of cryptocurrency — the fact that these intelligence officers allegedly used BTC is an interesting development.

The specific incident relates to scammers who mimicked Three Commas, a trading bot provider, with unsuspecting users sharing their API keys.

Freeway had enticed users by claiming they could earn up to 43% annual rewards through things called "Superchargers" — simulations of major crypto and fiat currencies.

Sixty luxury villas at the old Fyre Festival site are apparently going to be turned into NFTs — and Akon City is yet to be built.

Yet another crypto CEO has announced they're stepping down — we'll find out who.

One critic, Erik Voorhees, pointed out that his approach would ban "80 million innocent Iranians from the future of global finance."

Nate Chastain is accused of buying NFTs that he knew were going to be listed on the marketplace's homepage — and selling them for a profit after they were publicized.

It's unclear whether or not this is a publicity stunt, but it seems executives are confident of "radically recreating land used by the infamous festival" five years ago.

Akon blamed COVID for a lack of progress on construction — but said great strides have been taken on the paperwork side of things.

In a blog post, Wood admitted that being a CEO was a role he had never coveted — and having this position for a prolonged period of time would not give him "eternal happiness."

The exchange claims this is part of a move to boost global adoption, with research showing three times more USDC is bought with dollars than other currencies.

It's the weekend edition of CoinMarketRecap! Connor Sephton and Molly Jane Zuckerman chew over some of the biggest crypto stories from the past seven days.

Also today, crypto personality Layah Heilpern has blocked fellow Bitcoin podcaster Peter McCormack after a row on Twitter.

Also today, a new poll reveals that 77% of people in El Salvador want the president to stop buying Bitcoin with taxpayers' money.

Judge Helen Engebrigtsen ruled that Hodlonaut, whose real name is Magnus Granath, is not liable for damages as a result of the posts he made on Twitter.

Dr. Wright's lawyer is vowing to appeal, and said: "Anonymous online bullying and harassment risks having a chilling effect on meaningful debate and the civil exchange of views and opinions."