Is Peter Todd the Real Satoshi Nakamoto? HBO Documentary Suggests So
HBO recently aired a documentary called Money Electric: The Bitcoin Mystery, in which Peter Todd, a developer is confronted with evidence that he is Bitcoin’s creator, Satoshi Nakamoto. Although Todd admits that he is Satoshi Nakamoto, the statement seems more of a joke than a true confession. Todd, who is known for supporting the privacy rights of the real Satoshi Nakamoto, denied being the creator of Bitcoin before and after publishing the documentary’s release. The ending of the documentary is based on something Todd once said about "sacrificing Bitcoin"; the producers interpreted this as confirmation, but Todd still denies the claim.
Senior Citizen to Pay $14M After Admitting to Crypto Ponzi Scheme
Former attorney David Kagel, 86, was sentenced to five years of probation and ordered to pay nearly $14 million penalty after pleading guilty to running a crypto Ponzi scheme. Despite Kagle’s poor health and hospitalization, he was found guilty of conspiracy to commit commodity fraud by defrauding investors using a fake crypto bot trading scheme. Kagle and two accomplices scammed victims with promises of high returns from 2017 to 2022, collecting at least $15 million. Cagle used his law firm’s letterhead to build trust and has since had his law license revoked in 2023 for misconduct. His accomplices are awaiting trial next year.
Vitalik Buterin Sells $300K Worth of Meme Coins & Supports Tornado Cash
Ethereum co-founder Vitalik Buterin recently sold $300,000 worth of memecoins and USDT from his wallet, converting the assets into 140.67 ETH. The tokens sold include Moodeng, Neiro, Degen, and Kabosu, generating impressive profits. Buterin then sent 100 ETH (approximately $242,000) to the “Free Alexey and Roman” campaign to support the Tornado Cash developers’ defense. While it’s unclear whether the donation came from direct sales, Buterin has a history of converting meme coins into donations. He said he wants to use meme coins for practical purposes, such as raising money for charity.
Crypto.com Sues SEC in Fight to Secure Crypto's Future in America
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) after the agency issued a Wells Notice to protect the future of the crypto industry. Crypto.com CEO Kris Marszalek criticized the SEC’s regulatory overreach, which he claims has harmed millions of American crypto users. The lawsuit argues that the SEC misclassified nearly all crypto assets as securities and expanded its jurisdiction beyond legal limits. Despite this legal action, Crypto.com remains active and has sought regulatory guidelines from the SEC and the Commodity Futures Trading Commission (CFTC).
AI Startups Hit Funding Milestone with $11.8B Raised in Q3
Despite the slowdown in venture capital activity, AI Startups continued to attract significant investment in the third quarter of 2024, raising $11.8 billion in funds. According to Stocklytics, this inflow represented 30% of all investment opportunities. Although the number of deals decreased by 28% compared to the previous year, larger investments kept investor sentiment positive. Notable challenges, including U.S. export restrictions on AI chips, did not create lost interest in investing in AI startups. The cumulative funding for AI startups now surpasses $241 billion with U.S. companies amounting to 65% of this figure. This illustrates that AI’s convergence with blockchain is seen as a significant opportunity for investors.
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