ETH investor earns $131m, cbBTC liability clarified on X, crypto scammer fined $36m ⚡️ Hamster News
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Hamster News: Crypto Business, Legal Insights, and Big Wins
Hey hamsters, in today’s news:
Kamala Harris continues to encourage crypto business. Coinbase’s legal officer speaks out, and things continue full speed ahead for the IMF. This and more in today’s edition of Hamster News.
Kamala Harris Encourages Crypto Business
In a Wall Street fundraiser billed by organizers as the final chance to see Harris speak in New York, Vice President Kamala Harris shared that she’ll encourage crypto business while protecting consumers and investors. The production market, Poly Market, states that Harris is leading in four of six swing states.
Coinbase’s Legal Officer Speaks Out
The Chief Legal Officer of Coinbase, Paul Grewal, shares his love for Sunday contract law. He took to X to respond to fears around its new wrapped Bitcoin product, CBBC service terms, stating, “We aren’t liable for more than the BTC will lose in what is considered a basic liability.”
Big Wins in the Cryptocurrency Market
Luk and Chain reported that one cryptocurrency investor with diamond hands made $13.172 million by investing in Ethereum during the bear market on September 3rd and 4th, 2022, and selling it in the bull market. Big wins, hamsters, big wins!
IMF Issues CBDC Adoption Strategies
When it comes to legalities, the International Monetary Fund (IMF) issued the Central Bank Digital Currency (CBDC) adoption inclusive strategies for intermediaries and users. The paper outlines a high-level four-stage framework focusing on regulation, education, design, and incentives for CBDC adoption.
Federal Court Fines New York Resident
A federal court judge has also fined a New York resident $36 million for allegedly swindling crypto investors by promising high returns and using the funds to support his personal expenses, including rent for his residence and luxury vehicles.
Conclusion
That’s all for today. Thanks for watching! Subscribe and remember, hamsters have power—one for all and all for one. See you tomorrow!
