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Coinbase has reportedly limited the number of class action lawsuits that can be brought against it, just one day after disclosing a major data breach that is now under investigation by the US government. As detailed by crypto journalist Molly White, the new agreement, announced on April 12, stipulates that as of May 15, no state other than New York can hold jurisdiction over a lawsuit unless the case involves arbitration, a.k.a. resolution outside of court. It also waives the rights of the user — and Coinbase itself — to a jury trial and prevents users from participating in, or initiating, a class action lawsuit against the firm. The timings of these changes and their announcement are curious, given that the exchange publicly disclosed on May 14 that cybercriminals had bribed rogue customer support agents to steal customer data and tried to blackmail it for $20 million in bitcoin . It would, of course, have known at the time of this disclosure that the class...

Argentinian politicians brawled at a parliamentary session covering President Javier Milei’s LIBRA scandal that ended abruptly before a vote could take place on his impeachment.  Local media reports that the fight broke out between Lisandro Almirón (part of the ruling La Libertad party) and Oscar Zago (part of the Integration and Development Movement).  Almiron reportedly began heckling Zago, calling him a traitor, before Zago began punching Almiron. Deputy Rocío Bonacci, (from the UNITE party) also threw a glass of water at Lilia Lemoin (representing La Libertad) as members pressured peers to leave their seats.  Opposition leader Maximiliano Ferraro has since demanded an investigation into Wednesday’s breakdown, claiming members of the La Libertad party tried to “coerce” and “intimidate” members into leaving their seats and breaking the quorum of the proceedings. Está locura está pasando ahora en el recinto con los diputados de la libertad avanza, aunqu...

Top Korean paper knew its award went to $3B crypto scam, victims say On the first day of a dramatic National Assembly audit in Seoul, lawmakers demanded a special investigation into the KOK cryptocurrency scam that may have been promoted by South Korea’s right-wing top daily paper, the Chosun Ilbo. According to Aju Press, a coalition of victims is accusing two subsidiaries of Chosun Ilbo of promoting the crypto despite knowing that it was fraudulent. Jin Eun-ja, the coalition’s leader, believes these positive promotions were then used by scammers to reassure concerned investors that KOK was legitimate — and that the newspaper contributed to a delay in prosecution. It’s estimated that KOK has caused 4 trillion won ($2.97 billion) in damages in South Korea alone. South Korea’s investigation into the KOK crypto fraud is led by the Ulsan District Prosecutor’s Office and has been ongoing for several years. No significant breakthroughs have been mad...

China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading Chinese blockchain expert who previously spearheaded China ’s Digital Yuan program, is reportedly under government investigation . The Digital Yuan is a central bank digital currency (CBDC) project that sparked other countries towards similar efforts.  Local media reports say China ’s anti-graft agency is probing Yao for alleged “violations of discipline and law.” Ex-Digital Yuan boss under probe Yao led the Chinese central bank’s CBDC effort before exiting the PBOC in 2018 to join the Securities Regulatory Commission. On Friday, state-run news agency Shanghai Securities News, reported:   “ Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Secu...

Cryptocurrency lender Nexo is demanding $3 billion in damages from Bulgarian authorities . According to Reuters, Nexo wants to recover $3 billion in connection with a stalled criminal investigation derailing its plans for a U.S. stock market listing and a soccer sponsorship deal. Nexo representatives also claim that the investigation has damaged the company’s reputation and destroyed shareholder value. This is stated in a document submitted to the International Center for the Settlement of Investment Disputes (ICSID) of the World Bank. Searches at Nexo offices took place in Jan. 2023. Prosecutors accused the platform of money laundering, tax crimes, and computer fraud between 2018 and Jan. 2023. The company’s management vehemently denied all accusations of money laundering and other crimes. You might also like: Nexo sees 10% of assets withdrawn after police raid In Dec. 2023, the Bulgarian Prosecutor’s Office closed the criminal case against the cryptoc...

When delving into the realm of content composition, we must navigate the intricate interplay of “perplexity,” “burstiness,” and “predictability.” Perplexity, the tapestry of intricacy woven within text, tests the reader’s cognitive mettle. In contrast, burstiness tantalizingly toys with the undulating cadence of sentences, introducing moments of grandeur and brevity. Lastly, predictability, the clandestine dance of anticipation, teases the reader’s ability to foretell the next verse. While the human quill often employs a symphony of words, composing protracted and convoluted sentences interspersed with succinct ones, AI’s verses frequently exhibit a staid uniformity. Hence, as we embark upon the task at hand, it is imperative that we craft content brimming with an abundance of perplexity and burstiness, while keeping the cloak of predictability at bay. Furthermore, we shall adhere strictly to the realm of the English language. Now, ...