Regulators sue Winklevoss crypto firm over futures contracts – The Verge

On Thursday, the Commodity Futures Trading Commission filed suit against Gemini Trust Company, a cryptocurrency business founded by Tyler and Cameron Winklevoss. The complaint puts particular focus on Gemini’s Bitcoin Futures Contract, one of the first financial instruments allowing investors to trade on expectations of a cryptocurrency’s future value. The CFTC claims to have found […]

US punishes Blender.io for helping North Korea launder millions in stolen Axie crypto – The Verge

According to the Treasury’s press release, Blender.io was used by the Lazarus hacking group to launder $20.5 million worth of the cryptocurrency it allegedly stole from the crypto-based game Axie Infinity. Blender.io wasn’t the only tool the hackers used, though — to start, the funds stolen from Axie Infinity’s Ronin network were originally in Ethereum […]

Why fossil fuel companies see green in Bitcoin mining projects – The Verge

Other oil companies, including ConocoPhillips in North Dakota, see the energy-hungry cryptocurrency as a way to offload some of their climate footprint and maybe make some cash in the process. If a company lets that methane escape into the atmosphere, which they are embarrassingly frequently guilty of doing, methane would trap heat with 80 times […]

Fidelity is rolling out Bitcoin investing for 401(k) plans – The Verge

Fidelity will soon start allowing eligible individuals to save a portion of their 401 in Bitcoin, the company announced Tuesday. While Fidelity doesn’t specify how much employees can dedicate to cryptocurrency in its release, the Wall Street Journal reports that employees can elect to save up to 20 percent of their retirement fund in Bitcoin. […]

Spotify removes popular comedians’ content over royalties dispute

Spotify has pulled the works of some of the most popular comedians, including Kevin Hart, Tiffany Haddish, John Mulaney, and Jim Gaffigan due to a royalties dispute. As the WSJ notes, comedians are typically paid by their label or distributor — along with digital performance rights organization SoundExchange — when a digital service plays their […]