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The Week of October 16, 2023
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Reuters: Israel freezes crypto accounts seeking Hamas donations
LONDON, Oct 10 (Reuters) - Israel has frozen cryptocurrency accounts used to solicit donations for the Palestinian militant group Hamas on social media, police said on Tuesday.
Hamas launched devastating attacks from Gaza into Israel on Saturday, in one of the most serious escalations in the Israel-Palestinian conflict in years.
"According to suspicions, with the outbreak of the war, Hamas' terrorist organisation initiated a fundraising campaign on social networks, urging the public to deposit cryptocurrencies into their accounts," a police statement said. [Read more … ]
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Ferrari is now accepting payment in crypto for its luxury cars—a decision that followed requests from wealthy young clients. (Reuters)
WSJ: Why the U.S. Government Has $5 Billion in Bitcoin. Uncle Sam’s stash of some 200,000 bitcoin was seized from cybercriminals and darknet markets
On the Legal Front
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US SEC does not plan to appeal court decision on Grayscale bitcoin ETF (does this signal a bitcoin ETF approval is near?)
Trader Joe's filed a trademark lawsuit against DeFi exchange Trader Joe, which has falsely claimed it is named for the founder's brother. (Fortune)
📜 California Governor Gavin Newsom signed the Digital Financial Assets Law
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My Crypto Journey From Crypto Mystery to Mastery
Myth Buster Monday is back!
Ever thought of a journey where every step, every twist, and turn, challenges everything you've known? A few years ago, if someone whispered in my ear about the tumultuous yet intriguing world of cryptocurrencies, I would've brushed it off as mere dinner chatter.
Today, I shared that very journey - from skepticism to unearthing the revolutionary world of digital currencies. Watch, subscribe and share!
THIS WEEK ON TECH INTERSECT
Today, we are debunking the myth that cryptocurrencies are completely unregulated. I will share examples of why it’s not the "Wild West" by pointing to existing regulations and laws that can apply today and in the future. This week, I’m joined by my dear friend, Sandra Ro, for episode 179 of the Tech Intersect™ Podcast to discuss the myth that crypto is unregulated!