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2024-04-29

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On the upside, the price might face resistance near the $1,600 level. The first major resistance is near the trend line and $1,610. It is close to the 50% Fib retracement level of the recent decline from the $1,664 swing high to the $1,549 low. Well-known crypto commentator Dan Held expressed his disagreement with Lewis’ statement that SBF had a “great real business.” how to buy anonymously bitcoinFurthermore, it alleges that Binance CEO CZ established multiple companies within Brazil to evade compliance with local financial regulations. Read more from our opinion section: New Sam Bankman-Fried book ‘Going Infinite’ goes absolutely nowhere

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The Bitcoin Cash miner selling frenzy has contributed significantly to the BCH price reversal from $250 to $225 between October 1 and October 5. Solana Price Prediction as Accumulation Continues at $20 Level – Can SOL Reach $1,000 in the Next Bull Run? 5 Best Crypto Exchanges & Apps Of May 2023Trader Joe's sued a DeFi platform with a similar name for trademark infringement, looking to seize all its profits. / Image by Tada Images, Adobe StockOn October 5, American grocery store chain Trader Joe's filed a federal lawsuit against a decentralized finance (DeFi) platform named Trader Joe. The lawsuit accuses the DeFi platform of trademark infringement and seeks all profits generated by the platform as damages. This lawsuit follows an unsuccessful legal attempt by Trader Joe's in 2022 to close down the platform.The Accusations in the LawsuitAccording to the lawsuit, Trader Joe's alleges that the DeFi platform did not seek permission to use the grocery store's name. "Defendants neither sought nor received Trader Joe’s permission to name their platform after Trader Joe’s,” the lawsuit states. The grocery chain had previously sent cease-and-desist letters to the platform but received no response.The DeFi platform known as Trader Joe was launched in 2021 by an anonymous team. It operates on the Avalanche blockchain and initially started as a fork of SushiSwap. Liquidity providers who deposit funds into Trader Joe earn supply-side fees from traders.The lawsuit by Trader Joe's also delves into branding issues. It claims that the DeFi platform’s employees use aliases within the company and that its use of the "Trader Joe" name helps it benefit commercially from the grocery chain's well-known trademark and broader reputation. “Obscuring their identities both from outsiders and each other in day-to-day business dealings evidences an intent to avoid detection, subvert legal process, and operate free of legal consequence,” the lawsuit says.Past Legal Encounters and New DevelopmentsLast year, Trader Joe's filed a complaint with the United Nations' World Intellectual Property Organization (WIPO), accusing the DeFi platform of capitalizing on the grocery chain's name. However, the defense from Cheng Chieh Liu, a co-founder of the Trader Joe DeFi platform, was successful, and the case was dismissed. Liu argued that the platform was actually named after his brother, Joe Liu.This defense seemed to work until a Substack newsletter from cryptofish, another co-founder of the DeFi platform, stated, “With no name for the DEX yet, [we] just named it Trader Joe, after the supermarket.” This revelation led to the new lawsuit filed in the United States District Court Central District of California. Lawyers for Trader Joe's claim the defendants concocted a false story about the platform’s name, stating, “Those representations were false, and Defendants knew of their falsity.”The lawsuit not only seeks all profits from the DeFi platform but also insists that all affiliated websites be immediately seized and the platform be permanently shut down. Former OpenSea Executive Entangled in AnubisDAO Rug Pull Allegations A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil.

Read more: 4 Best Crypto Brokers for Buying and Selling Bitcoin in 2023 Even before its great crash in 2022, Terra had its first pushback in April 2018 when Cyrus Younessi, former head of risk at MakerDAO and research analyst at Scaler, publicized his doubts about the project. Younessi then believed that Terra/LUNA would not work, narrating a scenario that ended up coming true. 5 Best Cryptocurrency Apps for Beginners 2022Now and Next In January 2022, NFTs were experiencing an all-time high trading volume of US$5.8 billion. But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting to US$395 million in August, a 30-month low, and traders are bracing for a further dip this month. This drastic decline is having artists, collectors and traders wondering if the industry is dying for good.

$1m Fortune Won Playing Slots Game on No.1 Telegram Casino Mega Dice CCIP simplifies the developer experience by offering a unified cross-chain interface. Developers need only integrate the CCIP Router on-chain to start building secure cross-chain applications without the hassle of writing custom code for each blockchain. What to Expect in the Markets Next WeekJust like with PoS, delegates are incentivized with rewards like a portion of transaction fees or a specific amount of coins. The identity of the Bitcoin creator has remained unverified, although one public profile which claimed association with Nakamoto indicated a location in Japan.

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