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In a recent livestream, Cardano founder Charles Hoskinson criticized certain cryptocurrency projects, particularly Hex and PulseChain, labeling them as "curiosities" with problematic community behaviors. He highlighted ongoing legal issues surrounding Richard Heart, including an SEC case alleging fraud, and cautioned these communities to reflect on their ecosystems and governance. Despite the harsh critique, Hoskinson emphasized Cardano's neutrality and lack of interest in engaging further with these projects.
Several figures in the crypto industry have landed on Santa's "Naughty List" for 2024 due to alleged scams and misconduct. Pastor Eli Regalado is accused of defrauding church members of $3.2 million through a bogus crypto token, while brothers Jonathan and Tanner Adam face SEC charges for a $60 million Ponzi scheme. Additionally, crypto influencer Sahil Arora is under scrutiny for exploiting celebrity connections to profit from meme coins, and viral star Hailey Welch's HAWK token launch has been criticized for insider trading signs. The SEC has ramped up enforcement actions, reflecting a growing crackdown on fraudulent activities in the digital asset space.
Craig Wright received a one-year suspended sentence and a £145,000 fine for contempt of court after defying a ruling to cease legal actions against Bitcoin developers. Despite previous court dismissals of his claims to be Satoshi Nakamoto, Wright continued to file lawsuits worth over $1.2 trillion, leading to accusations of causing distress and harm to the cryptocurrency community. He plans to appeal the sentencing while maintaining his controversial assertions.
Solana (SOL) has emerged as a leading cryptocurrency, known for its high-speed transactions and expanding ecosystem, despite facing challenges like network outages and market volatility. As of December 2024, SOL is priced around $182.35, with predictions suggesting potential recovery to previous highs if technical issues are resolved and market conditions improve. The future of Solana hinges on its ability to enhance network stability and maintain user adoption amidst competition from other blockchain platforms.
Craig Wright, who a UK court ruled is not Satoshi Nakamoto, faced contempt of court for continuing to assert his identity as Bitcoin's creator. He received a suspended two-year jail sentence, contingent on ceasing lawsuits in Nakamoto's name, after filing a new claim against Bitcoin developers. Legal experts suggest this ruling may mark the end of Wright's claims to Bitcoin's creation.
Craig Wright, who claims to be Bitcoin's creator, has been declared in contempt of court in the UK and received a one-year suspended sentence for filing a $1.2 trillion lawsuit against Block, violating a previous court order. A judge found overwhelming evidence that Wright is not Satoshi Nakamoto, dismissing his lawsuit and noting his likelihood of evading jurisdiction while living abroad. Wright plans to appeal the contempt ruling.
Solana (SOL) is experiencing a bullish momentum, currently trading at $225.43 after a 4.25% increase in the last 24 hours, following a dip to $215-$220. Analysts suggest this surge may signal the start of a price recovery, supported by a rise in Total Value Locked (TVL) to $9.103 billion and a 2.18% increase in Futures Open Interest to $5.17 billion, indicating growing investor confidence. With these positive indicators, SOL is positioned to potentially lead the next market rebound.
Evelyn Partners has appointed Matthew Spencer, a former managing director at Close Brothers Asset Management, as head of intermediaries to spearhead its IFA business expansion. He replaces Craig Wright, who is set to return to Australia next year, and will report to chief investment management director Chris Kenny. Spencer previously founded Mycelium Strategy, focusing on business development strategy.
Craig Wright
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