Craig Wright Won One Pound, Bitcoin, and Ethereum Streams, Ledger’s Deal, Detailed News on Soulbound Binance

• – In our agenda, which includes detailed news about Binance, the agenda about Craig Wright’s one pound gain, bitcoin and Ethereum flow, ledger’s deal, and soulbound binance come to the fore.

Today, a UK court dismissed a libel lawsuit brought by nChain Chief Scientist Craig Wright against Bitcoin podcaster Peter McCormack. The court found that “Each of the posts is more likely than not to do serious damage to Dr. Wright’s reputation,” but that it would have been unethical for Wright to pay more than nominal damages given his “deliberately wrongful case and evidence of serious harm” that persisted days before the trial. As a result, 1 GBP in compensation was given.

Despite the complaint being filed in secrecy, Tesla CEO Elon Musk sued Twitter on Friday, intensifying the legal dispute with the social media company over a request to withdraw from the $44 billion transaction. In a separate lawsuit filed against Musk on Friday, a Twitter shareholder argued that the billionaire had breached his fiduciary obligation to the company’s shareholders and should be made to pay damages.

investment news

According to data from CoinShares, investments in digital asset investment products increased by a total of $81 million last week and by a total of $0.53 billion for the fifth consecutive week. While Ethereum inflows decreased from $8 million to $1 million in a week, Bitcoin saw a total of $85 million last week (compared to $19 million the week prior).

• According to Bloomberg, Ledger, a significant manufacturer of crypto hardware wallets based in France, is in discussions to raise at least $100 million in a funding round at a valuation greater than the $1.5 billion it requested in its most recent financing in June 2021. addressed to unnamed individuals.
• com, fan interaction and incentives platform driven by blockchain, and FC Barcelona both announced that Socios.com will be a strategic technology partner driving FC Barcelona’s blockchain, NFT, and digital assets strategies as well as its Web3 strategy. Chiliz, the owner of Socios.com and a technology company, will be able to spend $100 million on Barça Studios through the collaboration to acquire a 24.5 percent ownership in the club’s digital content production and distribution hub.

Stock Market News

Binance is getting ready to launch Binance Account Bound (BAB), the first Soulbound Token (SBT) developed on BNB Smart Chain, according to the company. As an onboarding tool that enables users to print their BAB straight to the wallets they use on the site, BAB will only be accessible via the Binance mobile app. The tokens will serve as a Binance identity that proves users have completed the “get to know your customer” procedure, but as “decentralized community” use cases develop, the exchange said in a press release shared with Cryptonews.com that other types of BAB tokens may be released in the future.

• – Bitcoin exchange CoinFLEX stated that they are leaving a “substantial fraction” of the team across all departments and regions, indicating that this will result in a cost base reduction of between 50% and 60%. The exchange intends to “maintain precisely the right size for any firm considering a future acquisition or partnership possibility of CoinFLEX,” even while the majority of the remaining team is concentrated on product and technology.

Metaverse news

• – Co-founder of Ethereum (ETH), Vitalik Buterin, asserted that “everything [Facebook is now constructing] linked to the metaverse is going to misfire.” It’s too early to tell what people genuinely want, he added, adding that we don’t understand what the term “metaverse” means. The metaverse “will be,” but none of the current business initiatives to purposefully create it “are going anywhere,” claims Buterin.