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Bitcoin Exchange LocalBitcoins to Shut Down 10 Years After Its Inception

LocalBitcoins, one of the longest-running bitcoin exchanges, is set to close this month in response to the "ongoing very cold crypto winter," roughly a decade after its inception. "The Hash" panel discusses the latest firm hit by the downturn in the crypto markets.

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Luxury Brand Hermès Wins Trademark Lawsuit Against ‘Metabirkin’ NFT Creator

After several days of deliberation, the nine-person jury in the copyright infringement trial between Hèrmes and non-fungible token (NFT) artist Mason Rothschild ruled Wednesday in favor of the French luxury brand. The jury also decided the NFTs were not protected under the First Amendment of the U.S. Constitution, as Rothschild's lawyers had argued during the trial. Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni discusses the verdict.

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SALT Lending CEO: FTX Fallout Led to 'Paranoia' Within the Industry

In November, online investing platform Bnk To The Future terminated its planned acquisition of SALT Lending after the latter informed customers it would pause withdrawals and deposits on its platform due to an unspecified exposure to FTX. SALT Lending CEO and Director Shawn Owen discusses the current status of withdrawals and deposits after the crypto lender recently closed a $64.4 million Series A funding round.

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Bitcoin Network Activity Sees Uptick Amid Ordinals Protocol Popularity: Report

Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.

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Hermès Wins Lawsuit Against 'MetaBirkin' Artist: What Does This Mean for the NFT Market?

French luxury brand Hermès won a landmark trademark lawsuit against "Metabirkin" NFT artist Mason Rothschild. Enclave Markets General Counsel Olta Andoni weighs in on the outcome and compares the trademark dispute to Andy Warhol's Campbell's Soup Cans artwork, noting "there's a lot more artistic relevance there."

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Legal Expert on Future of NFT Trademark Law

A Manhattan federal jury concluded that non-fungible token (NFT) artist Mason Rothschild's "Metabirkin" NFT collection violated Hermès' trademark rights. "Just because you are creating digital art doesn't mean no consumer protections are applicable," Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni said.

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Okcoin's Chief Operating Officer Reacts to LocalBitcoins Closing Down

Bitcoin exchange LocalBitcoins is set to close this month amid the "ongoing very cold crypto winter." Okcoin Chief Operating Officer Jason Lau weighs in on how this could impact the market and crypto sector overall.

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Bitcoin Exchange LocalBitcoins Set to Close This Month, Citing Crypto Winter

Bitcoin exchange LocalBitcoins will close this month after 10 years of operation, in response to current market conditions. The company said in a statement, "we are sad to share, that regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service."

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Upgrading Cloud Storage With Blockchain

Should you be using blockchain to help store your data? That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers

Coinbase CEO Brian Armstrong tweeted that he's heard rumors that the U.S. Securities and Exchange Commission wants to ban retail investors from engaging in cryptocurrency staking, the income-generating technique at the core of running blockchains including Ethereum. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

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