Welcome to Clutch’s weekly pocket news.
Welcome to Clutch’s weekly Pocket News. This week’s crypto news includes OpenSea’s plan to bounce Ethereum forks using Proof-of-Work after the merge, MicroStrategy’s founder being sued for tax fraud, and Crypto.com adding “Detail-Orientated” to their employee requirements. In Clutch news, we updated our login method and were recently involved in a web event, Now I Know My NFTs: Virtual Summit, where we went through the fundamentals of Web3.
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We recently updated our login process requiring only your email to log in rather than a password. This feature allows you to access your Clutch Wallet by authenticating your account through an email link we send you instead of fishing for a password. Check out this new feature here!
The largest Web3 marketplace for NFTs announced they would focus on supporting NFTs upgraded on the Proof-of-Stake consensus mechanism and avoid NFTs using Proof-of-Work Ethereum forks. Forks are another version of the blockchain with different features than the original blockchain.
The billionaire entrepreneur allegedly avoided paying more than $25 million in taxes within ten years while living in D.C. He claimed he was residing in a lower-tax area when he was really residing in D.C. The D.C. attorney general tweeted that his office is also suing MicroStrategy for helping Saylor evade taxes. Saylor recently stepped down as CEO but remains on the board.
A Crypto.com employee mistyped the account number into the refund total in May 2021, but didn’t notice the mistake until seven months later in an audit. The cryptocurrency exchange sued Thilagavathy Gangadory to reclaim their money, but not before she transferred some of the cash to a joint account. The Australian Supreme Court released a default judgment that Gangadory pays back the full amount including interest.
The crypto exchange scrapped the five-year sponsorship because of regulatory concerns in the United Kingdom, France, and Italy. If the deal had gone through, Crypto.com advertisements would be present for the UEFA Champions League for five years. The exchange is known for sports advertising like the $700 million deal to rename the Los Angelos Staples Center to Crypto.com Arena for 20 years.
Topic: Cold Wallets: All You Need to Know
Date: Tuesday, August 30
Time: 1 PM ET