The Winklevoss twins, founders of the Gemini crypto exchange, have been ordered to repay Charlie Shrem, co-founder of the early Bitcoin company BitInstant, $45,000 in legal fees he incurred when the twins filed to have his holdings seized. The dispute stems from a Winklevoss claim that Shrem took 5,000 bitcoin from them in 2012. When the request that Shrem's holdings be seized was denied, a U.S. District Court judge ordered the twins to reimburse Shrem.
Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.
ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.