BitClout is not going to be as easy as the VCs backing it thought. BitClout is a social media network that issues “creator coins” corresponding to different users. The platform appears to use profiles pulled from Twitter, regardless of whether the Twitter user has actually signed up to BitClout or not. Brandon Curtis, the product lead for decentralized token exchange Radar Relay, has fired a legal warning shot at the alleged creator of controversial social network BitClout for using Curtis' likeness without his consent. Anderson Kill P.C., the law firm representing Curtis, has sent a letter to Nadar Al-Naji, formally claiming the former Basis founder breached California's civil codes. We'll see how this goes... A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they're still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over $10 for most of 2021. The Financial Action Task Force (FATF), a global anti-money laundering watchdog based in Paris, released draft guidance on Friday that, if adopted, poses an existential threat to the booming DeFi and NFT markets, analysts say. You can find out what that is and other interesting stories in the link below:
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