RATE Group | NBA blocks player’s plan to tokenize contract with Ethereum
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NBA blocks player’s plan to tokenize contract with Ethereum

NBA blocks player’s plan to tokenize contract with Ethereum

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Good morning Forkers, you know what time it is. It’s Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you can’t afford to miss.

Check it out.

1. The Ukrainian government is allegedly preparing plans to legalize cryptocurrency in the country, The Block reports. The move is being pushed by the incoming digital transformation deputy minister Alexander Bornyakov, who says legalization will benefit the country and its government through taxation.

2. Ecommerce website Overstock.com and its former execs are being sued for securities fraud, a US states district court document states. The document, filed last Friday, alleges that a substandard cryptocurrency strategy and a series of releases (described as “bizarre”), led to continued losses. The lawsuit specifically cites tZERO, Overstock’s token trading platform, and a digital security token. Investors were allegedly…

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