AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor
Michael Terpin is suing AT&T, claiming the company’s failure to protect his cell phone data lead to hackers stealing $24 million in cryptocurrencies.
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Marathon Digital Misses Q2 Earnings and Revenue Estimates
Marathon Digital (MARA), one of the largest bitcoin miners in North America, missed on both the top and bottom lines in its second-quarter earnings report on Tuesday. The miner reported an adjusted loss per share of $0.13 on revenues of $81.8 million compared to FactSet analyst estimates for a loss of $0.06 on revenues of…
Anti-Patent Troll Consortium Is Recruiting Blockchain Startups
feature Three blockchain technology companies have joined a multi-industry consortium dedicated to protecting members against the threat of patent assertion entities (PAEs) – more commonly known as patent trolls. Revealed exclusively to CoinDesk, Peer Mountain, MARKNetwork and IBISA have signed on to LOT Network, which was formed in 2014 by Google, software maker Red Hat…
CZ’s Trial Proves it Pays to Cooperate
A contrite Changpeng “CZ” Zhao has been sentenced to four months in federal prison, for his apparently limited role in the illegal activity at Binance, the crypto exchange he founded in 2017. U.S. District Judge Richard Jones in Seattle specifically noted CZ’s many contributions to charity, as well as willingness to accept responsibility, all while
Bitcoin Miners Buy up Rigs as Prices Near All-Time Lows
The prices of bitcoin mining rigs – hardware machines used to verify and add new blocks to the Bitcoin blockchain – have slid to near their all-time lows in the past year due to falling profitability, and miners are taking advantage of this opportunity to stay ahead of the competition.Profitability has been on the decline…
U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl
U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline.The prominent member of the Senate Banking Committee referred to data from research firm Elliptic that revealed more than 90 Chinese businesses offering to ship fentanyl precursors,…
Crypto Exchange Bitstamp Is Adding UK Pound to Funding Options
news The longest standing cryptocurrency exchange BitStamp will soon offer funding denominated in British pounds. The exchange, which is also Europe’s largest, is partnering with crypto brokerage, BCB Group, to allow users to deposit and withdraw funds in GBP. The feature will be enabled by the end of the year, according to a statement. As…
Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
Bitcoin surpassed $58,000 during Asian trading hours, influenced by a rally in U.S. tech stocks and positive movements in Asian equities. Despite the bitcoin price increase, U.S. spot bitcoin ETFs experienced outflows, with Ark Invest’s ARKB seeing a notable $54 million outflow. AI tokens posted modest gains amid reports that OpenAI is planning to raise
BitcoinACKs Lets You Track Bitcoin Development and Pay Coders for Their Work
Sep 30, 2020 at 08:00 UTCBitcoinACKs Lets You Track Bitcoin Development and Pay Coders for Their Work“If Bitcoin is decentralized, who funds its development?” This longstanding question, historically answered by the quiet work of volunteer Bitcoin developers, now has a new response: a website that allows Bitcoin users to pledge payment for protocol upgrades.The brainchild…