Crypto News Roundup for Nov. 1, 2021
Markets Daily Crypto Roundup
With crypto markets trading sideways near all-time-highs and a look at how we may already be living in a post-scarcity world, CoinDesk’s Markets Daily is back with the latest news roundup.
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Blockchain Bites: Bitcoin Rebounds, Addresses Above 2017 Peak, Sci-Hub Decentralizes
Content moderation decisions from Amazon, Shopify and Twitter following the Capitol riots in Washington, D.C., on Jan. 6 have put efforts to “decentralize” the web into sharp relief.Alexandra Elbakyan, the woman behind SciHub, at a conference at Harvard in 2010.(Apneet Jolly/Wikimedia Commons, modified by CoinDesk)Jan 12, 2021 at 5:28 p.m. UTCBlockchain Bites: Bitcoin Rebounds, Addresses…
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
The owner of the stablecoin TrueUSD (TUSD) have taken full control of its operation more than two and a half years after purchasing it from crypto firm ArchBlock.Techteryx, a British Virgin Islands-incorporated firm, bought the business in December 2020, since then the previous owner ArchBlock has continued to manage its operations.Techteryx assumed "full management full…
‘Social Money’ Startup Inks Deal With Rapper Ja Rule, Releases Song With Lil B
Jun 23, 2020 at 19:31 UTCJa Rule (Kathy Hutchins/Shutterstock)‘Social Money’ Startup Inks Deal With Rapper Ja Rule, Releases Song With Lil BPlatinum records are coming to cryptocurrency with a new integration between rapper Ja Rule and social currency startup Roll. Announced Tuesday, Billboard Hot 100 artist Ja Rule has inked a deal with Roll, an…
KuCoin to Pay $22M, Exit New York to Settle State Suit
Crypto exchange KuCoin agreed to pay a total of $22 million and terminate access for users in New York state, court documents filed on Tuesday from the Supreme Court of the State of New York County showed.Kucoin will refund $16.77 million to New York customers and pay $5.3 million to the Attorney General of the
Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms
Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.A complaint filed in the Superior Court of California, San Francisco, alleges Egorov misappropriated trade secrets of the three VC firms, and defrauded the firms out of…
Market Wrap: A Bitcoin Lull as Stocks Signal Economic Optimism
Source: CoinDesk Bitcoin Price IndexBitcoin (BTC) was trading around $9,575 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. After Tuesday’s rapid 8% drop in less than five minutes on high sell volume, bitcoin’s prices have steadied. At 00:00 UTC on Wednesday, the world’s largest cryptocurrency by…
US Man Installs Crypto Mining Rig in Hybrid BMW Sportscar
While it can be powered by the hybrid car's battery, the boot needs to stay open to avoid overheating.The in-car mining rig(Simon Byrnes)Jan 26, 2021 at 12:19 p.m. UTCUS Man Installs Crypto Mining Rig in Hybrid BMW SportscarA U.S.-based cryptocurrency user has installed a mining rig in the trunk of his BMW i8, running the…
First Mover Americas: Bitcoin Holds $67K, CRV Slides
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest Prices(CoinDesk)Top StoriesBitcoin held its ground above $67,000 during the European morning following the Fed's hawkish interest rate projections on Wednesday. The U.S. central bank left rates unchanged