Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling

Jul 28, 2020 at 10:00 UTCChristian Lundkvist and Vitalik Buterin speak at Devcon 1. (Ethereum Foundation/YouTube)Memories of London’s Devcon 1, Ethereum’s ‘Woodstock’ MomentEthereum’s Devcon 1, held in London in November 2015, was like Woodstock, except perhaps with less nudity. Bankers and Big 4 consultants disguised in hoodies shared space with dreadlocked Ethereum coders, sitting cross-legged…

Bitcoin (BTC) surged past $53,000 on Monday to its highest price since November 2021, leaving past its recent sideways range as the crypto rally suddenly resumed.The largest crypto by market cap broke out from its trading channel, hitting $53,600 during mid-morning U.S. trading hours, CoinDesk data shows. At press time, BTC was changing hands at

Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...A hacker who exploited decentralized-finance protocol Safemoon…

Oct 28, 2020 at 16:05 UTCBlockchain Bites: Bitcoin Miners’ Slim Margins, ConsenSys’ Latest CBDC Pilot, a16z’ Power HireBitcoin’s hashrate is soaring. Ethereum incubator ConsenSys has signed on to another CBDC pilot. JPMorgan unveiled a revamped interbank transfer blockchain network that could challenge SWIFT.Top shelfLower profitsBitcoin mining profitability is at all-time lows in 2020, spurred in…

The Wall Street brain trust behind the U.S. Treasury Department's debt management took a close look at tokenization and found a lot to like. The advisory committee also examined stablecoins and argued that a token such as Tether's USDT could pose a significant run risk. The committee produced a report, which also suggested that stablecoins

The Texas State Securities Board entered an emergency cease-and-desist on Tuesday against a cloud mining company based in Australia that it said was selling unregistered securities. In the order, Texas securities regulators claim that Automated Web Services Mining (otherwise known as AWS Mining), AWS Mining PTY LTD., a number of of AWS Mining's officers, crypto…

news An ongoing experiment with bitcoin payments technology, the lightning network, continues to see support from some big name individuals and companies. The latest to receive a payment in a chain of transaction now known as the”Lightning Torch” are the digital assets team at financial giant Fidelity Investments and LinkedIn co-founder Reid Hoffman, both of…

In a rare move, Polymarket has contradicted its decentralized oracle service UMA with regard to the resolution of a market betting on whether Barron Trump was likely involved with the DJT token. Neither Barron Trump nor Donald Trump's campaign has made an official statement about the token. Polymarket has signaled it may overrule UMA, a

feature The MakerDAO loan system, administered by the Maker Foundation, hit its debt ceiling Wednesday with roughly $100 million worth of the stablecoin DAI issued and more than $339 million worth of ethereum locked up as collateral. On Thursday, the Maker Foundation proposed a new debt ceiling of 120 million DAI, which will now be voted…