Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison
David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme,” which netted an estimated $8.4 million from victims.
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Terra developers propose revised 95M LUNA ecosystem funding program
It is an update to the original 100M ecosystem funding proposal, which Terra developers say did not fit the community's needs. 202 Total views 2 Total shares On Monday, developers of the Terra ecosystem, which consists of Luna Classic (LUNC) — formerly known as Terra (LUN, TerraUSD (USTC), and Luna 2.0 (LUNA), proposed a revised…
Solana outage triggers ballistic reaction from the crypto community
A community member argued that outages are putting decentralized finance protocols running on Solana at risk of insolvency. Own this piece of history Collect this article as an NFTAs the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum…
Coinbase Reportedly Preparing for Stock Market Listing Later in 2020
Preparations for a Coinbase stock market listing are in full swing, sources report. 1654 Total views 38 Total shares Coinbase, Inc. is reportedly preparing for a U.S. stock market listing that could come this year, according to Reuters reporting.According to Reuters sources, preparations for a listing are underway but still need the green light from…
Ripple and SEC agree to stay $125M judgment, hinting at appeal
Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay.
Belgian MP becomes first European politician to accept salary in Bitcoin
The Belgian MP will convert his monthly salary of EUR 5,500 to Bitcoin using the country’s popular cryptocurrency trading platform Bit4You. 39 Total views 2 Total shares Bitcoin (BTC) craze among lawmakers has reached the Belgian parliament now, as Brussels member of parliament Christophe De Beukelaer became the first European politician to convert his salary…
Researchers Highlight Privacy Issues With Lightning Network
Researchers from the Norwegian University and the University of Luxembourg have published a research paper detailing an attack that can deanonymize transactions broadcast across Bitcoin’s Lightning Network. The Lightning Network emerged as a controversial compromise from the Bitcoin (BTC) block limit and scalability debate. It’s a second layer solution that facilitates near-instant, low-cost Bitcoin transactions. Proponents…
Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory
Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory while XRP price jumped above $0.50 in response to Ripple's big legal win. BTC/USD 1-hour chart. Source: TradingViewHawkish Fed's Powell fails to dent BTC priceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it edged closer to two-month highs from the
Ethereum’s Vitalik Buterin on ‘Zombie’ BitTorrent Under Justin Sun Dictatorship
Ethereum’s Vitalik Buterin lamented what he regards as an example of the “Justin Sun dictatorship,” after the TRON (TRX) founder was implicated in yet another plagiarism controversy.A recent rebranding of the BitTorrent File System (BTFS) was met with outrage by Juan Benet, creator of IPFS — or Interplanetary File System. Benet pointed out similarities between…