Judge Rules Against ICO Founder in Fraud Lawsuit
A federal judge ruled against Monkey Capital and Daniel Harrison after finding he defrauded victims in an initial coin offering.
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Bitmain to Begin Selling New Bitcoin Miners Later This Week
Bitmain is launching two new Antminer models targeting the bitcoin mining industry. The crypto hardware manufacturing giant announced Tuesday that the new Antminer S15 and T15 machines will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor, and will go on sale on Nov. 8. The new miners "possess industry-leading hash rates…
Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling
In September 2016, a police-blotter news item appeared on the website of a local CBS TV affiliate in Miami Beach, Florida: Pedestrians in the upscale area, just a couple of blocks from the former Versace mansion, had spotted two men on the penthouse balcony of a multilevel condominium building, aiming an AR-15-style assault rifle toward…
Overstock CEO: Crypto Investments Are Ready for Prime Time
Jan 13, 2020 at 19:52 UTCOverstock CEO and Medici Ventures President Jonathan Johnson has been betting on crypto companies for most of the last decade. Now he believes these investments are finally ready to enter the real world.In an interview at the Digital Money Forum during CES 2020, Johnson talked about Medici's portfolio of companies…
$72M Crypto Fund Backed by Paul Tudor Jones and LL Cool J Comes Out of Stealth
Led by Glenn Hutchins, the new fund has already invested in Dapper Labs and other crypto projects.Glenn Hutchins of North Island Ventures speaks at Consensus 2018(CoinDesk archives)Feb 4, 2021 at 3:14 p.m. UTCUpdated Feb 4, 2021 at 3:15 p.m. UTC$72M Crypto Fund Backed by Paul Tudor Jones and LL Cool J Comes Out of StealthLL…
Former Estonian Prime Minister Becomes Blockchain Startup Advisor
A former Estonian prime minister has signed on as an advisor to a blockchain startup that wants to encourage people to exercise more. Taavi Rõivas, who ran the Estonian government as prime minister from 2014 to 2016 and currently serves as a member of the country's parliament, has joined cryptocurrency startup Lympo as chairman of…
Bitcoin News Roundup for May 26, 2020
May 26, 2020 at 16:00 UTCRemember that time you claimed to be Satoshi Nakamoto? It’s the inevitable return of CoinDesk’s Markets Daily podcast! For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Today’s stories: For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Disclosure Read…
Will Mayor Suarez’s Miami Be the First Major City to Buy Bitcoin?
The entrepreneurial mayor brings his recruitment of tech talent to the crypto space with the potential of a 1% investment of the city’s reserves into BTC.This episode is sponsored by Nexo.io.Today on the Brief:Initial jobless claims grow the most since MarchBiden unveils emergency relief planFed Chair Powell discusses CBDCs and stablecoinsOur main discussion: Is Miami…
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The Bank of China has shown a machine that converts foreign currencies into digital yuan, China Times reported today.The machine is likely in preparation for the 2022 Beijing Winter Olympics, when the central bank digital currency (CBDC) is set to be introduced to the rest of the world.Users need to link their passports to the…