Marathon Digital fined $138M for non-circumvention agreement breach

The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive records. Both aspects make the insurance sector an appealing ground for blockchain-based optimization — and indeed, distributed ledger technology…

Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach.“Cardano is boring. We are boring because we are based

Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year. 191 Total views 1 Total shares Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.A study published…

Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov. Komodore64 — which launched in June with the objective to create a game platform where transactions are tracked on blockchain — appeared to be a fraudulent scheme…

Controversial cryptocurrency payments processor BitPay is facing another PR nightmare after the company rejected a $100,000 donation to an Amazon rainforest charity.BitPay leads Amazon Watch to compliance dead endAccording to a social media complaint by Amazon Watch, an organization which seeks to support the Amazon rainforest’s ecology and indigenous peoples, the payment failed to pass…

Bitcoin (BTC) and most major cryptocurrencies have pulled back from their recent local highs, signaling profit booking by traders. Is the current pullback a buying opportunity or has the trend turned lower? This is likely to be the question in every trader’s mind.Bollinger Bands creator John Bollinger said in a recent tweet that Bitcoin had…

Cruz has joined the growing list of American politicians who have been advocating for Bitcoin adoption in the United States. 602 Total views 32 Total shares Republican Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization.Cruz said he is very bullish on…

Investment firm Wilshire Phoenix just filed with the SEC for a tradeable Bitcoin fund similar to the Grayscale Bitcoin Trust. 1131 Total views 30 Total shares Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with…

The “hack” of the DAO runs deep into the collective memory of the cryptocurrency community. After an extremely successful crowdfund in May 2016, the DAO lasted a little over a month before an attacker started to drain funds from the smart contract, taking around $70 million worth of Ether (ETH). However, as some pointed out at…