PleasrDAO files lawsuit against Martin Shkreli
The decentralized autonomous organization claimed Shkreli’s livestream of a one-of-a-kind Wu-Tang Clan album owned by the DAO caused undue damage.
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More like ‘shock-to-flow’ — BTC price hits bull trigger as mystery buyers scoops up supply
Someone is buying "a lot" of Bitcoin this week as stock-to-flow deflection reaches a level which traditionally sparks a serious price surge. Bitcoin (BTC) is due for a fresh price surge if one classic price model repeats historical behavior — and buyers are still supporting it.In a tweet on Aug. 3, analyst William Clemente noted…
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Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers
An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually sold the Monero for around 100,000 yuan ($14,300).Large-scale crypto-jackingSenior engineer, An Bang, was employed by Baidu to maintain its…
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Bitcoin ETFs scooped up almost 3X more BTC than produced in December
Spot Bitcoin ETFs in the United States hoovered up a whopping 51,500 BTC in December while only a fraction of that was produced.
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Telegram’s Legal Battle With the SEC Heats Up Over TON Bank Records
Telegram’s battle with the United States Securities and Exchange Commission became one of the most closely followed legal dramas of the crypto space in 2019. This was not only because it appeared to be the first time the Durov brothers’ relentless expansion faltered but also because the court case could have lasting implications for future…
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Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China
Geely Holding sold over 2.2 million vehicles in 2021, including 698,693 Volvo cars. 469 Total views 55 Total shares On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims…
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Packed your Bitcoin? A BTC holiday in Costa Rica goes fiat free
Passport, sunglasses, beach towel, Bitcoin (BTC)? A BTC enthusiast on vacation demonstrated that the world's largest cryptocurrency could soon become a holiday essential. Eugenio, a Costa Rican Bitcoin maximalist, paid his way on holiday with just Bitcoin in his wallet during a long weekend on Costa Rica’s Pacific coast.A hotspot for Bitcoin adoption and real-life…
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Blockchain Australia says gov’t still dismissing industry as a ‘wild west’
The industry body has accused the government of leaning into narratives about malicious actors and scams, rather than engaging with the blockchain space to establish fit-for-purpose regulation. 115 Total views 2 Total shares Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due…
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Crypto Lending Platform Nexo Lowers Rates on Instant Credit Lines
Nexo, a crypto lending institution, announced that it has lowered the interest rates on its instant crypto credit lines.Lowest rates in the blockchain ecosystemIn a press release published Oct. 22, Nexo announced that it was lowering interest rates on its credit line service after securing long-term cost-efficient financing. The instant lending platform claims that they…