A US engineering firm awarded singer and entrepreneur Akon with a $6B contract to build a crypto city in Senegal. U.S. engineering firm, KE International, awarded Senegalese-American singer and entrepreneur Akon with a $6 billion contract to build a cryptocurrency city in Senegal. According to a June 4 announcement, KE International secured $4 billion from […]
Continue Reading
BlackBerry releases crypto mining and cryptojacking detection software focused on computers running Windows 10. Software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based commercial computers. According to the announcement, BlackBerry released “BlackBerry Optics v2.5.1100”, which relies on the BlackBerry Optics Context Analysis […]
Continue Reading
Vitalik Buterin pointed out that 40 M fewer Ethers have been mined today than was envisioned five years ago. Vitalik Buterin tweeted today that the Ethereum (ETH) supply is 40 million ethers less today than what was estimated in the original whitepaper. He believes this refutes the theory that Ethereum is run by inflationaist technocrats. […]
Continue Reading
A new World Economic Forum study has revealed how blockchain technology can be used to prevent corruption in public procurement. Worldwide, governments devote an estimated $9.5 trillion each year to public procurement — an average of approximately 15% of national gross domestic product. This money goes to public goods and services such as the construction […]
Continue Reading
The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes. The United States Tax Court has affirmed the IRS’ decision to deny a Maryland couple an installment plan. They state instead that the couple should liquidate their $7 million cryptocurrency holdings to pay off the tax debt. The […]
Continue Reading
Telegram founder Pavel Durov admonishes Facebook and Instagram for generating ad revenue from scams that are being promoted from his name. Telegram founder, Pavel Durov, lashes out at Facebook and Instagram for making money off of scammy ads that use Durov’s name and image. Through his Russian Telegram channel on June 17, Durov accuses the […]
Continue Reading
As protests against police brutality continue in the U.S., privacy advocates warn of the risks posed by centralized social media platforms. The protests in the United States against police brutality and systemic racism sparked by the murder of George Floyd by former Minneapolis police officer Derek Chauvin on May 25 are showing no signs of […]
Continue Reading
The utopian idea of universal basic income — which has been with humanity for at least half a millenia — can become real with digital currency. Due to the crisis caused by COVID-19, millions of people have lost all or part of their income. To support them, governments have been giving out money to victims. […]
Continue Reading
Chris Giancarlo, who as CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP. However he is now at a law firm providing counsel to Ripple, calling the impartiality of such claims into question. Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, published an opinion on June […]
Continue Reading
ATBCoin has claimed that it is unable to pay a $250,000 settlement to a lawsuit over its $20 million ICO, prompting calls from the plaintiffs for the court to enforce the agreement. Investors who settled claims against the self-proclaimed “fastest blockchain in the world” ATBCoin LLC have requested that a New York federal judge intervene […]
Continue Reading