Craig Wright has abandoned his $125,000 libel suit against Blockstream CEO Adam Back and paid $8,400 in legal fees. Crag Wright, the self-proclaimed Satoshi Nakamoto and chief scientist at NChain, has dropped a libel lawsuit against Adam Back over the Blockstream chief executive’s assertion that Wright was fraudulent in claiming to be the creator of […]
Continue ReadingBitcoin drops to a key level, Jack Dorsey pledges $1 billion to fight the coronavirus, and how blockchain is being used to fight fake news in the age of COVID-19. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and […]
Continue ReadingCould 11 class-action lawsuits filed against major players from the crypto space do damage to the industry, or will they help it mature? Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the […]
Continue ReadingA Chicago businessman has been sued over allegedly misappropriating more than $2 million in funds ostensibly for cryptocurrency trading. A trust has sued businessman, Brock Flagstad, over allegedly misappropriating over $2 million in funds that were purportedly designated for cryptocurrency trading. Despite Flagstad soliciting the funds for the purpose of digital asset trading, the James […]
Continue ReadingThe Texas securities regulator has taken emergency action against a cloud mining firm touting unverified charitable donations. The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities. The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities […]
Continue ReadingLeading crypto exchange Binance is refuting claims of embezzlement recently levied against it by an alleged scammer. Major cryptocurrency exchange Binance is refuting recent claims of embezzlement from a Ukrainian national whose account was frozen for alleged fraud. Speaking to Cointelegraph, Binance noted inaccuracies in the sums of crypto assets that the Ukrainian account holder […]
Continue ReadingBlockchain tech can bring the trust and transparency that are essential during a crisis, especially a global one. The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, […]
Continue Reading
The Cardano Foundation looks forward to strengthening South Africa’s blockchain awareness. The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa. According to the official announcement, Cardano will use blockchain technology to boost socio-economic […]
Continue Reading
Sentencing for the co-founder of major alleged crypto scam OneCoin has been postponed for a further three months at the request of the U.S. government. Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of the United States government. On April 7, the […]
Continue Reading
Multi-billion dollar companies are more likely to use blockchain for traceability than for payments, according to a new analysis. Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published […]
Continue Reading