The race for blockchain adoption is on in South Korea. South Korea’s well-known chat application, Kakao, bolsters its presence in blockchain and crypto with its partnership with a non-fungible token-powered trading platform and its new crypto wallet Klip. According to Hanguk Kyungjae, the trading company Angel League will receive support from Kakao’s Klip platform for […]
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Bitmain announces three-month Antminer order delays, citing “external interference on company operation.” Bitmain, the world’s largest Bitcoin (BTC) mining hardware company, is postponing its product orders amid ongoing internal conflicts. As officially announced on Aug. 6, Bitmain will be delaying their June and July 2020 Antminer orders by at least two or three months due […]
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Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun. Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed […]
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At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies. A Reuters report published on […]
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Longfin, a blockchain-related firm that conducted a $27 million IPO in 2017, has been ordered to repay $223 million to investors. A Manhattan federal judge has ruled that Longfin — a now defunct firm whose shares surged 1000% in 2017 after it bought an undervalued crypto company — must repay $223 million plus interest to […]
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Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent. European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of […]
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This week has seen some major breakthroughs in disguise, reminding us of how regulation doesn’t all happen at once. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Policy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry […]
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A class-action lawsuit seeks to prevent e-scooter firm Helbiz from destroying the smart contract underpinning its ERC-20 token. Helbiz Inc is facing a class-action lawsuit from investors for its plan to destroy the smart contract underpinning its ERC-20 token, HelbizCoin (HBZ). The electric scooter company initially claimed to have raised almost $40 million dollars for […]
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Preparations for a Coinbase Initial Public Offering are in full swing, sources report. Coinbase, Inc. is reportedly preparing for a U.S. stock market listing that could come this year, according to Reuters reporting. According to Reuters sources, preparations for a listing are underway but still need the green light from the Securities and Exchange Commission. […]
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An overview of the first two days of the Unitize virtual blockchain conference where top crypto and blockchain experts offered their views on topical issues in the industry. The first two days of Unitize, the virtual conference organized by BlockShow and San Francisco Blockchain Week, have come and gone with speakers from various sectors of […]
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