The consolidated class-action lawsuit against the Tezos Foundation appears likely to end in a $25M settlement which might forestall further SEC action. The Tezos (XTZ) class-action lawsuit from law firm Block & Leviton will likely conclude in a $25-million settlement on August 27. Tezos, like many initial coin offerings (ICO) from 2017, has come under […]
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Most believe that the FCA’s latest efforts to monitor the U.K.’s crypto ecosystem are a step in the right direction. Recently, the United Kingdom’s Financial Conduct Authority released a detailed statement urging all local crypto business operators to register with the government watchdog by June 30. As part of the document, the regulator has made […]
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Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space. Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising […]
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A DeFi lending platform for cryptocurrency, Kava Labs, could be described as the “Uber of Bitcoin,” as the platform represents an Uber-like business model. Today’s most successful entrepreneurs tapped into their wealth through startup technology companies such as Amazon, Oracle, Facebook and Microsoft. Just ask Jeff Bezos, Larry Ellison, Mark Zuckerberg and Bill Gates, who […]
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Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart. On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange. […]
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Hyundai embraces the blockchain and crypto industry with three trademark registrations. Hyundai is reportedly looking to launch a blockchain ecosystem through its Europe-based subsidiary, Hdac, and IT arm, Hyundai BS&C, after registering three business trademarks with the Korea Intellectual Property Office. According to Chosun, a local media outlet, Hyundai BS&C’s CEO Chung Dae-sun applied to […]
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Blockstream’s Liquid sidechain suffered a security incident where 870 BTC were briefly available to the company’s emergency recovery multisig contract. A malfunction in Blockstream’s Liquid bridge for Bitcoin (BTC) resulted in a Blockstream-owned 2-of-3 multisig contract briefly controlling over 870 BTC, worth $8 million. This was discovered on June 26 by James Prestwich, founder of […]
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LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020. The P2P platform has seen a decline of over 70% in transactions […]
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Top crypto exchange Binance has lost a domain name dispute with an Australian florist over the website binance.com.au. Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the […]
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The Bitcoin blockchain network recently saw its biggest mining difficulty adjustment in more than two years. Yet, the sentiment remains positive. The Bitcoin blockchain network experienced its biggest mining difficulty adjustment in over two years on June 17. Surprisingly, the hash rate of Bitcoin has not dropped off by a large margin. The response of […]
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