Sen. Lummis proposes US government purchase 5% of total Bitcoin supply

An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto, CNBC reports August 15. Plaintiff Michael Terpin has reportedly filed a 69-page complaint with the U.S. District Court in Los Angeles against his erstwhile telecoms provider, alleging that…

A Bloomberg article was republished by its Chinese subsidiary using the title “Zhao Changpeng’s Ponzi Scheme.” 274 Total views 27 Total shares Binance chief executive Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.On July 25, the Binance CEO, known by the crypto community as “CZ,” sued Bloomberg Businessweek’s Hong…

Hong Kong lays out the red carpet for crypto exchanges While some jurisdictions (cough: America) have adopted a regulation-by-enforcement approach toward crypto, others are doing the opposite. According to a June 15 report from The Financial Times, the Hong Kong Monetary Authority is pressuring major financial institutions to accept crypto clients. But it’s not just…

In this week’s newsletter, find out why a nonfungible token (NFT) collector paid $192,000 for a free NFT. Check out how community members responded as Reddit deployed its contract for its Gen 3 NFT avatars, and how a previously unreleased David Bowie track has been turned into an NFT. In other news, discover how LooksRare…

The gaming giant released blockchain-based Rabbids tokens that will gather funds for UNICEF. 605 Total views 36 Total shares On June 17, Gaming giant Ubisoft released a series of blockchain-based digital collectibles for the popular gaming and television franchise, Rabbids. Money raised through the sale of these collectables will go to support the United Nations…

According to an early Bitcoin dev, Satoshi prepared several versions of GPU mining code to defend Bitcoin against a 51% attack. 1318 Total views 92 Total shares Satoshi Nakamoto had pre-invented Bitcoin (BTC) GPU mining in order to defend the network, says early Bitcoin developer who worked with the Bitcoin creator in 2010.Laszlo Hanyecz, who…

Kraken has inked a partnership deal with Williams Racing marking the first major return to F1 for crypto this year. 354 Total views 39 Total shares Own this piece of history Collect this article as an NFTFormula 1 teams could be warming to crypto advertising again despite a crypto sponsorship exodus in the wake of…

Custodia Bank said it partnered with Vantage Bank to tokenize US dollar demand deposits and issue them on Ethereum. The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US dollar demand