The UK’s High Court has ruled that Dr. Craig Wright, the man who claims to have invented Bitcoin, put forward false evidence as part of his latest defamation court battle, and awarded him only £1 ($1.23) in damages as a result. Judge Martin Chamberlain wrote in his judgment that Wright’s original case, against podcaster Peter McCormack, had been “deliberately false.”…
Bitcoin (BTC) tested $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average gets big attention Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls and bears battled for control amid a tight trading range. Bitcoin had inspired with its highest weekly close…
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months. Euro-Pegged Stablecoins…
Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data. MATIC/USD on FTX. Source: TradingView According to Cointelegraph, Polygon rallied after being selected for the Walt…
FC Barcelona, one of Europe’s most prestigious football clubs, announced a multi-million euro partnership with Socios.com, the blockchain-based sports fan engagement platform. Socios.com’s owner and technology provider, Chiliz, will invest €100 million (~$102 million) to acquire nearly a quarter of Barça Studios, which manages the club’s audiovisual productions and digital business offerings. The investment comes after Socios.com began collaborating with…
This is an opinion editorial by Samson Mow, CEO of JAN3 and former CSO of Blockstream. The first major “civil war” in Bitcoin, which would decide the fate of the protocol, took place mainly between 2015 and 2017 and is referred to as the “Blocksize War” or sometimes the “Scaling Debate.” As Bitcoin became more popular and the blocks filled…
Binance cryptocurrency exchange is moving towards decentralized identity tools by launching its first-ever token designed to certify verified user status on the platform. Binance on Monday announced the launch of the Binance Account Bound (BAB) token, aiming to address identity issues in the decentralized society (DeSoc). In contrast to traditional crypto assets like Bitcoin (BTC), the BAB token is exclusively…
The British Financial Conduct Authority (FCA) demands clearer and more prominent risk warnings from the companies marketing high-risk investments. Certain investment incentives, such as refer a friend bonus, will be banned altogether. In a note published on Aug. 1, the FCA has finalized stronger rules to “help tackle misleading adverts that encourage investing in high-risk products.” The regulator’s attempt to reduce…
New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower. In a Monday notice, James called on New York-based crypto users who have been locked out of accounts at exchanges or lending platforms, unable to access funds,…
On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. Social Leverage Acquisition Corp I is listed on the New York Stock Exchange, has $345 million in trust and has received commitments from AMD, ConsenSys, SK…
