In an ongoing lawsuit filed by Craig Wright, self-proclaimed inventor of Bitcoin, attorneys for the 12 Bitcoin Core developers targeted by Wright filed a preliminary issue application with the UK High Court. The filing purports to dismantle many of the plaintiff’s claims, the Bitcoin Legal Defense Fund said in a statement on Monday. Wright claims to own 111,000 Bitcoin that…
Month: August 2023
Crypto miner Hive Digital CEO sees AI working in unison with blockchain
Crypto mining firm Hive Blockchain sent a signal to the tech industry when it dropped “blockchain” from its namesake in July, opting to call itself Hive Digital Technologies and reflect its artificial intelligence foray. The decision is part of a wider movement from crypto miners to pivot outside of digital currency mining, amid depressed crypto prices. January saw crypto mining…
K-Pop Titans Blackpink Launch Roblox Metaverse Experience
South Korean pop titans Blackpink are coming to Roblox. The band made history this year as the first K-pop group to headline Coachella, and now the four-piece is heading to the metaverse via a dedicated Roblox fan hub. The experience will be a permanent addition to the virtual online game, giving fans (aka Blinks) an interactive space to celebrate Blackpink’s…
Gaming Influencers FaZe Banks, Nadeshot Among Friend.tech’s Top Earners
Prominent esports influencers Ricky “FaZe Banks” Bengston, Nordan “FaZe Rain” Shat, and 100 Thieves CEO Matthew “Nadeshot” Haag are among the top passive earners on new crypto platform Friend.tech, having gained over $73,000, $19,000, and $27,000 in passive income, respectively, since registering for its closed beta. Friend.tech is a “social finance” browser-based application on the Base network—a new Ethereum scaling…
Friend.tech Founders Say Viral Crypto App Is Surprising Them Too: ‘We Want to Catch Our Breath’
Friend.tech, the new decentralized social media platform from the makers of Stealcam, has already, in its mere two weeks of existence, seen an extraordinary run. Now its developers tell Decrypt that they’re planning various fixes and features—after they catch their breath. The app, which is built on Coinbase’s Base scaling network for Ethereum and lets users buy and sell “keys”…
Friend.tech Is Crypto’s Latest Obsession—But Critics Say It Won’t End Well
Decentralized social media app Friend.tech has exploded in popularity. Part crypto trading, part Rally, with wisps of Klout and Empire Avenue mixed in, the former Stealcam is now the third biggest cryptocurrency protocol just ten days after launching. Long enough for may to be asking, how long will it last? The Twitter-linked crypto app, which lets users buy and sell…
Friend.tech Is Crypto’s Latest Obsession—But Critics Say This ‘Ponzi’ Won’t End Well
Decentralized social media app Friend.tech has exploded in popularity. Part crypto trading, part Rally, with wisps of Klout and Empire Avenue mixed in, the former Stealcam is now the third biggest cryptocurrency protocol just ten days after launching. Long enough for may to be asking, how long will it last? The Twitter-linked crypto app, which lets users buy and sell…
Sam Bankman-Fried will get one day in court to meet with lawyers
A federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours. In an Aug. 21 filing in United States District Court for the Southern District of New York, Judge Lewis Kaplan ruled that Sam Bankman-Fried, who also goes by SBF,…
Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbaseand Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin (USDC) stablecoin and have until now governed the token through the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone entity,” the blog past said, and governance and operations will…
Coinbase Buys Stake in Circle, Dissolving USDC Issuer Centre
Centre Consortium, which issues second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority share in Circle Internet Financial, according to a blog post from the company. “Centre will no longer exist as a stand-alone entity and Circle will remain as the issuer of USDC, bringing any Centre governance and operations responsibilities in-house,” Circle CEO Jeremy Allaire and Coinbase…