Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of its “Jack” mascot. According to federal court documents filed in the Southern District of California on Nov. 3, Jack in the Box’s legal teamis requesting a jury trial, claiming FTX US Moon Man character Lou…
Sweden’s financial supervisory authority, Finansinspektionen, has called for a ban on crypto mining, calling cryptocurrencies a threat to the climate. Cryptocurrency mining requires immense amounts of electricity, and as a result, some crypto miners have pivoted to renewable energy sources amid growing criticism. Crucially, however, that poses an additional problem for Sweden. “Sweden needs the renewable energy targeted by crypto…
In brief Mixi, a prominent Japanese mobile game and app publisher, plans to create NFT-centric experiences on the Flow blockchain. The firms biggest mobile game, Monster Strike, has grossed $9 billion and amassed 55 million total players to date. Mixi, a leading Japanese mobile game and app publisher, announced today that it will launch blockchain-powered games and NFT-driven experiences on…
Jane Castor, the mayor of Tampa Bay, Florida, has announced that she will begin accepting her paycheck in Bitcoin (BTC), according to multiple sources who attended Floridas Bitcoin & Blockchain Summit. Castor made the announcement Friday morning on day two of the Summit, which is being held at Amalie Arena in downtown Tampa. According to people who attended the event,…
Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week. As confirmedby on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days. Whale coins find a new home A familiar event but with curious timing large-volume holders are “dumping” BTC on…
As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 billion today. More Than 400,000…
Cointelegraph team members and leadership joined major media companies and tech figures this week at the three-day Web Summit 2021 in Lisbon. The issues surrounding social media giant Facebook were the focus for many at the largest tech conference in the world. The company has been the subject of intense media scrutiny following the release of internal documents by whistleblower…
The stablecoin market has been growing exponentially from only $21.5 billion in mid-October of last year to $130 billion at the start of November; a six-fold increase so it was only reasonable to expect that the United States government would have to come to grips with these digital assets that are designed to maintain a stable value relative to a…
It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly from $3.79 million to around $777,680 in the same period. Phoenix Global (PHB) price…
THORChain hasnt had an easy year. After three exploits in the space of a month during the summer the protocols native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late July. Billed as a way to exchange crypto assets across different blockchains without an intermediary, the protocol disabled…
