Veritaseum is demanding $350 million from Coinbase. The Federal court in Delaware received the case filing. According to Reuters, Veritaseum Capital LLC is suing Coinbase for patent infringement related to its cryptocurrency transfer system. According to the complaint, a number of Coinbase services violate earlier blockchain patents. In 2019, Veritaseum’s
September 24, 2022 1 min read
Former Obama campaign manager and senior advisor David Plouffe is now onboard. The board is chaired by the former senator and ambassador to China, Max Baucus. Binance, the largest cryptocurrency exchange in terms of trading volume, has formed a Global Advisory Board comprised of industry leaders who will provide counsel
September 23, 2022 2 mins read
As a means of decreasing supply, the LUNC plans to use the Tax Burn strategy. The approved plan will take effect at the block height of 9,475,200. Perhaps the worst cryptocurrency crash ever occurred in May 2022, when the Terra-collapse LUNC occurred. Along with LUNC, Terra’s another native token, USTC,
September 23, 2022 2 mins read
The network’s capacity is over 710k transactions per second. The network has processed more than 100,060,740,298 transactions. Since its introduction in April 2019, Solana has made substantial strides in the DeFi, NFT, and Web3 sectors. Currently, hundreds of projects are being worked on at Solana, and that number is expected
September 23, 2022 1 min read
At the time of Voyager’s financial difficulties, SBF offered assistance. FTX announced earlier that it will purchase a 30% stake in SkyBridge Capital. This year, Sam Bankman-(SBF) Fried’s FTX has emerged as a leading exchange. The exchange seems to have stepped it up a notch with this round of investment
September 22, 2022 1 min read
The exchange’s COO, Dave Ripley, has been promoted to CEO, replacing Powell. Kraken was established in 2011 and has its headquarters in San Francisco. According to the company, Jesse Powell, co-founder and CEO of cryptocurrency exchange Kraken, has left his position. Moreover, the exchange’s COO, Dave Ripley, has been promoted
September 22, 2022 2 mins read
Katherine Polk Failla is the judge who presided over the case. The Tether exchange’s Bitfinex, Bittrex, and Poloniex account information was also requested. Legal action was taken against the Tether (USDT) network because of allegations that it artificially inflated the price of Bitcoin [BTC] by releasing USDT. There has been
September 21, 2022 1 min read
Blockdata, a research organization, analyzed the investments made by major firms in blockchain and cryptocurrency startups between September 2021 and mid-June 2022, and found that South Korean electronics giant Samsung was the most active, having invested in 13 companies during that time period. The second most active investor is United
September 19, 2022 1 min read
Palazzo Versace Dubai, a five-star hotel in Dubai, now accepts cryptocurrency payments for rooms, meals, and spa services. Payments made by Bitcoin, Ethereum, or Binance Coin (BNB) from guests will be handled via the Binance platform. Moreover, the 146-room, ultra-luxury resort in Jaddaf Waterfront announced in a press release that
September 19, 2022 2 mins read
FedEx’s performance in the first quarter fell short of expectations. Jamie Dimon, CEO of JPMorgan expressed similar concerns a few weeks back. FedEx CEO Raj Subramaniam predicted a worldwide economic downturn in an interview with CNBC’s Jim Cramer this past Thursday. This forecast follows Subramaniam’s disclosure that FedEx’s performance in
September 18, 2022 2 mins read
