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Compass sued Dynamics last June for its failure to provide services and for withholding clients' machines. The broker had lent Dynamics $1 million to build two bitcoin mining sites, on top of paying $650,000 in hosting fees and deposits. Dynamics claimed that Compass failed to pay $861,000 in hosting and
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Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions “constituted unregistered sales of securities” and therefore must be rescinded. ‘A Sham Transaction’ A demand
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The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK.The blockchain security company told Cryptox its expectations for the year ahead regarding bad actors in the space, saying:“We saw a large
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Starting on Tuesday, Midas disabled deposits and swaps, as well as withdrawals for some time while it makes cautions and balance adjustments. Its target is to deduct 55% from user balances held in bitcoin, ether and stablecoins, with the adjustment being compensated for in MIDAS tokens which can be swapped
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Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland has pointed to several “green shoots” to break the surface in crypto in 2023. In a 14-page “Year in Review” report released on Dec. 24, Goulden said he
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NFT-friendly Japanese gaming giant Square Enix has invested 7 billion yen ($52.7 million) into game developer Gumi to create “high-quality” mobile games, blockchain games and a Metaverse initiative, among other things.Gumi mobile games: GumiAccording to a translation of the press release, the partnership will help Gumi tap certain intellectual property from
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Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from
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The case, filed in U.S. federal court in the Northern District of Illinois on Dec. 17, centers around an allegation that Blockware sold Faes & Co. 50 mining rigs for $525,000. But, Faes said in the lawsuit, “Blockware did not actually own or operate a facility to host the miners
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“We believe very strongly in the protection of our intellectual property and corporate assets,” Nate Nesbitt, Head of Communications at Mythical told CoinDesk. “In this instance, it was necessary to take these steps to rectify this situation and protect the company’s corporate interest, as is our duty to our employees
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A few weeks after leaving Mythical Games, the Trio launched their new publishing platform for Blockchain games called the Fenix Games. They also claimed to have raised capital from Cypher and Phoenix Group for their new venture.Crypto gaming unicorn Mythical Games, which is also backed by Andreessen Horowitz, has filed
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