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Bitcoin miner Layer1 Technologies has been dragged into a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.In a complaint filed in the District Court in the Western District of Texas Pecos Division, the plaintiff, Jakov Dolic, sets out that
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Bitcoin’s hashrate is soaring. Ethereum incubator ConsenSys has signed on to another CBDC pilot. JPMorgan unveiled a revamped interbank transfer blockchain network that could challenge SWIFT.Top shelfLower profitsBitcoin mining profitability is at all-time lows in 2020, spurred in part by new ASIC mining machinery driving up the network’s hashrate. While bitcoin‘s hashrate
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It’s no secret Latin America’s economy is not in great shape compared to other regions.There isn’t any single reason for this. You could point to a dependence on commodity exports and its booms and bust cycles, government corruption, income inequality or a combination of them all. Diego Gutiérrez Zaldívar is the
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The internet has evolved significantly since its inception, spawning the creation of global protocols, frameworks, and new classifications of developers. This has resulted in centralization difficulties, unnecessary complexities, and diminished quality standards loaded with vulnerabilities. The Nexus Tritium, Amine, and Obsidian (TAO) Framework will uproot these historic flaws by recomposing
Read MoreNew Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ Distributed Ledger Technology.The ‘Power Dollar’ is not government backed however and is more akin to a stablecoin
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Invest: ethereum economy, a full day of conversation, workshopping and networking around the future of money, is streaming live today until 6:30 p.m. ET.Today’s special edition of Blockchain Bites is covering all the news you need to know from invest, as well as the Top Shelf (down below) crypto news from elsewhere in the
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In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”Buterin took the opportunity while speaking at the opening keynote of CryptoX’s invest:
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The report stated that Facebook sustains its monopoly position by identifying and acquiring its competitors.The U.S. Judiciary antitrust committee said in a report that Facebook Inc (NASDAQ: FB) and other 3 tech giants enjoy monopoly powers. The report highlighted certain recommendations, specifying that Facebook watches out for competitors to kill
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Welcome to Opinionated, a new podcast featuring CryptoX’s leading columnists and contributors. I’m your host, Ben Schiller, CryptoX’s opinion editor. On this week’s show, we’re joined by Nic Carter, cofounder of Coin Metrics and partner at Castle Island Ventures. Nic discusses this year’s $20 billion surge in USD-backed stablecoins (what
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Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners. Source
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