American cryptocurrency investor and entrepreneur Michael Terpin is suing telecommunications giant AT&T for a sum of $224 million. Terpin has accused the telecom company of fraud as well as gross negligence because of which he lost $24 million worth of cryptocurrency.
A new code is being released that will help users nullify the ASIC hardware created by Bitmain to mine the decentralized storage platform Siacoin. According to an email sent by Obelisk, a startup that is offering alternative mining hardware to Bitmain’s ASICs, this new coding would allow users of Siacoin’s software to make the Bitmain miners incompatible with their machines.
Last week, the Nebulas project, powered by the global top 100 crypto NAS, made a quiet announcement that its founding team would voluntarily wait for 10 years before the get the tokens they will earn for all the work they have done for this project.
Coin Center, which is basically a blockchain advocacy group, has long iterated its belief that some digital assents look exactly like securities by law. With that, it suggests that cryptocurrencies must be regulated as such.
The World Bank is preparing for the first ever Blockchain bond and has mandated that the Commonwealth Bank of Australia (CommBank), one of the “Big Four” banks in Australia, manage it.
Danish transport and logistics major Maersk and American technology giant IBM announced that they have launched their global trading Blockchain-based platform. This new supply-chain platform is called TradeLens and is focused on increasing efficiencies in the shipping industry.
This week, the cryptocurrency market has seen a massive decline, losing billions of dollars in value as the price of cryptos across the board continue to plummet. Thanks to this freefall, the total market capitalization for the entire crypto market hit its lowest for this year.