Block.one ICO damages ‘far beyond’ $22M, ENF founder says
The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose.On July 25, La Rose officially announced that ENF is preparing a l ...
Why is Polygon (MATIC) price up today?
Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0.MATIC ...
Venture capital’s ICO gambits left Bitcoin ecosystem underfunded – Adam Back
Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between the lack ...
Ethereum Wallet Owner Moves 8,000 ETH Worth $14.8 Million After 8 Years
Owner of an Etherium wallet with 8,000 ETH sitting idle for eight years decided to move the funds. "Keith moved the cryptocurrency to a new, newly created address. The 8,000 ETH is now valued at $14.8 million. Coins were lying on this wallet from the ICO of Etherium, whic ...
SEC Fines Coinme and Up Global for Misleading Investors in UpToken ICO
The U.S. Securities and Exchange Commission (SEC) fined two companies at once, Coinme and Up Global, in the case of the initial coin offering of the cryptocurrency asset UpToken. Commission claims Coinme and Up Global misled investors during 2017 ICO. Regulator insists: C ...
Skybridge Capital Founder Anthony Scaramucci Believes Restart of FTX Cryptocurrency Exchange Unlikely
According to Anthony Scaramucci, the founder of Skybridge Capital, there's little hope of FTX cryptocurrency exchange restarting. Skybridge Capital had experienced substantial losses on the exchange, but Scaramucci doesn't believe that restarting it will recoup the funds. "I don't see how FTX ...
Founder of Titanium Blockchain Crypto Scam Receives 4-Year Prison Sentence
A founder of a fraudulent cryptocurrency project called Titanium Blockchain has been sentenced to 4 years in prison by a US court after his clients lost $21 million. Michael Stolleri launched the Titanium Blockchain Infrastructure Services (TBIS) project in 2017 and conducted an initial coin offe ...