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A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred. The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to get back the C$ 62,500 she sent using
The post Bitcoin ATM Firm Not Liable for Scam Victim’s Losses: Canadian Judge appeared first on CCN
Steve Wozniak, the tech entrepreneur best known as the co-founder of Apple, has joined EQUI Global, a venture capital fund built using blockchain technology, as a co-founder. In a Medium post published by the company, Wozniak said that he will scout for technology companies to find the “tech stars” of the future. He also said that
The post Apple Pioneer Steve Wozniak Has Co-Founded a Blockchain Investment Firm appeared first on CCN
A woman suing for 62,500 Canadian dollars ($ 48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.
Also read: Funny New Advert Shows Bitcoin Is on Google’s Mind
“It’s most unfortunate that she was victim of such a sophisticated fraud,” judge Orr is quoted as saying, when she handed down her decision. However, she added that “It’s up to the bitcoin purchaser to know what they’re doing.”
Yorkshire-based championship football team Hull City may be about to change hands as international bidders make their interest known in what is being referred to as a takeover in the UK media. Last weekend Paul Duffen, former chairman of Hull City AFC, announced his intention to buy the club with the backing of Saudi Arabian
The post Crypto Firm Prepares £45 Million Bid on Hull City Football Club appeared first on CCN
The Supreme Court of British Columbia has issued a major ruling in a case stemming from a dispute over ethereum (ETH) tokens mistakenly sent to an initial coin offering (ICO) investor, and it could have implications for cryptocurrency users or exchanges outside of the litigants involved in the case. The ruling, which was issued by
The post Court Authorizes Cryptocurrency Firm to Reclaim 530 ETH Sent to Wrong Address appeared first on CCN
Goldman Sachs-backed Circle announced this week that it will be acquiring SeedInvest, an equity crowdfunding industry leader and an SEC and FINRA registered broker-dealer, for an undisclosed amount. NEWS: we're thrilled to announce the acquisition of @seedinvest. Welcome to the @circlepay family @ryanfeit and Team! https://t.co/fLtS3fhtNO — Circle (@circlepay) October 5, 2018 According to the announcement, Circle acquired […]
SludgeFeed
It was announced today that three new collections of index were launched for digital currencies, according to Circle Invest.
Senior Vice President at Circle Divya Agarwalla, posted on the companies blog that ‘buy market feature’ was very successful and that more than 30%of our users were taking advantage of it according to CCN. Circle released this feature in May in order for customers to purchase cap-weighted positions in the asset listed on the platform.
Continue reading Huge US Banking Firm Launch Bitcoin Collections at Crypto Daily™.
MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law Firm
The post John McAfee-Linked Bitcoin Mining Firm Hit with Lawsuit over Pump-and-Dump Scheme appeared first on CCN
Korea Investment Partners (KIP), the leading South Korean venture capital firm with 20 private equity funds and successful investments in over 500 companies, has made its first cryptocurrency investment in TEMCO, a Korean startup building a blockchain solution for supply chain management. According to the announcement, TEMCO aims to reinvent the supply chain process by leveraging […]
SludgeFeed
A lobbying firm in America’s political capital that has been hired by cryptocurrency firms including Ripple will now get a certain portion of its fee paid in XRP. The Washington, D.C.-based Klein/Johnson Group has been contracted by the San Francisco-based Ripple and several other firms in the cryptocurrency sector and will be paid for its
The post Ripple-Hired Lobbying Firm Will Get Paid [Partially] in Cryptocurrency appeared first on CCN
Japanese tech firm GMO is expanding its nascent cryptocurrency mining operation beyond bitcoin through the release of a software client designed to mine zcash and other Equihash-based cryptocurrencies using general-purpose GPU chips. Japanese Firm Releases Zcash Mining Software Dubbed Cryptoknocker, the software has specifically been developed for mining rigs composed of Nvidia graphics cards (GeForce
The post Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software appeared first on CCN
The price of Bitcoin may have come tumbling down this year, but the world’s largest crypto mining hardware manufacturer has continued to rake in the big bucks. Bitmain released its financial results revealing that it had generated $ 2.8 billion in revenue in the six months ending June this year. The firm which has a stranglehold on the crypto mining industry with a 75 percent market share disclosed the financial results in accordance with requirements by the Hong Kong Stock Exchange where it plans to list.
The post Mineral processing firm 911 Metallurgist releases infograph about cryptojacking appeared first on CoinReport.
The post New global finance platform to offer small firm loans of up to €1m in as little as 24 hrs. appeared first on CoinReport.
ICON, South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK, to possibly utilize blockchain technology and crypto in compensating users of its mileage system. SK Planet, a subsidiary of SK that signed a memorandum of understanding (MoU) with ICON, operates the most widely utilized mileage system in the country
The post Blockchain for 35 Million Users: Korea’s Biggest Insurance Firm SK Partners With ICON appeared first on CCN
Bitfury has announced the release of a new Application-Specific Integrated Circuit (ASIC) chip, as well as a new generation of its Bitcoin mining hardware. The Bitcoin mining firm plans to integrate its new offerings across many of its data centers around the globe.
The company announced the launch in a blog post published on September 19th. According to the announcement, Bitfury is releasing a new ASIC chip as part of a new catalog of BTC mining hardware.
Commenting on the launch, Bitfury CEO Valery Vavilov said:
Cryptic Labs, a commercial blockchain research lab has announced the addition of two Economics Nobel Prize winners to its team. Dr. Eric S. Maskin and Sir Christopher Pissarides will provide their unique insights on incentive mechanisms, game theory and macro-economic policies to its Economics Advisory Board. Research Portfolios and New Roles Dr. Maskin, the Adams
The post Crypto Firm Adds Two Nobel Winning Economists to Advisory Board appeared first on CCN
Bitcoin (CRYPTO: BTC) will rise to $ 8,500 in December, according to fintech research firm Trefis in a Sept. 13 statement. BTC is currently at $ 6,500 and has seen modest gains the last couple of days. Trefis analysts brushed aside the recent price slump and said in their Forbes article that “there should be a steady recovery in the number of unique users as well as transaction volumes on the Bitcoin network over coming months – helping … prices reach around $ 8,500 by the end of the year.”
A top lawyer at cryptocurrency startup Ripple has left the company, a spokesperson confirmed to CCN on Friday. Brynly Llyr, who joined the San Francisco-based blockchain company in Nov. 2016 as the firm’s general counsel and has served in that role in the nearly two years since, is no longer with the organization. Llyr’s departure
The post Ripple General Counsel Departs Cryptocurrency Firm Amid Class-Action Dispute over XRP appeared first on CCN
Blockchain and cryptocurrencies are considered game-changers in the finance world despite Wall Street’s caution. And when it comes to private equity (PE), an early innovator could enjoy first-mover advantage.
Global private equity deals are valued at $ 150 trillion USD. But barriers and inefficiencies have prevented more people from participating in PE deal flow. These hurdles include minimum investment size, regionalism, a culture of exclusivity, non-liquidity of funds as well as long and uncertain exits.
Continue reading Blockchain Firm Aranium Aims to Disrupt Private Equity Investing at Crypto Daily™.
