An Australian-based law firm on behalf of its clients has slammed a multi-billion dollars lawsuit against major social media platforms, Facebook, Twitter, and Google for banning cryptocurrency-related ads on their platforms. The lawsuit could cost the tech and social media giants $300 billion, claiming that the crypto ads ban has negatively impacted the progress of … Read more
Verified Twitter accounts of World richest people Bill Gates, Elon Musk, Kanye West, Michael Bloomberg, Warren Buffett were hacked on Wednesday, July 15, 2020 Hackers tweeted that they were “giving back” 5000 BTC ($45,889,950) to their community The crypto address linked to the scam has allegedly received more than 11.3 BTC, or roughly $103,960 (N40,284,500) Hackers on Wednesday, … Read more
If the US Army have the way, one thing that makes cryptocurrency anonymous may be defeated. This is because they’ve requested information on web-based crypto tracking tools. The tools according to report, would enable the U.S. Department of Defense and the U.S. Army to conduct in-depth investigations into the source of crypto transactions and provide multi-currency … Read more
Amazon is adopting a blockchain technology which is Ethereum-based cloud platform called Kaleido for its Amazon Web Services, which will assist customers to do things faster. “Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves,” says Amazon Web Services. Kaleido is Ethereum-based, and Amazon’s newest technology which … Read more
Kenya’s Capital Markets Authority (CMA) is proposing the creation of a special unit to handle ICOs and cryptocurrency related issues. CMA Chief Executive Paul Muthaura said the unit would include all relevant regulators in the financial market in the country. This is found in Capital Market Soundness Report, “Staying the course in a Turbulent World of Increasing … Read more
Co-President of JPMorgan Chase Jerry Pinto knows that ‘cryptocurrencies are real, but he wants them really evolve to become a viable financial products. “Cryptocurrencies are real but not in the current form,” Pinto was quoted as saying by CoinTelegraph. The financial institution has been finding it hard to ignore the digital sector since bitcoin boom … Read more
Facebook banned cryptocurrency-related Ads, including Initial Coin Offering (ICO) on the social media platform on January 30, 2018. In May of the same year, we noticed ads by COTI, which is an enterprise-grade fintech platform that digitizes any currency to save time and money, binomo, and other ads by Qryptos Exchange, which is now known as Liquid … Read more
Two major payments partner of Coinbase, Visa and Worldpay have accepted responsibility for overcharging Coinbase customers. In one of our posts yesterday, we reported that Coinbase customers took to reddit and other social media channels to complain about huge charges they incurred buying cryptocurrency on Coinbase. Some of the customers concluded that the overcharges were … Read more
Credit card and cash processing giant Visa is rebuffing the allegation that it’s responsible for overcharging cryptocurrency traders on Coinbase. “Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting. We are also not aware of any other merchants who are experiencing this issue. “We are reaching out … Read more
Samsung, owner of one of the world’s largest semiconductor manufacturing plants, has started manufacturing ASIC chips for Bitcoin mining, reports say. The electronic giant had completed the development of its ASIC chips in 2017 and began mass production this month (January, 2018). Report says Samsung has been supplying its ASIC chips to a yet-to-be-named Chinese … Read more