A bitter legal battle has erupted with 27 early employees of ConsenSys AG accusing founder Joseph Lubin of robbing them of potentially billions in equity when he relocated the company to the US. Keypoints 27 early employees of ConsenSys AG in Switzerland filed a lawsuit against founder Joseph Lubin in New York. They allege Lubin […]
Pepe Coin Price Uptick: Are Meme Coins Back?
Sentiment in the crypto market has turned bullish, with meme coin Pepe Coin (PEPE) riding the wave for nearly a 6% pump in price. Yet as PEPE sees flickers of its former glory days return, a new meme coin presale MK looms as competition. Keypoints The price of Pepe Coin (PEPE) has pumped nearly 6% […]
The Final Cycle? Will The Coming Crypto Bull Run Be The Last?
The monumental 2021 crypto bull run produced stunning windfalls and ushered in an influx of mainstream interest. But by all metrics, it will pale in comparison to the next cycle poised to shake up global finance. Will the next Bull run be the final chance for huge gains before crypto is tamed? Keypoints Bitcoin’s current […]
Amid Rising Bitcoin ETF Hopes, Critics Warn of Vulnerability and Echoes of Precious Metal Manipulation
In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn’t universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors to manipulative practices reminiscent of those alleged in precious […]
Joseph Lubin, Consensys sued by early employees over 2020 restructuring
Ethereum (ETH) co-founder and Consensys CEO Joseph Lubin faces a lawsuit from 27 early employees who allege Lubin broke contractual agreements regarding equity shares. According to the lawsuit, filed in the New York Supreme Court, Lubin promised employees “hub equity” in ConsenSys (as it was styled at the time), meaning shares in the central ConsenSys entity […]
Bitcoin Price: Faces Key Weekly Close as Traders Eye Potential Rally to $50K+
The price of Bitcoin tapped highs above $30,000 this week before settling around $29,500 at the time of writing. Traders are closely watching the weekly candle close to determine the staying power of the recent rally. Keypoints Bitcoin price tapped $30,000 on October 20 before pulling back below $29,500. Traders are focused on the weekly […]
Sam Bankman-Fried asked FTX attorney to ‘come up’ with legal argument for $8B hole
According to former FTX general counsel Can Sun, Bankman-Fried “was not surprised at all” that billions of dollars were missing. Sam Bankman-Fried instructed FTX’s former general counsel Can Sun to “come up” with any legal explanation for the $8 billion hole in Alameda Research’s books, according to Sun’s testimony in court on Oct. 19. Sun […]
IBM’s new AI chip offers 22X speedup with ‘mind-blowing’ energy efficiency
The team’s already years into work on the next version of the potentially revolutionary NorthPole hardware. IBM recently debuted a new prototype artificial intelligence (AI) chip purported to be both faster and far more energy efficient than any chip currently available. According to research published in Science Magazine on Oct. 19, the new chip, dubbed […]
Binance shutting down European Visa debit card in December
Mastercard ended its partnership in Latin America and Bahrain with Binance in September, possibly due to the regulatory environment. Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected. According to a […]
MultiversX Launches Strategic Partnership With Google Cloud to Further AI and Big Data Ambitions in the Web3 World
PRESS RELEASE. After outlining a comprehensive strategy to spearhead the development of blockchain-powered tools and Web3 solutions that leverage and extend the reach of emerging AI technologies, MultiversX, the leading layer-1 smart contract platform, has announced a strategic partnership with Google Cloud, the global public cloud leader, renowned for exceptional artificial intelligence capabilities, and data […]