Jakov Dolic, co-founder of the U.S.-based Bitcoin (BTC) mining company Layer1, has filed a lawsuit against his former business partner, Alexander Liegl. According to court documents filed on October 30, Dolic claimed that Liegl had ultimately failed to raise funds for the company. As a result, Dolic said that he had to pay $16.24 million
Month: November 2020
Governance, it is often said, is one of the most important issues in the crypto industry. But whether democracy makes blockchain products better or just devolves into fights over wealth remains an open question. One relevant test case just closed on Uniswap, though, offering a glimpse of what may be more akin to election-season stumping
Lawyers representing investors for BProtocol Foundation, the parent company of decentralized liquidity network Bancor, are asking for the case against the blockchain firm to be tried in the United States. According to court records filed Nov. 2 in the U.S. Southern District of New York, lawyers for Timothy C. Holsworth, the lead plaintiff in the
Maintain your employer brand in a pandemic Read the VentureBeat Jobs guide to employer branding Download eBook As a California voter, I know state propositions can be confusing. Despite good intentions, if you don’t read carefully and do your research, you can make decisions you come to regret, and a great example of this is
WhatsApp is rolling out a redesigned storage management tool to remove junk messages. This tool was spotted online earlier this year. The new storage management tool helps WhatsApp users easily identify, review, and bulk delete content to free up storage capacity on their phones. The tool also makes it easier to spot and delete unnecessary
A week after the US government issued an advisory about a “global intelligence gathering mission” operated by North Korean state-sponsored hackers, new findings have emerged about the threat group’s spyware capabilities. The APT — dubbed “Kimsuky” (aka Black Banshee or Thallium) and believed to be active as early as 2012 — has been now linked
Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together crypto exchanges, blockchain intelligence firms
Bitcoin’s mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012, dropping by just over 16% and giving miners a reason to celebrate as their profitability is set to increase significantly. Difficulty dropped to 16.787 trillion at around 09:00 UTC on Tuesday, its lowest level since June,
Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations’ drugs and crime agency. David Robinson, the regional anti-corruption advisor at the UN’s Office on Drugs and Crime, believes that new technologies like blockchain will help Kenya combat government corruption and other economic
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week
With the digital currency revolution continuing to gather pace, the debate between advocates of proof-of-work and newer agreement algorithms rages on. Beyond the rhetoric, the evolution of the consensus approach continues to make steady progress that, due to design limitations, transactionally-focused proof-of-work networks find it difficult to match. As the only enterprise blockchain company today
Among Us developers InnerSloth have released a patch for the game that adds options for anonymous voting, among other things. The new features are available in an update that has rolled out for Android, iOS, and PCs via Steam. Other features introduced in the update include added task bar modes, new symbols for the fix
Microsoft said on Tuesday it has linked up with Ant Group-backed Indonesian startup Bukalapak and will invest in the e-commerce platform. Under the deal, Bukalapak will adopt Microsoft’s cloud platform Azure and provide digital skills training for Bukalapak employees and their merchants, Microsoft said in a blog post. The partnership will result in cloud support
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Tech executives, rich from an 11-year bull market that’s disproportionately benefited their industry, were among the top political donors in the 2020 cycle. The
Huawei Nova 8 SE will be launched on November 5, the company has revealed. According to an official poster shared on Weibo, the smartphone will come equipped with a quad rear camera setup. This matches previous rumours. A tweet also sheds light on the handset’s key specifications. According to the tweet, the smartphone will come
How startups are scaling communication The pandemic is making startups take a close look at ramping up their communication solutions. Learn how Intel today announced it will acquire SigOpt, a San Francisco-based startup developing a platform to optimize AI software models. Terms of the deal, which is expected to close this quarter, weren’t disclosed, but
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