Restaurant chain Jack in the Box has sued cryptocurrency exchange FTX alleging that the crypto company “brazenly and illegally copied or derived its ‘Moon Man’ mascot” from its own mascot. The lawsuit details that FTX’s refusal to stop using Moon Man has caused Jack in the Box “considerable economic damage and irreparable harm, including by devaluing the goodwill associated with Jack.” Jack in the Box Says FTX’s Moon Man Is an ‘Inferior Version of Jack’ One of America’s largest hamburger chains, Jack in the Box (JITB), has sued cryptocurrency exchange…
Day: November 7, 2021
What Bitcoin and Ether’s Options Tell Us About Their Maturity
Of course, we’re still in the early stages of the crypto derivatives market. One exchange, Deribit, has the lion’s share of both bitcoin and ether’s options trades. “It’s still nascent,” Luuk Strijers, the exchange’s chief commercial officer, told CoinDesk, adding his prediction that growth will be fast as the market is still maturing. Original
What is a directed acyclic graph in cryptocurrency? How does DAG work?
A simple guide to explain what a directed acyclic graph (DAG) is in cryptocurrencies, how it is used and how it works. DAG vs. Blockchain Blockchains and DAGs both record transactions on a distributed ledger, albeit through different means. Below is a quick comparison of the two in terms of benefits and drawbacks: Pros of DAG Suited for microtransactions and high volumes of transactions Eliminates the need for mining equipment Fees may be reduced significantly Lower energy consumption Cons of DAG Vulnerable to attacks due to low volume of transactions …
How blockchain technology might bring triple-A games to metaverses
Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is that the very things that capture the imagination of the public are the very same things that ultimately degrade the performance of the underlying platforms and raise barriers to entry higher than ever. In this article, I’ll explore the fundamental issues responsible for creating this dynamic…
Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes
Bitcoin (BTC) fan, Tesla CEO and world’s richest man Elon Musk says he will sell 10% of Tesla stock (TSLA) — if Twitter tells him to. In a Twitter survey on Nov. 6, Musk entered the debate on United States tax policy by offering to test it with a sale currently worth $23 billion. Twitter tells Musk to sell $TSLA U.S. Treasury Secretary Janet Yellen caused a stir this year by arguing that the government should tax unrealized gains as part of a plan targeting “exceptionally rich” taxpayers. Bitcoin proponents…
2 New Ethereum Miners earning over $40 a day?!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io There are two new Ethereum miners that earn over $40 dollars a day in passive income mining cryptocurrency that’s insane the most profitable ETH miner mines over $120 a day?! Subscribe to VoskCoin – Trade crypto and more with PrimeXBT! Stacked Invest helps you EARN MORE! Compass has miners in stock! It’s better to buy a Helium miner than a Ethereum miner – The Bobcat Miner 300 is the best Helium mining rig – Ethereum mining is the best coin to ASIC…
Bitcoin consolidates right below Fib level that triggered 2013 all-time highs
Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is “not the time” to sell BTC. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Not the time to be selling” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering near $62,000 throughout Sunday. The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down. While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns.…
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Congress Passes $1.2 Trillion Infrastructure Bill — Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I – Bitcoin News
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to the Tune of $1.2 Trillion The bipartisan infrastructure bill has been a hot topic in recent times and on Friday the bill passed in Congress and now awaits president Biden’s approval. The passing followed weeks of delays and debates…
Solana surpasses Cardano, Tether to become fourth-biggest crypto worth $76 billion
Solana (SOL) surpassed Cardano (ADA) and leading stablecoin Tether (USDT) to become the fourth-largest cryptocurrency by market capitalization. At press time, the net worth of total SOL tokens in circulation was a little over $76 billion, falling only behind Binance Coin’s (BNB) $109 billion, Ether’s (ETH) $540 billion, and Bitcoin’s (BTC) $1.17 trillion. Top ten cryptocurrencies by market cap as of 1330 UTC, Nov. 7. Source: Messari Meanwhile, Cardano and Tether’s market cap came out to be $66.39 billion and $74.42 billion, respectively. $100M fund launch boosts SOL’s bullish outlook…