Day: January 19, 2023

BlockchainSpace Makes an Exceptional Move for Web3 Community Support with Metasports Acquisition

BlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years. BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, is confident that 2023 will be a banner year following the majority acquisition of Intellectual Property (IP) House, Metasports. Peter Ing, Chief Executive Officer and Founder of BSPC, believes the synergistic partnership with…

UK Ad Mogul Martin Sorrell Believes US Tech Stocks to Rebound This Year

Advertising spending has reduced over the past year, contributing to the woes of Meta Platforms. However, Sorrell says the ease in the crackdown from Beijing is a positive growth factor for the US tech stocks. Martin Sorrell, the UK ad mogul and founder of the advertising agency, S4 Capital has weighed in on the potential of American tech stocks in the face of global economic distress. As reported by CNBC, Sorrell sees a good year for Facebook parent company Meta Platforms Inc (NASDAQ: META), as well as retail giant Amazon.com…

Aggrieved Customers Serve $2M Lawsuit to Compass Mining for Failing to Return Their Bitcoin Mining Machines

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Compass Mining recently sustained a lawsuit by customers who claim the company lost their crypto mining machines in a deal with Bit River. Compass Mining is currently facing a lawsuit for losing Bitcoin (BTC) mining machines procured by customers. According to reports, the aggrieved Bitcoin mining machine owners are suing Compass Mining for more than $2 million because the company failed to return the machines after severing ties with Russian hosting firm Bit River. Furthermore, the lawsuit alleges Compass Mining fraud and claims that the mining firm did not disclose its ‘middleman’ status…

Expect better blockchain games in 2023, says Animoca Brands CEO

The celebrated union between blockchain and gaming has encountered several hurdles that have left many wondering if the new sector of crypto and gaming will ever live up to its potential.  In the fifth episode of the Hashing It Out podcast, Cointelegraph’s Elisha Owusu Akyaw and Animoca Brands CEO, Robby Yung, discuss how the blockchain gaming industry is striving forward regardless of the challenges. Robby Yung believes that there are issues on both sides. Regarding blockchain developers, Yung argues that the industry has not been able to educate the masses…

Ransomware Variants Are on the Rise but Overall Gains Decline: Chainalysis

At the same time, the number of malicious programs attackers have been using to encrypt victims’ data “exploded in 2022,” the report reads. Cybersecurity firm Fortinet identified 10,666 new ransomware variants in the first half of 2022, compared to just 5,400 over the same period of 2021. However, only a few of the variants bring attackers significant gains: “the vast majority of ransomware revenue goes to a small group of strains at any given time,” Chainalysis said. Source

CoinDesk Contemplates Full or Partial Sale as Parent Company Scampers for Funds

DCG is currently looking for ways to save its business and grow its capital. Crypto-based firm CoinDesk has begun weighing its options regarding a potential sale as it looks to attract growth capital. According to the WSJ, the firm has recently received offers above $200 million. And if the deal goes through, that would amount to an almost 40,000% return on its initial investment. Recall that Digital Currency Group – CoinDesk’s parent company, acquired the firm for an amount between $500,000 to $600,000 in 2016. Despite the offer, however, CoinDesk…