The lawsuit, filed on Friday in the U.S. District Court for the Western District of Texas, alleges ZachXBT defamed MachiBigBrother, “inflict[ing] serious reputational and monetary harm” on him. ZachXBT faces one count of libel and one count of libel per se, according to the complaint. Source
Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency. In a June 17 report from South Korean news outlet Segye Ilbo, Kwon told the Montenegrin Basic Court he received his allegedly forged passports and travel documentation, including a Costa Rican passport, through third-party “agencies.” “I received my Costa Rica passport after filling in the documents required by a Singaporean agency that was recommended to me by a friend.…
The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind. The Bank for International Settlements (BIS) along with the BoE launched the joint experiment in July 2022 to explore how prototypes of an application programming interface (API) could be implemented in retail CBDC transactions. A June 16 report which summed up phase two of Project Rosalind found a CBDC could make payments between individuals cheaper and more efficient while allowing firms…
Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator. In a June 17 letter filed in the Court, lawyers for the crypto exchange accosted the Securities Exchange Commission (SEC) for continuing to offer “no straight answers” to the Court in relation to Coinbase’s rulemaking petition, which calls on the SEC to establish a regulatory framework for digital assets. “When ordered by this Court to address the stark inconsistency between…
Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a scam crypto account. If so, it will be suspended. — Elon Musk (@elonmusk) June 18, 2023 The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu…
Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol. Launched on June 17 the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where assets are known as “inscriptions.” Ethscriptions was developed by music website Genius.com co-founder Tom Lehman, who uses the pseudonym Middlemarch on Twitter. Lehman declared the project a “huge success” in a series of tweets on June 17 and noted nearly 30,000 Ethscriptions had been created…
The largest crypto by market cap benefited from last week’s pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country. Original
Gaming on Macs to suck less Is Apple’s reign as the worst platform for gaming coming to an end? Amidst all the hype about their long-rumored VR/AR headset, slated for release in early 2024 (queueing outside the Apple Store starts in October), it’s not the only signal that Apple might finally be sorting out its subpar gaming offering. It’s also releasing software that will make it easier to play Windows games on Mac. Gaming on a Mac really sucks. Lots of games – particularly indie and early release ones –…
The Venus Protocol, a decentralized borrowing, lending, and earning platform, has officially launched its VIP-129 governance proposal that focuses on migrating the TUSD contract on the BNB Chain. ⚡️VIP-129 is live! This proposal relates to the TUSD contract migration on BNB Chain as announced earlier this month. The current $TUSD market will be deprecated and Venus will add support for the new native $TUSD contract. Users needing TUSD_Old to repay their loans… pic.twitter.com/nIsFG5tM3n — Venus Protocol (@VenusProtocol) June 17, 2023 Venus Protocol migrating TUSD contracts on BNB Chain The migration behind VIP-129…
The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. Additionally, BlackRock’s application to launch a Bitcoin spot price exchange-traded fund and the sustained strength in the United States equities markets may have helped improve crypto sentiment. Bitcoin is on track to finish the week with a minor gain of 2% and institutional buying in the Grayscale Bitcoin Trust reduced its discount…