Business

‘BitBoy Crypto’ intentionally misses court appearance to address alleged harassment

[ad_1] Ben Armstrong, also known as ‘BitBoy Crypto’, missed a court appearance ordered by a federal magistrate judge in response to the YouTuber’s alleged harassment of counsel in a lawsuit involving several crypto influencers.Judge Melissa Damian had ordered Armstrong and his counsel to appear on April 20 to address the YouTuber’s “harassment towards plaintiffs’ counsel.” However, Armstrong openly mocked the order on social media, instead tweeting pictures of himself on
Business

Former Ethereum miner CoreWeave raises $221M in Series B

[ad_1] On Apr. 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies. The raise was led by Magnetar Capital with contributions from NVIDIA and rounded out by Nat Friedman and Daniel Gross. In November 2021, CoreWeave secured a $50 million investment from Magnetar Capital. As told by CoreWeave,
BLOCKCHAIN

Crypto exchange Roqqu receives South African approval to expand operations

[ad_1] Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country's fiat currency, the South African Rand, according to local media reports.  South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a
BLOCKCHAIN

Blockchains like Solana brag about TPS — but it’s misleading

[ad_1] The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to downplay other considerations, such as decentralization and security. The blockchain trilemma, of course, acknowledges that succeeding in all three areas is challenging, though not impossible.There is no denying that throughput and scalability are important, indeed vital if blockchains are eventually to become
Business

TransUnion to begin providing identity-protected credit scoring for DeFi lending

[ad_1] TransUnion, one of the three major United States credit reporting agencies, announced April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.In the new TransUnion service, credit information will be made available to decentralized applications, or Dapps, at the consumer's request. Complete credit information will be delivered to the consumer, and
Business

Industry leaders and policymakers react to passage of MiCA in EU

[ad_1] Though a crypto-focused regulatory framework still needs approval from the European Council before final passage, many in the space have reacted positively to the Markets in Crypto Assets, or MiCA, bill moving forward.On April 20, the European Parliament voted to pass MiCA after two delays starting in November 2022. The crypto framework aims to create a consistent regulatory framework for crypto assets among the European Union member states. Though
Business

Researchers find cryptocurrency ‘signatures of maturity’ similar to equities market

[ad_1] A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market. Dubbed “Collective dynamics, diversification and optimal portfolio construction for cryptocurrencies,” the paper was written by Dr. Nick James, a fellow at the University of Melbourne’s Centre for Data Science, and Max Menzies, a professor at the Beijing Institute of Mathematical
Business

Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand

[ad_1] According to a report published by the Hong Kong Stock Exchange (HKSE), two Bitcoin (BTC) exchange-traded funds (ETF) and an Ethereum (ETH) ETF listed on HKSE averaged 9.30 million Hong Kong dollars ($1.19 million) in daily trading volume from Dec. 16, 2022, to Feb. 7, 2023. As the first region in Asia to provide such access to crypto ETF products, Hong Kong exchange operators praised regulator clarity for its role
Business

Brazilian authorities investigate Binance for guiding clients past stop order: Report

[ad_1] Binance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor Econômico newspaper. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments.According to the newspaper, the Brazilian Securities and Exchange Commission (SEC) reported to the Attorney General of the State of São Paulo that Binance may have continued to offer cryptocurrency derivatives to
Business

17 ways to better explain blockchain projects to potential investors

[ad_1] When it comes to the blockchain space, entrepreneurs and potential investors can both end up stumbling over the underlying technology. While industry insiders are clear on, and often passionate about, how blockchain works, investors are more interested in what it can achieve.  If either side gets bogged down in technical details, it’s unlikely an investor will be able to grasp the impact and potential ROI of investing in a