PR Wire

Tezos can settle ICO related lawsuit for $25 million in cash
PR Wire

Tezos can settle ICO related lawsuit for $25 million in cash

Editor’s note: An oversight was made in regards to the value of the settlement proposed in this case. The article was fixed to showcase the factual truth. If you have been close to, or participated in the Tezos ICO, you are already aware of the significant amount of disputes and lawsuits that have followed in the wake of the $232 million worth of BTC and ETH raised during the project’s fundraiser. Today, new information emerged in regards to the court proceedings related to Tezos’ ICO class action lawsuit, where they are being held accountable for violating federal securities laws by offering and selling Tezos tokens without a registration statement with the SEC. The SEC has proposed a $25 million settlement in cash, which if accepted will be considered to resolve all claims from investors...
AdsDax achieves 1372 cryptocurrency transactions per second on Hedera Hashgraph with Zee Entertainment Enterprises, Sets new industry record
PR Wire

AdsDax achieves 1372 cryptocurrency transactions per second on Hedera Hashgraph with Zee Entertainment Enterprises, Sets new industry record

Photo by Aaron Sebastian on Unsplash Disclaimer: This post is a press release provided by Wachsman, a blockchain PR agency on behalf of their clients and is not representative of any views, beliefs, and values held by www.crypto-news.net. The content below is to be understood at face-value as provided by the PR agency. AdsDax, Hedera Hashgraph and Zee Entertainment Enterprises join forces to showcase a live, enterprise use-case for Distributed Ledger and Blockchain technologies Swansea, UK —08 June — AdsDax, a decentralized advertising platform and marketplace to create, buy, verify, and sell advertising, has achieved over 1,300 cryptocurrency transactions per second (TPS) on Hedera Hashgraph’s enterprise grade distributed ledger. The announcement comes after AdsDax expanded the ca...
Bitcoin miners are facing a “The Purge”-like event
PR Wire

Bitcoin miners are facing a “The Purge”-like event

With the Bitcoin halving behind us, we are now starting to see the first effects of the reduced mining rewards on Bitcoin miners. According to Glassnode, a blockchain data and intelligence provider miners have stopped selling their generated Bitcoin. In fact, miner outflow is at it’s lowest level ever. Disclaimer: This article is not financial advice. The views represented by the author are his own and crypto-news.net is not responsible for any losses (or gains) as a result of the information shared in this article. Chart showing the sale of Bitcoin from miners compared to historical average. Source: Glassnode This is pretty good news for the rest of the Bitcoin community. Weak hands in both trading and mining are setup to get eliminated. Miners that are struggling to keep afloat have most...
Facebook rebrands Calibra to Novi as the digital wallet for Libra cryptocurrency
PR Wire

Facebook rebrands Calibra to Novi as the digital wallet for Libra cryptocurrency

Facebook decided to rebrand and rename the initial Calibra cryptocurrency wallet as the now new Novi cryptocurrency wallet. According to Facebook, the name Novi was inspired by the Latin words “novus” for “new” and “via” for “way.” according to the press release issued by the company on May 26th, 2020. Libra, as of the date of publishing is not yet available for public use, but according to the information, Novi will be the first (and perhaps only) wallet that will be used with the Libra cryptocurrency.   The wallet is presented as an easy-to-use integration that will be compatible with all of Facebook’s products, i.e. Messenger, Whatsapp, and a proprietary Novi application. It is expected that sending and receiving money through the Novi wallet will be free of charge, with no hidden costs...
Tezos can settle ICO related lawsuit for $250 million in cash
PR Wire

Tezos can settle ICO related lawsuit for $250 million in cash

If you have been close to, or participated in the Tezos ICO, you are already aware of the significant amount of disputes and lawsuits that have followed in the wake of the $232 million worth of BTC and ETH raised during the project’s fundraiser. Today, new information emerged in regards to the court proceedings related to Tezos’ ICO class action lawsuit, where they are being held accountable for violating federal securities laws by offering and selling Tezos tokens without a registration statement with the SEC. The SEC has proposed a $250 million settlement in cash, which if accepted will be considered to resolve all claims from investors and cover all lawyer fees, according to a press release by the United States District Court of...
The Only Correlation Between Bitcoin and the Stock Market is Panic Selling
PR Wire

The Only Correlation Between Bitcoin and the Stock Market is Panic Selling

Bitcoin recently experienced a significant drop in value when over the course of this last week. Its value dropped from a stable $9,000 to $5,000 in a matter of days. At the same time, on the stock market, many companies and indexes also lost value. Most notably, the S&P 500 index, whose loses flipped a stock market circuit breaker, pausing all trading of the asset for 15 minutes. Following the events, many people started producing stories about how BTC is connected to the stock market’s price movements and it’s not this noncorrelated asset that should behave like gold. Well, Bitcoin is neither following the stock market, nor it is gold. What it is, is simple. It’s Bitcoin. The level of utility that Bitcoin has is as limited as money, but the way one owns Bitcoin is similar to stocks a...
Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants
PR Wire

Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants

Binance and WazirX, a subsidiary the world-renown exchange acquired last year will create a $50M USD fund called “Blockchain for India” according to the announcement on Binance’s website. Following the fact that the Indian Supreme Court Lifted the Central Bank’s Cryptocurrency Ban, this step from Binance is one business savvy way to capitalize on a newly opened market for cryptocurrency and blockchain. The fund is backed by BNB, BUSD, and WRX digital assets which will be used to make investments in blockchain projects and startups that are trying to solve technical and social issues with blockchain. “We started WazirX with the aim to involve everyone in this technology revolution, and the Blockchain for India fund marks a big step in this direction. India has the biggest tech talent pool i...
The Ultimate Loyalty Tool For Users — Official MinerGate Blog
PR Wire

The Ultimate Loyalty Tool For Users — Official MinerGate Blog

by MinerGate Mining Pool April, 29, 2019 MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve this goal in full. It will be used as a community reward and a countable means of gratitude for our most loyal community members. The MG token provides new opportunities for the whole existing cryptospace as well as it’s newcomers. The token distributi...
BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency
PR Wire

BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency

The BMW Group has increased its capacities for utilizing blockchain technology to provide its staff with the tools they need to create high-quality vehicles. According to the press release, BMW has faced great difficulty when tracking specific parts that need to be changed or simply weren’t of sufficient quality. Finding the manufacturer often involved a significant amount of manual labour, but now with the implementation of the second stage of their “PartChain” project, BMW and their suppliers are using blockchain systems to help them track parts at the push of a button. We’ve reached out to BMW Group for comments and more information, but they were unavailable for contact. The extremely complex nature of the automotive industry makes it a prime suspect for blockchain integration. The com...
The First Major Exchange To Support The MinerGate (MG) Token — Official MinerGate Blog
PR Wire

The First Major Exchange To Support The MinerGate (MG) Token — Official MinerGate Blog

by MinerGate Mining Pool May, 9, 2019 Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to its users a reliable, powerful and fast platform solution for crypto. The MinerGate token was created as a new way of cooperation between our product and its users. A few tokens have already been delivered to the most activ...