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Court Gives Craig Wright More Time to Await the Mysterious Bonded Courier


10 days after the Tulip Trust expired, new court filings have appeared in the billion-dollar Kleiman v. Wright lawsuit. One document describes the professed existence of a Tulip Trust III, which was shown to the plaintiffs on January 6, 2020. Another filing shows that Judge Beth Bloom has affirmed...

Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone


South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump


On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...

XRP Correcting Gains After Rallying on Good News


On Tuesday, XRP, the native token of the Ripple Ledger and the third most valuable coin by market capitalization, is correcting its gains after a strong rally on Monday, prompted by positive news. At pixel time (10:07 UTC), XRP trades at c. USD 0.215 after almost touching USD 0.225 earlier today...

McAfee Catches Heat After Welshing On Famous Bitcoin Bet


Many bold predictions about bitcoin’s price have been made over the years, but tech entrepreneur John McAfee’s 2017 claim that BTC would reach $1 million before the end of 2020 garnered more column inches than any other. This is because he promised to, ahem, consume his own manhood...

Stablecoins Are Crypto’s Version of Fractional Reserve Banking


Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...

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