• 11 crypto firms sued illegal ICOs
    The Federal District Court for the Southern District of New York will see 11 crypto firms sued for ICOs (Photo: uscourts.gov)
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    April 9, 2020 /

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.

    Read More
  • Poloniex launching Tron-based token
    Justin Sun's Poloniex is kicking off a new IEO launch platform with a Justin Sun-branded token (Photo: Tron)
    Alt coins,  Commentary

    JUST a coincidence? Poloniex launching Tron-based token

    Poloniex is creating an exchange token launch platform. The first project is a Tron-based stablecoin lending service. Who controls Poloniex? Tron founder Justin Sun

    April 7, 2020 /

    Months after finally admitting he was a part of the group that snapped up Poloniex late last year, Tron founder Justin Sun appears to be using the once-dominant cryptocurrency exchange’s reputation to boost the credibility of his week-old stablecoin.

    Read More
  • Voice can shout down Facebook
    Block.one's Brendan Blumer is betting $150 million Voice can shout down social media's fake news (Photo: Wikipedia).
    Cryptocurrencies,  Technology

    Block.one: With $150 million Voice can shout down Facebook

    After incubating Voice for nine months, Block.one injected $150 million into the social news platform that’s aiming to tackle the rise of fake news

    March 27, 2020 /

    Now independently operated, Voice is being billed as a “social news platform that rewards users and content creators,” and has the rather ambitious goal of tackling deficiencies in the media industry—namely the proliferation of fake news and concerns over data ownership.

    Read More
  • Huobi, Binance Steemed at Justin Sun Hive Takeover
    If you think Justin Sun was sick after the "kidney stone" attack that delayed his $4.6 million lunch with Warren Buffet, imagine how he'll look if his Steemit purchase becomes worthless (Photo: Twitter).
    Alt coins,  Cryptocurrencies,  People

    Huobi, Binance Steemed at Sun

    The two cryptocurrency exchanges that Tron CEO Justin Sun suckered into supporting his abortive ‘hostile takeover’ of Steem are helping boot him off the blogging platform

    March 19, 2020 /

    Actually, it’s more like Binance and Huobi are helping the Steem community abandon Sun. On March 17, leading Steem developers and community members announced Hive, a hard fork of the social blogging platform’s blockchain designed with one goal: to recreate Steem without the 65 million STEEM tokens (and their 20% governance vote) Sun received when he acquired blockchain developer Steemit.

    Read More