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Ubisoft CEO Takes $300,000 Pay Cut After Company’s Poor Performance
24.6.2022
The latest Ubisoft earnings reports shared that longtime chief executive Yves Guillemot will voluntarily take a sizable pay cut totaling €310,607 (around $327,000 USD).Read more
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
21.6.2022
“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment," said chief financial officeJeff Lucas
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
18.6.2022
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same...
Let’s Put EA CEO’s $20 Million Payout In Context
17.6.2022
The CEO of Madden maker Electronic Arts is set to rake in $19.8 million in total compensation for his company’s strong performance in 2021. That’s about half of what it was for 2020 after EA’s Board of Directors cracked down on exorbitant bonuses in the face of shareholder backlash, but still...
Destiny 2 Cheat Makers Agree To Pay $13.5 Million In Damages To End Bungie Lawsuit
16.6.2022
After nearly a year of back-and-forth in and out of court, cheat software developers Elite Boss Tech have agreed to pay $13.5 million in damages to Bungie. The cheat maker had previously offered Destiny 2 cheating software on its website, leading to a lawsuit from the Destiny developer last year....
NFT Marketplace Opensea Migrates to Seaport Protocol, Transition to Cut Network Fees by 35%
16.6.2022
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport protocol migration from the Wyvern protocol will cut network fees by 35%, and users will...
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
14.6.2022
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”
Russian Parliament to Review Bill Prohibiting Crypto Payments
13.6.2022
Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use...
Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns ‘Don’t Buy This Dip’
13.6.2022
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while...
Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine
11.6.2022
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake...
New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
Binance Pay, Alchemy Pay, ePayments, and QponBay Support Offline Crypto Payments for NFTs at ‘Artaverse’
9.6.2022
PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies...
Brazilian Crypto Exchange Foxbit Forced to Pay Customer in ‘Lost’ Ethereum Claim
7.6.2022
A court in Brazil has ordered the domestic crypto exchange Foxbit and another crypto-related firm to “reimburse” customer who “lost” almost USD 3,000 worth of ethereum (ETH) in a transfer in February 2020....
Read More: Brazilian Crypto Exchange Foxbit Forced to Pay Customer in ‘Lost’ Ethereum...
Odložené platby Mall Pay budou ve ztrátě další tři roky, chystá se změna názvu
7.6.2022
Ztrátová fintech služba Mall Pay, kterou nyní kompletně ovládá ČSOB, plánuje v červených číslech ještě nějakou dobu zůstat. Podle vedení firmy má jít o takzvanou řízenou ztrátu. ČSOB nedávno do Mall Pay poslala dalších sto milionů, základní kapitál narostl na 465 milionů. Tržby v roce 2020 dosáhly...
Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs
6.6.2022
The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months
The Sandbox Joins Ikonia to Pay Tribute to Italian Soccer Legend Andrea Pirlo
3.6.2022
The Kyiv-based NFT incubating Ikonia has signed a partnership with The Sandbox metaverse. The two entities brought their first product honoring the great Italian footballer Andrea Pirlo on the 1st of June. The NFT in question is a digital replica of the original mural on Lafayette Street in...
Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don't pay the bills’
1.6.2022
Kraken’s Jesse Powell came under fire for listing the second-generation LUNA; separately, he railed against TradeFi’s crypto exchange claims
Konkurence pro Twisto a Mall Pay: do Česka se chystají odložené platby Klarna
30.5.2022
Švédská společnost Klarna se pravděpodobně chystá své služby s odloženými platbami spustit v České republice. V tuzemských mutacích obchodů Google Play Store a Apple App Store se objevila aplikace s typickým růžovým logem a spuštěna byla také lokalizovaná verze webu. Klarna prozatím své plány...
InsurAce says it will pay millions to claimants after Terra's collapse
26.5.2022
DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants
Brazil's Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
25.5.2022
The Federal Revenue of Brazil wants investors to pay taxes on cryptocurrency trading profits, even if there is no exchange for Brazil's national currency