Tech

A Norwegian court has ruled in favor of Bitcoiner Magnus Granath in a lawsuit against self-proclaimed BTC inventor Craig Wright. Granath, who goes by Hodlonaut on Twitter filed the suit in Norway after Wright set out to bring a defamation suit against him.  Hodlonaut’s Inciting Tweets News of Granath’s victory emerged on Thursday via court files. The documents revealed that Norwegian judge Helen Engebrigtsen found that Hodlonaut's claims were backed by sufficient factual evidence.  The story behind the case goes…

Jack Dorsey has announced BlueSky’s long-awaited decentralized social protocol, called “Authenticated Transport Protocol.” The protocol is designed to let users regain control of their identity and data when using social apps. Decentralization Without Tokenization According to BlueSky, the AT Protocol (formerly known as “ADX”) integrates existing decentralized technologies to create a “simple,” “fast,” and “open” network. BlueSky is a non-profit launched by Twitter in 2019, without any stake held by the parent company.  Jack Dorsey has previously suggested that BlueSky…

Alex Mashinsky – founder of Celsius Network – reportedly withdrew $10 million from the struggling lending platform weeks before its bankruptcy.  Under U.S law, he may be forced to return those funds for the benefit of his company’s creditors.  Mashinsky’s Last Minute Withdrawal Mashinsky's hefty withdrawal came in late May – at a time when Celsius users were already withdrawing their assets in droves. Fear overtook customers as crypto markets slid in Q2, and worries over Celsius’ financial health grew…

The crypto lending and custody platform Genesis waved another executive goodbye on Wednesday as co-Head of Sales Matt Ballensweig stepped down.  That’s the second executive departure from Genesis after its CEO, and the next in a long list of crypto industry higher-ups this quarter.  Yet Another Departure in Crypto In a Twitter thread on Wednesday, Ballenswelg explained that he was formally leaving his post after over 5 years, and will be transitioning his responsibilities to select colleagues. In the short…

El Salvador President Nayib Bukele took a victory lap on Monday after the Bank of England’s British pound rapidly depreciated against the dollar.  The institution has since resumed quantitative easing. Its action marks a clear pivot that many in the Bitcoin community predicted central banks would be forced into months in advance. Bukele’s Callout Bukele tagged the Bank of England with a triumphant “Told you,” over Twitter, scoring over 14,000 like and 2000 retweets from his followers.  His brief comment…

Kraken co-founder CEO Jesse Powell is set to exit his position as CEO of the major exchange platform. Amid speculation that various controversies have prompted the move, Powell claims this decision has been in talks for over a year.  Powell Is Not Leaving Kraken Entirely The avid crypto advocate shared that he plans to remain active within the crypto platform. Powell will step into a new role as the company’s first chairman of the board. He reportedly intends to shift…

Indian crypto exchange, CoinDCX had its Twitter account hacked on Tuesday. The hackers used the compromised account to promote a fake Ripple (XRP) giveaway. Today we are pumping XRP. To support our community, we are announcing 100,000,000 XRP GIVEAWAY,” the now-deleted tweet read. The fake promo was then followed by a phishing link. To erase suspicions, the hackers retweeted official posts from Ripple Labs CEO, Brad Garlinghouse. They also replied to tweets with phishing links.  As they strove to regain…

Nikhil Wahi – brother to former Coinbase Product Manager Ishan Wahi – has pleaded guilty to wire fraud conspiracy using confidential information.  Guilty As Charged As reported by Reuters, the ex-manager’s brother confessed during a virtual court hearing in front of a Manhattan judge. He admitted to making cryptocurrency trades based on confidential information from his brother, who used to work at Coinbase. "I knew that it was wrong to receive Coinbase's confidential information and make trades based on that…

Framework Ventures – a blockchain-focused venture capital and technology company – has released a report examining compensation among venture-backed crypto startups.  The firm surveyed 18 companies, ranging from 2 to 80 employees, between May and June of 2022. Respondents were largely part of the DeFi, infrastructure, and web 3 gaming sectors and included by centralized companies and DAOs. Framework’s report publicly revealed 7 key findings, including information about how many startups actually use crypto over fiat to pay employees. Here’s…