BITCOIN

  • No Joke: Chipotle to Give Away $200K in Free Burritos and Bitcoin on April 1

    Fast-casual restaurant Chipotle Mexican Grill (NYSE: CMG) said it will be giving away $100,000 in free burritos and $100,000 in bitcoin (BTC, +0.12%) in honor of National Burrito Day on April 1. In an announcement, the restaurant said it has teamed up with former Ripple Labs CTO Stefan Thomas to launch a new interactive game called “Burritos or Bitcoin.” The game has been inspired by Thomas, who famously lost the password to his hard drive that now has $387 million worth of bitcoin stored on it. Players will carry out a mock “chiptocurrency” rescue mission and…

    Business 03/31/2021
  • Enterprise Blockchain Doesn’t Work Because It’s About the Real World

    Blockchain has come a long way since its 2008 debut as the ingenious technology underlying Bitcoin. Today companies and governments the world over are exploring new applications in which blockchains track, not the flow of digital currency, but things and events in the real world. But this tether to reality is enterprise blockchain’s Achilles heel. To see why, let’s go back to where it all began. When Bitcoin first appeared, a common reaction was: why would anyone exchange their hard-earned dollars for that? The answer, it’s become clear, is that bitcoin…

    03/31/2021
  • Security Token Startup Founder Arrested on Sexual Assault Charges, Toronto Police Say

    The founder of a security token startup has been arrested on charges of sexually assaulting a minor, Canadian authorities said. Trevor Koverko, former CEO of Polymath, was taken into custody on March 14 by Toronto police, a spokesperson for the department, Caroline de Kloet, told CoinDesk Wednesday. He has apparently deleted his Twitter. Koverko has been charged with “sexual interference with a person under 16 years of age” (Section 151 of Canada’s Criminal Code) and “sexual assault” (C.C. 271), said de Kloet. Chris Housser, Polymath’s other founder and interim CEO, said Koverko resigned from…

    03/31/2021
  • Draws Skepticism From Rival Analysts

    A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…

    03/31/2021
  • DEFI New Finance: New HS Network Coming Out

    Digital currency is the product of block chain technology. Block chain (Blockchain) refers to the technical scheme of maintaining a reliable database collectively through decentralization and distrust. From the perspective of financial accounting, block chain can be regarded as a highly trusted network electronic account book with full node participation. With the deep application of block chain technology, the value of digital currency in the future will become increasingly prominent. ​ HS Network is a block chain DEFI Token trading platform based on Ethernet technology. Built by the Global Ecological…

    03/31/2021
  • Rep. Gaetz of Blockchain Caucus Faces Investigation for Sexual Misconduct: Report

    U.S. lawmaker Matt Gaetz (R-Fla.), a member of the Congressional Blockchain Caucus who has put his name to a handful of pro-blockchain bills and letters, is under investigation by the Department of Justice, which is looking into whether he had a sexual relationship with a minor, the New York Times reported Tuesday. According to the report, which cited “three people briefed on the matter,” Gaetz is also being investigated over whether or not he violated federal sex trafficking laws. He allegedly may have paid for a 17-year-old to travel with him. The investigation is part…

    03/30/2021
  • First Crypto Fraud Case in Australia Involving $800K in Stolen Assets Filed to Federal Court

    An Australian cryptocurrency company is being sued in federal court for fraud in what is believed to be the first case of its kind in the country. According to a report by ABC News on Sunday, French national Alexandre Raffin, 28, has brought a compensation claim against crypto company Modern Assets Australia for an alleged breach in duty of care. Raffin claims Modern Assets and its directors, Jonathan Allison and Carlo Sciubba, failed in their obligation to him as an intermediary in facilitating an exchange of cash for a South Korean cryptocurrency…

    03/30/2021
  • NFL Player Taylor Rapp Is Launching an NFT to Fight Anti-Asian Hate

    A young defensive back with the Los Angeles Rams is the latest pro athlete launching a non-fungible token (NFT), hoping to use the sale to raise money, and awareness, to combat the wave of anti-Asian hate crimes this year. Taylor Rapp, the free safety entering his third season in the National Football League, completely lacks the star power of a Rob Gronkowski or a Patrick Mahomes, marquee players who leveraged their splashy brands into multimillion-dollar NFT sales earlier this month. But the backfield starter, who said he’s been hustling with his co-creators for…

    03/30/2021
  • Market Wrap: Traders Ratchet Up Derivatives Bets as Bitcoin Mounts Rally

    Bitcoin (BTC) trading around $58,800 as of 20:17 UTC (4:17 p.m. ET). Climbing 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $57,069-$59,380 (CoinDesk 20) Bitcoin has climbed on four of the past five days, and the price is now pushing back toward $60,000 for the first time in a couple weeks. “It wasn’t with the fanfare and fireworks, but instead just a standard grind higher, helped in part by the continued positive adoption news flow,” Matt Blom, head of sales and trading with the digital-asset firm Equos, wrote Tuesday in…

    03/30/2021
  • Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor

    Tesla just contributed to Bitcoin open source software. The car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw. The electric vehicle and renewables company informed BTCPay’s team of the bug after reviewing the project’s GitHub last week. It affects users who boot BTCPay from “Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,” according to a post on BTCPay’s GitHub that included a software patch. “The security team…

    03/30/2021