Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.Source
F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event
The NFTs, debuting this weekend at the Monaco Grand Prix, offer collectors access to the race as well as a host of loyalty benefits.Source
Crypto Exchange Coinone’s Former Exec Acknowledges Bribery Charges in South Korea: Report
A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing.Source
EU Investment Firms Should Clearly State Crypto Is Unregulated, Watchdog Says
Companies that market crypto alongside traditional securities might mislead consumers about access to fair advice and compensation, the European Securities and Markets Authority worries.Source
Ether Balance on Exchanges Nears All-Time Low
Drop comes as the number of staked ether has surged.Source
Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet
Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.Source
The Invisible Hand Restricting Bitcoin and Ether Price Swings
Hedging activity of market makers, who are always on the opposite of investors’ trade, seems to have kept prices rangebound off late.Source
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.Source
First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers Make Progress in Debt Limit Negotiations
ALSO: Graphics chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence technology.Source
Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success.Source