Sports Stars to Pay $2.4M in Voyager Promotional Suit
Landon Cassill, Rob Gronkowski, and Oladipo have reached a settlement with the plaintiffs in their ongoing lawsuit against Voyager Digital. In a settlement agreement, three prominent American athletes have reached a joint payment of $2.42 million to address allegations that they assisted in the promotion of the defunct cryptocurrency exchange Voyager Digital. The largest contribution of $1.9 million will […]
Ore Wins Solana Hackathon Despite April Network Disruption
A Surge in Ore Mining Transactions led to Solana’s April Congestion, Causing the Rejection of Up to 70% of Non-Vote Transactions. Although the proof-of-work-powered Solana-native cryptocurrency Ore significantly disrupted the blockchain last month, the team responsible for developing it was awarded the “Grand Prize” at a hackathon supported by the Solana Foundation. Ore won $50,000 […]
South Korea Confirms Crypto Not Included in New Donation Law
Cryptocurrencies have been excluded from newly amended “Donations Act” in South Korea which could be a blow to charities and donation drives. The exclusion of digital currencies from recently amended donation legislation in South Korea may have adverse consequences for charitable organizations and donation campaigns. Kyunghyang Shinmun, a local news outlet, reported on May 5 […]
Jack Dorsey Resigns From Decentralized Social Network Bluesky
Twitter co-founder Jack Dorsey has left Bluesky’s board, the decentralized social media platform he conceived and funded he was Twitter’s CEO. Jack Dorsey, co-founder of Twitter and former CEO of the company, has resigned from the board of Bluesky, the decentralized social media platform he founded and funded in 2019. Bluesky wrote in a May […]
US Investigates Jack Dorsey’s Block, Inc. Financial Transactions
U.S. prosecutors investigate Block, Inc. after whistleblower claims it processed transactions from sanctioned countries and terrorist groups. According to reports, federal prosecutors in the United States are investigating Block, Inc., a fintech company owned by Jack Dorsey. This investigation comes after documents allegedly exposing persistent and extensive compliance violations at the firm’s payment subsidiaries, Square […]