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Adam Back and two affiliated companies are seeking a U.S. court to enforce a $28 million arbitration award against Chip Movement Technologies.

3 days ago

On March 28th, as per TheMinerMag, Adam Back and two affiliated companies are in the process of seeking U.S. court enforcement of a $28 million arbitration award against the Chinese mining chip manufacturer Innosilicon. It is stated in the complaint that Innosilicon became aware of hidden cracks in the chips of these machines in March 2018 (a few months prior to delivery), yet it still managed to complete the delivery in September 2018. The Hong Kong International Arbitration Center ruled that Innosilicon had violated all three contracts and awarded damages: 425.98 BTC to Blockstream, 1,393.79 BTC to Thigmotropism, and 51.84 BTC to Back.
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Walrus Blockchain Storage Protocol Launches Bug Bounty Program, Offering a Reward of up to $100,000

On March 31st, the blockchain storage protocol Walrus, which is built on Sui, announced the official launch of a bug bounty program. This program focuses on key elements that affect user interaction with Walrus, as well as its core components and incentive mechanisms. The aim is to identify and address potential vulnerabilities on its decentralized storage platform. Relevant security researchers and developers can participate to contribute to the security and robustness of Walrus. Currently, participants can submit through HackenProof, and eligible submissions can receive a reward of up to $100,000. It is worth noting that vulnerabilities related to the Walrus economic model or data integrity will receive priority consideration. In previous news, the Walrus mainnet was officially launched on March 27th.

3 minutes ago

Walnut Capital and Droplet Investment Enter into Joint Investment Partnership Agreement

On March 31st, as per an official announcement, Walnut Capital made a public that it had entered into a partnership agreement with Waterdrip Investment. Under this agreement, Waterdrip and the company will cooperate and jointly invest in projects that are in line with the group's business. These projects include but are not limited to upstream/downstream enterprises, peers, and technology holders. Waterdrip will offer services to the company, which encompass but are not limited to (i) communicating with project counterparts, engaging in negotiations, and forging partnerships; (ii) participating in project development, such as through project evaluation, due diligence, and contract drafting; and (iii) taking part in project implementation, like resolving issues, coordinating, and achieving project investment goals. Waterdrip has extensive experience in the web3.0 and blockchain field and is dedicated to promoting blockchain technology through capital influence. The group under Waterdr

3 minutes ago

Iranian Official Allegedly Embezzles Over $21 Million in Crypto Assets During CEX Investigation

On March 31st, as per Decrypt, senior investigators from the Iran Islamic Revolutionary Guard Corps (IRGC) Intelligence and Economic Crime Department have been charged with embezzling more than $21 million in crypto assets during an investigation into the Cryptoland cryptocurrency exchange. According to the court documents examined by Iranian state TV, two senior officials from the IRGC Economic Intelligence Department, Mehdi Hajipour and Mehdi Badi, were the key architects of the scheme. Blockchain evidence indicates that wallets solely controlled by Hajipour handled over $21 million worth of tokens.

3 minutes ago

Musk Clarifies US Government Has No Plans to Use Dogecoin

March 31st - On March 30th, during the "America PAC" town hall meeting held in Green Bay, Wisconsin, Musk stated that the U.S. government has no intention of using the cryptocurrency Dogecoin. He pointed out that the Federal "Department of Government Efficiency (D.O.G.E.)" has no connection with Dogecoin, saying "they are just similar in name. The government will not use Dogecoin. At least, I'm not aware of it." Despite this, the D.O.G.E. official website briefly displayed Dogecoin's Shiba Inu mascot in February. This sparked market speculation about government involvement with cryptocurrency, causing DOGE to surge by 14% at one point and its market cap to exceed $580 billion. (decrypt)

3 minutes ago

Bitcoin Mining Firm Marathon Digital Plans to Launch $2 Billion Stock Sale to Buy More BTC

On March 31st, according to market information, the Bitcoin mining firm Marathon Digital intends to launch a large-scale stock sale plan worth $2 billion in order to purchase a greater amount of BTC.

3 minutes ago

Market Update: FTX's Major Repayment to Commence on May 30th

On March 31st, as per market information, the major repayment of FTX is scheduled to commence on May 30th. At present, the value of the BTC debt only accounts for 20% of the market price.

3 minutes ago