Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning […]
In a significant move within the crypto bankruptcy landscape, FTX Trading Ltd. has announced its intention to sell its equity interests in the artificial intelligence (AI) firm, Anthropic PBC. Holding close to an 8% stake, valued between approximately $ 1.47 billion to upwards of $ 2.4 billion, FTX is navigating its Chapter 11 …
“Quantum Cats” Bitcoin NFTs was marred by technical issues, forcing the company to postpone the sale. Despite an initially successful minting of nearly 1,000 cats, server overload led to an unexpected delay, causing frustration among eager buyers. ‘Quantum Cats’ Bitcoin NFT Launch Stumbles: Rescheduled Amid Technical Woes The sale of Taproot Wizards’ first collection of […]
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $ 50 million through the sale of preferred shares. This follows a successful acquisition of $ 25 million in a similar preferred share sale conducted by Canaan last …
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $ 1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days. ‘The Lord Brought This …