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Block CEO Jack Dorsey has announced a new legal defense fund for Bitcoin developers. The fund’s first activity will be to coordinate defense against Craig Wright’s Tulip Trading Lawsuit.  Jack Dorsey wants to help defend Bitcoin developers. In an email sent out to the Bitcoin developer mailing list Wednesday, the former Twitter CEO detailed his plans for a non-profit Bitcoin Legal Defense Fund to help developers fight lawsuits regarding their activities in the Bitcoin ecosystem. “The Bitcoin community is currently the subject of multi-front litigation,” Dorsey asserted at the start of the email. He then listed the fund’s objectives and goals, explaining…

Rapidly growing British start-up, Twig, has today announced it has secured $35m from its latest Series A financing round to support its future growth plans. Launched in 2021, Twig claims to be one of the fastest growing fintech apps in the UK, boasting over 100,000 monthly downloads, which currently places it among the top 10 finance apps on the App Store. Described by founder and CEO Geri Cupi as “the bank of things”, Twig allows users to sell or trade-in clothing or electronics in return for instant cash, which can then be used towards future purchases. Targeting predominantly Gen Z…

Hatten Land has confirmed the shipment of its first 80 crypto mining rigs to its crypto mining facilities in Melaka, Malaysia. Upon their delivery and installation, the rigs will start to mine bitcoins in January. The group had previously entered into a partnership agreement with Frontier Digital Management to install and operate 1,000 crypto mining rigs within Hatten Land’s properties. Frontier Digital has also been granted the license by Hatten Land to install, operate, manage and maintain crypto mining rigs at malls or locations owned or managed by the latter. Both companies will share the net proceeds of the cryptocurrencies…

Italian banking giant UniCredit has threatened to close the accounts of customers that are linked to crypto trading. According to the bank, their policies prohibit them from interacting with “counterparties issuing virtual currencies or acting as exchange platforms.” UniCredit, the only systemically important bank in Italy, has revealed that it is in no way in support of cryptocurrencies. The revelation came after a customer raised concern that the bank had threatened to close his account over wire transfers to two cryptocurrency exchanges, Crypto.com and FTX. The customer asked if it was stated in the bank’s policy that they could close…

Popular cryptocurrency exchange, Binance.US, is building space in Portals, a metaverse platform built on the Solana blockchain. Portals is a metaverse platform that recreates a dense urban environment where users can explore buildings and interactive rooms. Portals’ head of community and partnerships Chris Lund confirmed this in a Twitter message to CoinDesk. He stated, “Binance.US is getting a space in Portals Downtown with a focus on delivering the latest news, charts, and events virtually.” He also added that FTX.US, the U.S. arm of crypto exchange FTX, will also build its own office in Portals. Binance.US spokesperson, Zachary Tindall said the…

Renowned value investor Bill Miller has revealed that he has invested 50% of his personal funds in bitcoin (BTC) and several other crypto assets, leveraging his crypto investments. Miller, Founder and Chief Investment Officer of Miller Value Partners, initially invested in the best cryptocurrency in 2014, then started buying it again last spring amid renewed interest from venture capitalists. In a recent interview with Consuelo Mack of WealthRack, Miller said: “I think the average investor should be wondering what you have in your portfolio that has that kind of history – number one; is very, very underpenetrated; can provide a financial catastrophe insurance…

Johann Steynberg of the crypto Ponzi Scam “Mirror Trading International (MTI)” was arrested in Brazil a few days ago after vanishing with near 29,000 BTC. This would be yet another large-scale arrest for the country. A few months ago, Claudio Oliveira of the Bitcoin Banco group was also put behind bars for the disappearance of 7,000 Bitcoin from his investors in 2019. Johann Steynberg managed to fraud thousands of people all around the world after creating a Ponzi scheme and promising returns of up to 10%. According to preliminary estimates, more than 29,000 bitcoins were stolen by Steynberg’s company. Johann Steynberg was…

Syed Saddiq, Member of Parliament for Muar, has collaborated with the charity NFT4HOPE to launch an NFT collection featuring his face. With this collection, the organization aims to raise funds for the nation’s flood victims. A total of four NFTs can be viewed on the NFT4HOPE site, and they have been labeled “Super Rare” or “Ultra Rare”. Titled “Metamorphosis”, the “Ultra Rare” copy is a hybrid of digital and physical artwork by contemporary artist, Jaee Tee. Inspired by Syed Saddiq’s career transition, Tee digitized an oil painting he had created and integrated it with digital effects to create a unique-looking…

Amid the widening craze for non-fungible tokens (NFTs), a new NFT marketplace has emerged as the go-to space for all things marijuana.  TOKE.N, an NFT marketplace and an online store, promises to let consumers know everything about marijuana, including the place it was farmed, the conditions it grew in, the process involved and the plant’s genetic history.  The marketplace also taps on various companies, which through their integration in the NFT marketplace, will have the ability to issue NFTs included in the purchase of their product. TOKE.N also offers businesses the ability to market their brand directly as well as add…

Social media posts claim online retail giant Amazon has begun a “presale” of its own cryptocurrency tokens. But the company says the claim is false, and an internet security firm says the messages are part of scams aimed at stealing money and harvesting personal data. “The Amazon Token payment system will facilitate a more accessible, more connected global financial system,” said a Facebook post from December 27, 2021 that has since been removed. A similar post on Facebook with a photo of Amazon founder Jeff Bezos linked to the purported “official Amazon Token” site and stated: “The ‘Amazon Token’ Presale is Started.” Some users…