Slush Pool, the world’s oldest mining pool, put a Reuters headline about Bitcoin’s 2020 bull run in a block on Dec. 2. “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” is now part of Bitcoin block number 659678. Announcing the news on Twitter, Slush Pool said that the pool’s miners wanted to “immortalize” the bullish Bitcoin (BTC) headline from mainstream media, making it live forever on the Bitcoin blockchain. Our miners asked us to immortalize it. Block 659678: Reuters 01/Dec/2020 Dollar plummets on U.S. stimulus hopes; bitcoin hits all-time peakhttps://t.co/pmzK3HXhpw pic.twitter.com/LKpvlj9TC4 — Slush Pool | Braiins (OS+) (@slush_pool) …

The U.S. Dollar Index fell sharply today, extending a 10-month losing streak that places it at its lowest point since April 2018. International news agency Reuters marked the occasion with a story headlined: “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak.” The article noted the tumble coincided with today’s news of a second COVID relief bill being discussed in Congress and the recommencement of negotiations between the United States Treasury Secretary Steve Mnuchin and House of Representatives Speaker Nancy Pelosi. The piece contrasted the falling dollar with the rising price of Bitcoin, which briefly surpassed all-time highs for …

In a lawsuit filed today in the U.S. District Court of New Jersey, Binance alleged that an article published by Forbes was defamatory and caused "millions of dollars" in damages. While there are already questions forming around the merits of the lawsuit, one thing is no longer in doubt: Binance is getting serious. Binance has retained the services of Charles Harder, the attorney best known for representing Hulk Hogan (Terry Gene Bollea) in a suit against Gawker Media. He procured an award of $115 million in compensatory damages and a further $25 million in punitive damages for his client in …

Binance has filed a lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, alleging that an article published under the title "Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators" was defamatory. Binance is demanding both compensatory and punitive damages. The article, which appeared on the Forbes website on Oct. 29, reported that the "Tai Chi" document contained details of a scheme designed to “intentionally deceive regulators” in the United States. According to Forbes, the document described a plan to funnel revenue from a U.S. …

The latest leg of Bitcoin’s (BTC) recent rally saw its market cap push above $330 billion for the first time ever as prices rallied above $17,750 late Nov. 17. According to CoinGecko, Bitcoin’s previous record capitalization of $329.3 billion was posted on Dec. 16, 2017, amid the market’s all-time high price rally to test $20,000. However, the new record for capitalization comes despite the BTC price itself failing to break into new highs. There’s a simple explanation for that — Bitcoin’s expanding supply. While roughly 16.75 million Bitcoin existed on Dec. 16, 2017, more than 1.8 million coins have since …

It is no secret that over the course of the last couple of decades, issues related to fake news, substandard fact-checking and rampant censorship have resulted in many mainstream media outlets losing the trust of their viewers and readers. In this regard, the 2020 Edelman Trust Barometer — a digital tool that serves as an indicator of how people view the media industry in general — shows that 57% of people all over the world believe that they cannot fully trust their news media sources, while 76% believe that false information is purposefully being disseminated by various prominent media houses …

The RMIT Blockchain Innovation Hub’s association with influential right-wing think-tank The Institute of Public Affairs has been roundly criticised in a 1200-word news feature in Guardian Australia by other members of staff. The hub received $6 million from the Melbourne based RMIT University and claims to be the “world’s first” research centre on the social science of blockchain. However one third of the university’s blockchain research staff, including co-directors Jason Potts and Christopher Berg, are either current or former fellows of the IPA, a sometimes controversial think tank that advocates libertarian free market economic policies. The story quoted an anonymous …

Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media outlets. According to Nomics CEO Clay Collins, the same algorithm is applied to all categories without any manual intervention, which should make the rankings more objective. Each entity receives a reputation score based on social media activity and site links. The exact recipe is not disclosed in order to prevent manipulation. Unexpected results This blind algorithm, at times, produces interesting results. Nexo tops …

The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation. According to a June 12 blog post, the publisher built a prototype to provide reliable metadata on various pictures found online. Often, pictures taken in a different location at a different time will be used in connection with unrelated events. Through the platform, readers and social media users will be able to know who took the picture and when. Technologically, the system used an IBM blockchain platform developed directly by IBM Garage, to ensure that the data remains tamper-proof. …

In a recent investigation, European police busted a major illegal online streaming business that had reportedly been running for the past five years. Bloomberg reported that the police conducted 15 house searches, arresting 11 people and successfully taking down 50 servers across nine countries. The European law enforcement agency Europol claimed to have found cryptocurrencies, property, jewelry, luxury cars, and cash worth $5.4 million from the business owners. An additional $1.25 million were frozen in several bank accounts, Europol stated. Making $17 million in five years The streaming ring, which mainly operated out of Spain, was a highly organized illegal …

We are excited to announce that Cointelegraph has joined the World Economic Forum’s Strategic Intelligence contributor network as a content partner, supplying the latest blockchain and cryptocurrency industry news, market analysis and op-eds into its sophisticated and wide-ranging knowledge base. Launched in 2019, Strategic Intelligence uses a combination of professional and AI-driven analysis to curate insights from think tanks, institutions and media outlets around the globe. Users can more effectively navigate the complex and interconnected global problems that beset the world, such as hunger, poverty, energy, health care, climate, global trade and finance through dynamic and interactive Transformation Maps — …

Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms. “Our customers are on YouTube/podcasts/social media — not reading mainstream media,” asserted Armstrong in a May 22 Twitter thread, adding that companies are now “able to control their own distribution channels” in the current media landscape. Publishing to our own blog/twitter/YouTube lets us say what is on our mind and talk to our customers — not get one quote in an otherwise balanced (or sometimes outright mean/snarky) article. Crypto exchange CEO avoids traditional media …