Connect with us

Blockchain

Apple Co-founder Steve Wozniak loses a bitcoin scam-related lawsuit against YouTube.

Published

on

A recent court ruling said that video-sharing giant YouTube is not responsible for cryptocurrency-related scams posted on its platform. According to the Bloomberg report, Apple co-founder Steve Wozniak failed to support his lawsuit against YouTube over an advert using his image to promote a fake Bitcoin giveaway. Earlier, Wozniak filed a lawsuit against the video-sharing platform YouTube for allowing videos on the platform that use his name to promote bitcoin scams.

 

YouTube is not responsible for cryptocurrency-related scams posted on its platform.

Santa Clara County Superior Court Judge Sunil Kulkarnia said in a tentative ruling Wednesday that YouTube and its parent firm Google are protected by Section 230 of the Communications Decency Act. This federal law shields internet platforms from responsibility for content posted by users. Wozniak had filed a lawsuit against YouTube in July last year over a typical bogus crypto giveaway that stated that anyone who sends cryptocurrency to a certain address would receive more cryptocurrency in return. Wozniak argued that YouTube not only failed to remove the fraudulent ads but “materially contributed” to the scam by selling targeted ads driving traffic to the videos, and falsely verifying the YouTube channels that carried the videos.

Wozniak has 30 days to revise his complaint.

“If YouTube had acted quickly to stop this to a reasonable extent, we would not be here now. What human would see posts like these and not ban them as criminals immediately?” Apple co-founder said. In the suit, Wozniak reportedly noted that similar crypto scams on YouTube also capitalized on other tech personalities like Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. However, Judge Kulkarnia said that those factors were not enough to challenge the immunity provided by Section 230. The judge gave Wozniak 30 days to try to revise his complaint.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chaintimes.com/apple-co-founder-loses-a-bitcoin-scam-related-lawsuit-against-youtube/

Blockchain

AMC Entertainment Could Include Dogecoin as a Payment Option

Published

on

Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options.

Almost 80% Want to Pay for a Movie Ticket With DOGE

Adam Aron, CEO of the world’s largest movie theater chain AMC Entertainment, conducted a poll via Twitter on Tuesday (September 21st, 2021) to check whether the company should accept DOGE payment. The poll, which ends on September 22nd, has garnered a lot of responses, most of them wanting AMC to include the meme crypto.

According to Aron, the Twitter survey came amid calls from members of the Dogecoin online community to add DOGE to the list of crypto options.

“I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”

Before the latest development, the AMC CEO announced that the movie theater giant will accept Ethereum, Bitcoin Cash, and Litecoin by the end of 2021. This was after Aron previously revealed during an earnings call in August that customers would be able to pay for movie tickets and concessions online with bitcoin, also at the end of the year.

The poll has so far seen 110,000 votes, with 70% responding positively to the idea of DOGE payment, while 8% also agree but say they would not use the meme coin for payment. Meanwhile, 22% of the voters were not in support of the motion.


ADVERTISEMENT

Growing Support for Dogecoin Payment

Aron’s survey comes as the cryptocurrency market is experiencing massive price dumps, along with the global financial markets, mostly tied to the Evergrande saga. Bitcoin, which traded at $48k over the weekend, dropped to as low as $40k, with the price of other altcoins also plummeting. However, there has been a slight recovery.

Dogecoin is currently the 10th largest crypto by market capitalization and reached an all-time high (ATH) of over $0.7 back in May. Now, though, it’s down to roughly $0.2.

If AMC Entertainment goes ahead to include the meme token among the list of accepted cryptocurrencies, the movie theater giant would become the latest company to support DOGE payments. Some others who have adopted Dogecoin include American basketball team Dallas Mavericks and Newegg.

Apart from AMC’s Adam Aron, Tesla’s CEO Elon Musk also carried out a similar poll for his followers. Although many of the respondents voted in favor of the electric vehicle manufacturer including DOGE among payment options, the company is yet to make it official.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/amc-entertainment-could-include-dogecoin-as-a-payment-option/

Continue Reading

Blockchain

Osprey Funds launches first-ever Polygon fund in the U.S

Published

on

The cryptocurrency market is witnessing a huge dump right now, one that was triggered by a sudden meltdown in global financial markets. Even so, many, including quite a few institutional investors, remain confident in the asset class. While the likes of Bitcoin and Ethereum have often stolen the limelight, of late, others have come to the fore. The example of Polygon (MATIC) is a case in point.

Crypto-asset management firm Osprey Funds is in the news today after it introduced its fifth digital asset investment product. According to an official press release,

Osprey Funds, LLC, a premier digital asset management firm, launches its fifth investment product of the year ​​― the Osprey Polygon Trust. It is the first U.S. fund to invest exclusively in MATIC, the native token of the Polygon network.”

The product will offer exposure to MATIC, the native token used on Polygon, an Ethereum Layer-2 blockchain network. According to Osprey CEO Greg King,

“Polygon is a disruptive layer-2 technology that gains from Ethereum’s secure network while mitigating common blockchain pain points, such as high gas fees and slow transactions.”

He added,

“We’re excited to offer investors a new way to tap into the growing Ethereum market via the Osprey Polygon Trust.”

The trust is available to accredited investors with a $10,000 minimum investment. Moreover, Osprey plans to list the fund on the over-the-counter OTCQX exchange “as soon as possible and has also agreed to waive the management fee for all investors until January 2023.”

This development comes just weeks after it launched its Solana Trust. Meanwhile, it also offers products tied to Bitcoin (BTC), Polkadot’s DOT, and Algorand’s ALGO tokens.

Polygon (MATIC) has seen a lot of traction both inside, as well as outside the (crypto) community. For instance, one of the world’s largest consulting firms, Ernst & Young (EY), has now partnered with Polygon to aid its Ethereum scaling.

Moreover, despite the current market being what it is, its on-chain metrics have painted a promising picture.

Its unique addresses (no. of ETH wallets holding MATIC) as well as total wallets held over time, have both seen a parabolic incline over time.

Source: Dune Analytics

The number of unique transactions too has played a positive role behind the coin’s surge since its inception.

It won’t be a surprise to see more firms jumping on this fast-paced bandwagon. For example, Grayscale Investments has also shared its interest in incorporating the said token under its belt.

Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/osprey-funds-launches-first-ever-polygon-fund-in-the-u-s

Continue Reading

Blockchain

ETH Options launches on PowerTrade

Published

on

PowerTrade, the most sophisticated crypto options trading platform, announces the addition of ETH options. PowerTrade’s addition of ETH options trading comes just as the asset retests its all-time-high with key resistance levels along the way—likely resulting in market volatility and presenting the ideal time for options trading.  

Given many crypto exchanges are not designed to support the complexity of options trading, the options market has been underserved until now. PowerTrade is specifically designed to support crypto options, enabling professional and retail traders to maximize ROI through an easy-to-use interface that aims to provide better prices at higher volumes with less capital. As the only crypto exchange that offers options priced in USD with SPAN (Standard Portfolio Analysis of Risk) margin, PowerTrade holds great appeal for traders seeking to discover new ways to make greater profits.

The ETH options are portfolio (SPAN) margined with the BTC options market, allowing for complex options strategies.  Also known as Portfolio Margin, SPAN margin takes traders’ entire portfolio risk into account when determining margin requirements, not just the risk of a trader’s individual positions.

This means if a trader has multiple positions that offset each other when the market moves, the required collateral will be much lower than the typical crypto margin exchange. The benefit of SPAN is that after calculating the worst-case daily move for one particular open position, some positions end up in profit, not requiring any margin and enabling unrealized gains to offset margin obligations for losing positions or new positions.

In the maturing crypto market, the integration of SPAN is integral in empowering traders to maximize ROI.

Tom Howard, Business Development & Growth at PowerTrade, expressed, “We’re very pleased to be able to offer ETH options trading to the wider crypto market at such a pivotal time in Ethereum’s development. Because PowerTrade’s platform is easy to use and mobile-first with low minimums and low fees, it truly puts the power of ETH options into the hands of traders.”

PowerTrade is now allowing all users to trade and earn up to $1,888 with PowerRewards.

Here’s how: 

  • Deposit funds up to $1,000 min. and earn $20
  • Trade min. $1,000 worth of crypto options (BTC/ETH) and earn $30
  • Earn additional rewards as you trade higher, up to $1,888
  • Must complete steps above and apply to earn rewards

For more information about PowerRewards, view our blog

To stay up-to-date on our latest news and developments, please join our Telegram channel and follow us on Twitter

About PowerTrade

PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements.

At PowerTrade, it’s easy for anyone to get started trading with as little as $1 USD and continue trading with simple, fast, mobile-first trading for crypto options.

 Disclaimer: This is a paid post and should not be treated as news/advice.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/eth-options-launches-on-powertrade

Continue Reading
Blockchain4 days ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

Blockchain4 days ago

Cardano Sees an Influx in Smart Contracts ! But There’s a Twist

Blockchain3 days ago

After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius

Uncategorized3 days ago

NBA 2K22 Limitless Spot-Up and Chef Badges Explained

Uncategorized3 days ago

What is The Old Gym in NBA 2K22 Next Gen?

Uncategorized3 days ago

Best Dribble Pull-Up in NBA 2K22: Which to Use

Uncategorized4 days ago

NFTs Are the Building Blocks of the Metaverse — Here’s How It’s Being Built

Blockchain4 days ago

EY Taps Polygon Network to Improve Enterprise Clients’ Experience 

Blockchain3 days ago

Matic Price to hit $1.75 in the next leg up! Launch on Bitfinex to be the Catalyst?

Uncategorized4 days ago

Shiba Inu (SHIB) Rises to Range High

Blockchain3 days ago

Flux Pools autoriza o pagamento de ativos paralelos em mais de 300K Flux!

Uncategorized4 days ago

The Head of Diem wants you to trust Facebook, but is he fighting a losing battle?

News4 days ago

XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC

Blockchain3 days ago

All you need to know about MATIC before investing

Blockchain5 days ago

EY Integrates with Polygon Protocol: Advances NFT Issuance

Blockchain3 days ago

Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible

Uncategorized1 day ago

PetPals, One Of The First Play-To-Earn NFT Web-Based Games Is Out Now

Blockchain4 days ago

Shiba Inu’s days in the sun may be over; here’s why

Uncategorized5 days ago

Solana (SOL) outperformed top 10 cryptos with $50 million in institutional inflows last week

Blockchain4 days ago

EOS: Why there’s a question mark attached to its long-term trajectory

Trending