Asian Algorithmic Trading Company Amber Group Reaches Unicorn Status
Amber Group, a Hong Kong-based cryptocurrency trading company, has attained “unicorn” status. The company managed to raise $100 million in its Series B funding round. With the new influx, the company is now valued at one billion dollars, making it a unicorn. Amber Group’s strategy is said to make them market neutral, allowing customers to garner gains in bullish or bearish markets. Amber Group Reaches Unicorn Status Amber Group, an...
Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused on the environmental concerns stemming from...
Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and technical aspects related to central bank digital currencies (CBDC), as...
Premier League Wins Enhanced Illegal Streaming Blocking Order For 2021/22
For the past several years, The Football Association Premier League has been working to combat the availability of illegal streams of matches broadcast over the Internet. These streams can be dealt with in a number of ways but the current preference is to seek cooperation from Internet service providers to have them blocked so that subscribers are prevented from accessing them. This usually involves targeting servers operated by...
EU Court: YouTube and Uploaded Are, In Principle, Not Liable For Pirating Users
Week in and week out, YouTube’s users upload millions of hours of videos. As with any user-generated content site, this also includes copyright-infringing content. The file-hosting platform Uploaded faces similar issues. While it can be used to share legal files, some people choose to use it to share pirated content. This is a thorn in the side of several rightsholders, who argue that YouTube and Uploaded are liable for the infringing...
