NFT-based Fixed Lending Protocol Pledge Backed by Stanford Alumni Announces Successful Fundraise
PRESS RELEASE. Pledge Finance is launching a cross-chain decentralized finance ecosystem, purpose-built for the financial sector following a successful private round in which it raised more than $3 million. Hong Kong – Pledge Finance, an algorithm-driven, multi-chain decentralized finance (DeFi) ecosystem, is announcing the launch of an NFT-powered structured collateralized lending platform targeted at the traditional financial...
Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin
The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion. Revolut Pays Bitcoin for Wework Property in Texas On September 16, 2021, Revolut, the fintech firm that offers users cryptocurrency services and aims to provide the world with a “global...
The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’
All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” S&P Global Joins Fitch Ratings, Moody’s Casting Criticism Down on Salvadoran Bitcoin...
Yout Files Refocused Lawsuit Against RIAA to Have YouTube-Ripping Service Declared Legal
In 2020, the RIAA attempted to have YouTube-ripping tool youtube-dl removed from Github and in the wake of that, YouTube-ripping service Yout filed a preemptive lawsuit against the RIAA. Yout said that the RIAA’s earlier efforts to have its homepage delisted by Google, on the basis that Yout circumvented YouTube’s ‘rolling cipher’ technology, were wrongful and damaging to its business. Yout asked the court to declare its service legal...
RIAA and Rightscorp Counter Renewed ‘False and Fraudulent’ DMCA Notice Claims
Under US copyright law, Internet providers must terminate the accounts of repeat infringers “in appropriate circumstances.” In the past such drastic action was rare but, backed by several court orders, ISPs are increasingly being held to this standard. Music Companies sued RCN Internet provider RCN is also under legal pressure. Two years ago, the company was sued by several major music industry companies including Arista Records, Sony...
