A cryptocurrency named after “The Lord of the Rings” trilogy was successfully blocked by the estate of author J.R.R. Tolkien on Tuesday after judges deemed it a trademark violation. The coin, called “JRR Token,” was set up by Florida-based developer Matthew Jensen and launched in August 2021. An accompanying website, jrrtoken.com, which later became thetokenofpower.com, was…
Cryptocurrency Named After ‘The Lord of the Rings’ Deemed a Trademark Violation
November 25, 2021
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Will The Ethereum-Bitcoin ‘Flippening’ Happen During This Cycle? Here’s What The Chart Says
Ethereum broke up bullishly from a daily inside bar at 10 a.m. EST on Tuesday and by midafternoon was attempting to hold above Monday’s high-of-day price. The former Goldman Sachs executive and Real Vision founder and CEO Raoul Pal in an interview with Hedgeye CEO Keith McCullough said the “flippening,” when Ethereum’s market cap will…
Cryptocurrencies ‘Not a Fad,’ Says Federal Minister
The Minister for the Digital Economy, Jane Hume, has said that cryptocurrencies are “not a fad.” In a speech on Monday at the AFR Super and Wealth Summit, Hume stated that with 17 percent of Australians investing in cryptocurrency, it is “an asset class that has captured hearts and minds” of Australians. “Whatever you might…
El Salvador to Build Cryptocurrency-Fueled ‘Bitcoin City’
LA LIBERTAD, El Salvador—In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano. Bukele used a gathering of Bitcoin enthusiasts Saturday night to launch his latest idea, much as he used a an earlier Bitcoin conference in Miami to…
Marathon Digital Bounces With Bitcoin, Ethereum: But Will It Be Enough to Buck the Trend?
On Nov. 15, Marathon Digital Holdings Inc. plummeted over 27 percent after the company disclosed it had received a subpoena from the U.S. Securities and Exchange Commission asking it to produce communications and documents related to its data-center facility in Hardin, Montana. Between Tuesday and Thursday, the sell-off continued and Marathon Digital pulled back a…
Whales Love Shiba Inu: Top 1,000 Ethereum Wallets Hold $2.36 Billion SHIB
The 1,000 richest Ethereum (ETH) wallets hold more than $2.36 billion worth of Shiba Inu (SHIB) combined. What Happened According to data from WhaleStats, Shiba Inu is now the top ERC-20 token holding amongst Ethereum whales, excluding ETH itself. At the time of writing, the top 1,000 ETH wallets held a combined value of $2,365,211,253 which represented 21.18 percent of…
Fans Express Mixed Feelings for Staples Center’s Renaming
November 18, 2021
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Sports fans and Angelenos have mixed feelings upon learning about the Staples Center’s becoming the “Crypto.com Arena”—the first name change since the venue’s opening in 1999—which was announced Tuesday, Nov. 16. On Christmas Day, the Staples Center will officially be renamed Crypto.com Arena, out of a 20-year naming agreement between AEG Worldwide, the owner of…
Fans Express Mixed Feelings for Staples Center Renaming
November 18, 2021
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ArchivedcryptocurrencyLocal NewsLos AngelesLos Angeles LakersNewsRegional-Local NewsSouthern CaliforniaStaples CenterUS
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Sports fans and Angelenos have mixed feelings upon learning about the Staples Center’s becoming the “Crypto.com Arena”—the first name change since the venue’s opening in 1999—which was announced Tuesday, Nov. 16. On Christmas Day, the Staples Center will officially be renamed Crypto.com Arena, out of a 20-year naming agreement between AEG Worldwide, the owner of…
Around $57 Million in Seized Cryptocurrency to be Sold to Repay Investors
SAN DIEGO—Around $57 million in cryptocurrency seized through the prosecution of a man who participated in a large-scale investment scheme will be sold to repay investors victimized by the fraud, federal prosecutors in San Diego said Nov. 16. The liquidation, which the U.S. Attorney’s Office called “the largest single recovery of cryptocurrency for victims to…
LA’s Staples Center to Unveil New ‘Crypto.com Arena’ Name on Christmas Day
November 17, 2021
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Business & EconomyCompaniescryptocurrencyLocal NewsLos Angeles LakersRegional-Local NewsSouthern CaliforniaStaples CenterUS
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The downtown Los Angeles Staples Center is getting a new name, stakeholders announced late Tuesday. The venue, which opened in 1999, will be called Crypto.com Arena for the next 20 years following a deal between the Singapore cryptocurrency exchange and Staples Center owner Anschutz Entertainment Group (AEG). “Recognizing these technologies will be at the forefront of powering…
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