NFL Star Darren McFadden: Accountant Blew $3 Million On Bitcoin Mining
Many reading this would enjoy the opportunity to invest a solid $15 million into mining bitcoins, but an NFL star is alleging in civil court that his financial manager, Ameriprise Financial employee Michael Vick, did exactly that – with the star’s money. The tone of the lawsuit makes it seem that the money manager was so confident in his investment at the time that he assured Darren McFadden, a running back for the Dallas Cowboys and rising star in professional American football, that: [Michael Vick] promised to pay back Plaintiff any funds that Plaintiff invested in such business venture.....
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A player for a professional American football team has filed a lawsuit against his former business manager, alleging that he squandered money on bad investments including a $3m bitcoin mine. Court documents filed in an Arkansas federal court and published by the Arkansas Times allege that Michael Vick spent as much as $15m belonging to Darren McFadden, a running back for the Dallas Cowboys, on a series of fraudulent investments. McFadden has accused Vick of lying to him about the success of those investments, while at the same time using those funds to pay for a luxurious lifestyle and....
In August, London-based VIRTUS Data Centres released a case study on the company’s experience working with ASIC Runner, a supplier of cryptocoin mining hardware. CoinTelegraph reached out to VIRTUS to discuss the company’s role — and the role of data centers in general — in powering cryptocurrencies through mining, and what VIRTUS’s executives thought about the technology in general. We spoke to Darren Watkins, VIRTUS Data Centres Sales Director. CoinTelegraph: What is your own personal experience with Bitcoin? When did you first learn about the currency? Darren Watkins: Personally, I’ve....
U.S. football Star Odell Beckham Jr. is taking his new salary in bitcoin and is giving away $1 million in the cryptocurrency in partnership with Square’s Cash App. “To all my fans out there … I’m giving back a total of $1M in BTC right now,” he wrote. Football Star Odell Beckham Jr. Will Take His New Salary in Bitcoin and Is Giving Away $1 Million in the Crypto Odell Beckham Jr., also known as OBJ, announced via Twitter Monday that he is taking his new salary in bitcoin via Square’s Cash App. He also told his 4.1 million Twitter followers that he....
Even though, terms like 'mining' and 'blocks' are used in Bitcoin they may not be the best metaphors. For practical users, Bitcoin is better thought of as a network of private accountants. The accountants compete against one another in the world's fastest guessing game to maintain a ledger. When an accountant makes a correct guess they get to write a new page and receive a wage. The Bitcoin protocol enforces strict rules on the accountants. New pages follow a template. The accountant records a little "for office use only" information and fills the rest of the page with Bitcoin transactions....
BitFantasy is a new online role playing game whose unique selling point is that players can trade with each other using bitcoin. The game is in its early beta phase, but its developer, Darren Tarbard, says he is ensuring that this won't be a pay to win kind of game. Darren Tarbard has been developing software for around 20 years, half of which has been for financial organisations. However, his hobby has always been game development. The idea of BitFantasy received a lot of positive feedback when Darren suggested it on Reddit. From that point, he decided to stop his software contract work....