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Tenerife Council to Sell Bitcoin Bought In 2012 After Near 10,000% Price Rise

The Tenerife Council is set to sell 97 bitcoin purchased for €10,000 (around $11,500) in 2012 as part of a research initiative by the Instituto Tecnológico y de Energías Renovables (ITER). The value of this investment has nearly reached €10 million after a significant rise in bitcoin's price. The initiative aimed to study blockchain technology rather than generate profit. Selling the cryptocurrency has proved challenging, with previous attempts rejected by banks; hence, ITER is negotiating with a regulated Spanish financial entity to facilitate the sale. The proceeds will support new research projects at ITER, including advancements in quantum technology, as stated by Juan José Martínez, Tenerife’s innovation councillor.

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Reasoning by analogy: Can a jury understand Ethereum?

The trial of Anton and James Peraire-Bueno in the Southern District of New York raises questions about whether blockchain code can be deemed law. The brothers are accused of stealing $25 million in ETH through unethical practices involving Ethereum's system. The prosecution claims they used deception to exploit

Reasoning by analogy: Can a jury understand Ethereum?

A trial in New York will determine if blockchain code is considered law, involving brothers Anton and James Peraire-Bueno, accused of exploiting Ethereum for $25 million. During closing arguments, the defense argued that the brothers acted within Ethereum's rules, likening their actions to stealing a base in baseball,

Reasoning by analogy: Can a jury understand Ethereum?

In a significant trial in the Southern District of New York, jurors are faced with determining whether blockchain code constitutes law. The defendants, Anton and James Peraire-Bueno, are accused of defrauding a group by exploiting Ethereum’s system, resulting in a loss of $25 million in ETH. The prosecution argues