Over 1.6 million Bitcoin purchased were registered as crypto adoption increases Bitcoin’s (BTC) journey as a decentralized digital currency has been revolutionary, and its latest achievement is a testament to its growing acceptance and utility in the global economy. On April 23, the Bitcoin network set a new record by processing 1.6 million confirmed payments within a single day.
The miner was the only one to validate the block, leading to the reward Against all odds, a lone Bitcoin miner has successfully solved a Bitcoin block, earning the entire block reward of 3.125 Bitcoin. At today’s price, that’s around $196,000. Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https://t.co/UWgBvLkDqc with a
The company allegedly provided false information about the scope of its operations In a lawsuit filed by the US Securities and Exchange Commission (SEC), Geosyn Mining and its co-founders have been accused of defrauding investors by falsely claiming the number of crypto mining rigs in their possession while misappropriating customer funds for personal use, resulting
The move may help bring more legitimacy to crypto as an alternative currency In an effort to combat money laundering, the European Parliament has established new rules requiring cryptocurrency businesses to perform formal due diligence, setting forth clear obligations for these companies. The recently enacted regulations seek to enhance “due diligence measures and identity checks,” encompassing
The sentence will follow an admission of money laundering in the US US Prosecutors in the federal money laundering case against Binance founder Changpeng “CZ” Zhao are recommending jail time for the former CEO. He’ll be sentenced in US District Court on April 30, and he could go to prison for 36 months after admitting to violating US money laundering laws. “Given the magnitude of
The cryptocurrency exchange’s troubles are following it around the world Cryptocurrency exchange Binance is facing more difficulties outside the US, as authorities in Canada and the Philippines recently took action against the company. The company currently accounts for 58% of the total centralized exchange spot trading volume as of March 2024 and is the dominant player in the derivatives
The halving went off without a glitch on April 20 Bitcoin underwent its fourth halving event after the 840,000th block was mined on April 20, reducing mining rewards by 50%. Now, Bitcoin miners started to receive 3.125 BTC per mined block, down from the previous award of 6.25 BTC. Bitcoin halving is an ongoing protocol process that occurs with
Avraham Eisenberg was accused of wire fraud, commodities fraud, and commodities manipulation Avraham “Avi” Eisenberg has been found guilty of fraud and market manipulation charges. Eisenberg was responsible for exploiting the Mango Markets decentralized exchange and making off with $110 million. Jurors spent long hours deliberating before the US District Court for the Southern District of New York delivered the guilty
The company is working on new projects that will help it diversify its offerings Tether, which runs the world’s biggest stablecoin by market value, recently announced restructuring to add new divisions outside developing stablecoin. The stablecoin goliath announced on April 18 that it had established a new framework for its four new business divisions, including Tether Finance, Tether Data,
Senator attaches stablecoin legislation to a marijuana bill in hopes of pushing it through Sherrod Brown, the US Senate Banking Committee Chair, disclosed plans to combine a significant stablecoin bill with marijuana business legislation. He views it as a chance to drum up support for the stablecoin initiative without giving it a lot of exposure.
The CFTC reportedly had steady communication with the crypto exchange before it failed Senators Elizabeth Warren and Charles Grassley have scripted a letter to Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), seeking information about Behnam’s interactions with the former CEO of FTX, Sam Bankman-Fried, prior to the crypto exchange’s failure. The senators
The change would make recovering wallets significantly easier The fear of losing cryptocurrency wallet seed phrases keeps some users up at night. However, the upcoming Ethereum Improvement Proposal (EIP) 3074 upgrade comes with a new Petra hard fork “social recovery” feature that could solve Ethereum users’ problem of losing their seed phrases. According to a
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