Introduction The rapid rise of cryptocurrencies and their widespread adoption has spurred regulators and financial institutions worldwide to reassess their stance on digital assets. In the United States, the Federal Deposit Insurance Corporation (FDIC) recently issued a warning regarding the risks associated with cryptocurrencies. This move underscores the arm’s-length policy adopted by U.S. banking agencies […]
Introduction Intro In a groundbreaking move that emphasizes the growing acceptance of cryptocurrencies in mainstream politics, Miami Mayor Francis Suarez has announced his purpose to approve campaign donations in Bitcoin for his governmental bid. This new action not just highlights the mayor’s intent to fundraising however additionally showcases the raising recognition of cryptocurrencies as genuine […]
A couple accused of money laundering in connection to a 2016 hack of the crypto exchange Bitfinex have reached a plea deal, Reuters said on July 21. Senior Judge Colleen Kollar-Kotelly has reportedly ordered prosecutors to file a copy of the plea deal from the accused, Heather Morgan and Ilya Lichtenstein, by July 27. A […]
Bankrupt exchange FTX filed a lawsuit against Sam Bankman-Fried, FTX Foundation, and several other entities to recover over $71 million, according to a July 19 court filing. FTX alleged that Latona, a sham non-profit company in the Bahamas, in compliance with the FTX Foundation, took over $71 million in commingled funds from Alameda and […]
According to a July 13 report by Messari, Filecoin currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared with 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage costs compared with centralized alternatives such as Amazon Web Services. […]
Video transcription Bittrex Inc. and several affiliates went bankrupt on Monday after its US operations were shut down at the end of April in response to a regulatory crackdown. The bankruptcy, which the company said doesn’t impact its non-US operations, comes less than a month after the US Securities and Exchange Commission accused the crypto […]
What is Bitcoin Mining Difficulty? Bitcoin mining difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. […]
Documentary: How can Blockchain digitalize the energy sector? Video Transcription To date, more than 80 percent of the world’s energy needs are still met with environmentally harmful energy, such as nuclear, coal, oil and gas. The main reason behind this is a complex and outdated power generation and supply system, which is loaded with legislation […]
Amazon recently announced its entry into the non-fungible token (NFT) market. NFTs are digital assets that are unique and can be used to represent ownership of digital items such as art, music, and collectibles. Amazon’s move into the NFT market is expected to bring more mainstream adoption of the technology.
Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long […]
U.S. President Joe Biden will propose changes to crypto taxation in an upcoming budget plan, according to a report from the Wall Street Journal on March 8. Biden’s budget plan will target wash trading Biden’s budget plan could directly affect crypto investors. The Wall Street Journal says that the president will propose a change to […]
Ad FTX said that its affiliate Alameda Research has sued Grayscale, as indicated in a press release published by the former company on March 6. Alameda challenges fees, locked redemptions In its press release, FTX alleged that Grayscale gained more than $1.3 billion from “exorbitant” management fees over two years. It also complained that Grayscale […]
