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Abkhazia Police Seize 396 Crypto Mining Rigs in 48 Hours as Electricity Woes Continue
9.2.2023
Police in Abkhazia have confiscated 396 crypto mining rigs in the space of just 48 hours – as the de facto state continues its battle against illegal miners. The government has blamed illegal miners for crippling power shortages and rolling blackouts that have left thousands without electricity....
Billionaire Coinbase CEO Sounds Alarm Over Rumoured SEC Ban on Crypto Staking for Retail Customers
9.2.2023
Brian Armstrong - the brains behind Coinbase - hit back at rumours of an incoming US crypto staking ban.
Taking to twitter. The Coinbase CEO argued that staking is vital. Ensuring users can contribute to the running of decentralised networks while also boosting scalability and network security....
New Court Filings: FTX Racked Up $19.6 Million in Legal and Financial Advisor Fees in Just 51 Days – What's Going On?
9.2.2023
Court documents have revealed the eye-watering costs behind the ongoing FTX bankruptcy saga. Sam Bankman-Fried paid nearly $20m in fees between November's collapse and the end of 2022.
The grandeur of this legal circus cannot be understated. On the defence team there are 151 staff members . This...
Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m
9.2.2023
The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million.
The news outlets Chosun and Newsis reported that the CEO (surnamed Ko) led a firm named QRC Bank. Ko was convicted of fraud and other charges. Two other...
5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor
9.2.2023
5,000 merchants and 50,000 users are now participating in India’s CBDC pilot project, the RBI’s deputy governor has said, noting that the central bank intends to proceed with the project slowly to avoid unwanted fallouts.
Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced...
US Senator Elizabeth Warren Leads the Charge to Learn More About Crypto Mining Energy Usage – Regulation Incoming?
8.2.2023
Elizabeth Warren, the Democratic Senator who is known as a fierce crypto critic, is now part of an effort by lawmakers to learn more about the energy use of crypto mining.
The new initiative aims to increase the transparency requirements for crypto mining companies, particularly when it comes...
Lido presents its largest upgrade – Lido V2
8.2.2023
Contributors at Lido have come up with Lido V2, a step to further decentralize Ethereum. Lido V2 is being termed the biggest upgrade to date and an important step in the direction of decentralization. Lido V2 centers around Staking Routers and Withdrawals as the two major upgrades. Staking Router...
Binance Helps Turkey Earthquake Victims By Airdropping Free BNB Tokens – Here's What You Need to Know
8.2.2023
Binance will airdrop $100 worth of BNB tokens to its Turkish users affected by the recent devastating earthquake.
The world's largest crypto exchange announced Tuesday that it will airdrop BNB worth $100 to all Binance users identified to be living in 10 cities where the earthquake has had...
Stylus: An easy next-gen deployment to the Web3 ecosystem
8.2.2023
Offchain Labs has published a blog post to announce that Stylus is scheduled to go live later in 2023. Termed EVM+, Stylus is the next-generation programming environment by Arbitrum to boost the development of decentralized applications with interoperability features. The goal is to advance...
Brazil: $193m ‘Crypto Pyramid’ Firm Declared Bankrupt
8.2.2023
Indeal, the Brazilian company behind a suspected crypto pyramid scheme worth some $193 million, has declared bankruptcy.
The firm was at the heart of a major police operation back in May 2019. The police dubbed their operation Operation Egypt and worked in conjunction with the nation’s tax agency...
Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold
7.2.2023
The troubled crypto firm Genesis has reached an agreement with key creditors that would involve a sale of the crypto lending and trading arm of the company....
Read More: Digital Currency Group Announces Major Shake-Up: Genesis Trading and Lending Arms to be Sold
Crypto Miners Blamed for Abkhazia Power Outages
7.2.2023
Major power blackouts in Abkhazia have been blamed on illegal crypto miners, marking a fresh setback for the region.
News headlines have been dominated by bitcoin (BTC) and altcoin mining in recent years in the de facto Caucasus-based state. Abkhazia sits in the northwestern corner of Georgia...
Small Victory for Sam Bankman-Fried: Prosecutors Resolve Dispute Over Bail Conditions – Here's What Happened
7.2.2023
After a tumultuous month for disgraced FTX boss Sam Bankman-Fried (SBF), finally prosecutors have given ground.
January was difficult for SBF. Despite being sat in home arrest in California, on a $250m bond. Last week US District Judge Lewis Kaplan imposed severe restrictions on...
Crypto Companies Rush to Help Turkey and Syria Earthquake Victims – Blockchain Beyond Borders?
7.2.2023
A 7.8 magnitude earthquake sent shockwaves across Turkey and Syria on Monday. The incident has been coined the 'deadliest in a decade'.
Caused by a 100km rupture at the East Anatolian fault, the epicentre was 26km East of Nurdagi. Only the third earthquake on the strike-slip fault to measure above...
South Korea Takes Major Step Toward Cryptocurrency Legalization with New Guidelines on Securities Tokens
6.2.2023
South Korea has taken a major step towards bringing crypto into the mainstream as the country’s main financial regulator introduces new guidelines on security tokens.
Under the new guidelines, security tokens, defined as financial assets issued by a centralized party and tokenized on a blockchain...
Brazil to Grant Prosecutors, Police New Crypto Confiscation Powers
6.2.2023
The Brazilian government looks set to grant the nation’s prosecutors, courts, and police officers new powers to confiscate crypto.
According to an official release from the Attorney General, the nation’s Federal Public Ministry (MPF) has prepared a draft crypto “guide” for prosecutors and...
Starknet Prover soon becomes open-source!
6.2.2023
StarkWare has published an official blog post to announce that it is going to open source StarkNet Provider under an Apache 2.0 license with the objective of boosting collaboration and increasing accessibility to developers in the community. Calling it a milestone in the evolution, StarkWare...
FTX Japan Bidding Deadline Extended
6.2.2023
Bidders have been given more time to register their interest in the crypto exchange FTX’s Japanese arm, FTX Japan.
The Japanese media outlet CoinPost reported that a bankruptcy court in the United States has pushed back the bidding date for the exchange from March 15 to April 19.
An auction...
CFTC Chair: Agency Well-Positioned to Regulate Crypto
4.2.2023
The Commodity Future Trading Commission is "well positioned" to address regulatory gaps in the crypto market, according to CFTC Chair Rostin Behnam.
In prepared remarks for a February 3 American Bar Association event, Behnam said his stance toward cryptocurrencies has not changed. He said...
Lodestar announces the mega launch of v1.4.0
3.2.2023
Lodestar has announced the launch of v1.4.0. The update brings several fixes to ensure that it offers security, stability, and the absence of all the vulnerabilities that were publicly reported between 2020 – 2022. Proposed first in November 2021, the mechanism is now ready to be used...