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Former Minnesota Vikings Co-Owner Slapped With 75 Month Jail Term for Processing $750M Worth of Crypto Transactions
7.6.2023
U.S. Attorney’s Office for the Southern District of New York announced on June 5 that the former co-owner of Minnesota Vikings, Reginald Fowler, has been sentenced to 75 months in prison for processing more than $700 million of unregulated transactions on behalf of crypto exchanges. Folwer...
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
Bitcoin Life Insurance Startup Raises $19M in Seed Rounds Led by Sam Altman and Gradient Ventures
7.6.2023
Meanwhile, a life insurance company that uses bitcoin, has accumulated $19 million through two seed funding rounds. The first round was led by Openai CEO Sam Altman and former Stripe executive Lachy Groom, while Google’s Gradient Ventures took charge of the second round. Crypto Startup...
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
7.6.2023
Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than...
Openai Boss Sam Altman Claims He’s Not Involved in Worldcoin’s Day-to-Day Operations at All
6.6.2023
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv...
Is it Too Late to Buy Pepe Coin? PEPE Coin Price Plummets 15% in 7 Days as Launchpad Approaches $1 Million
6.6.2023
Despite an incredible surge of over 50,000% between April 15 and May 5, Pepe Coin (PEPE) is experiencing a significant decline of more than 60% from its peak, with 15% of the drop occurring in the past week.
Uncertainty looms over the meme coin's future potential, causing market participants...
Former Minnesota Vikings Co-Owner Convicted in $700 Million Cryptocurrency Scam
6.6.2023
The Manhattan federal court has convicted the former co-owner of the Minnesota Vikings, Reginald Fowler, for a $700 million crypto scam.
Washington Post reported that Fowler, aged 64, defrauded the Alliance of American Football (AAF), a now-shut-down professional football league, in a fraudulent...
Unigrid Secures $25M Investment Commitment from GEM Digital, Partners WeSendit, Targets Cloud Giants
6.6.2023
PRESS RELEASE. June 6th, 2023: Unigrid, a pioneering force in the development of a decentralized and anonymous Internet, is excited to announce a significant milestone, a new strategic partnership, and an ambitious market positioning. Unigrid has recently secured a $25 million investment commitment...
Binance Sees $700 Million in Ethereum Outflows Amid SEC Charges, Highest Since March Crypto Crisis
6.6.2023
The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
The news of the outflows was shared by on-chain analysis platform Nansen...
Microsoft Fined $20 Million For 'Illegally' Collecting Children's Information On Xbox
6.6.2023
The Federal Trade Commission just announced that Microsoft has been fined $20 million “over charges it illegally collected personal information from children who signed up for its Xbox gaming system without their parents’ consent”.Read more
Atomic Wallet Hack: Team Claims No Assets Have Been Lost in More Than 40 Hours
6.6.2023
The Atomic Wallet team claimed on June 4 that the hacking incident in which digital assets worth nearly $35 million were stolen has only affected less than 1% of its monthly active users. The team also promised to report “victim addresses to major exchanges & blockchain analytics to trace...
Russian Official Under Fire for Allegedly Accepting $28 Million Bitcoin Bribe
5.6.2023
The local media outlet, Kommersant, reported details of the highest bribery case in recent years, where an officer received a bribe worth millions of dollars in Bitcoin.
The Investigative Committee of the Russian Federation and the Prosecutor General's Office discovered the bribery incident....
Wall Street Memes Crypto Raises $4 Million in Just 10 Days – Secure Your Spot Before the Next Pepe Coin Sells Out
5.6.2023
Monday June 5th 2023 – Hotly anticipated meme coin Wall Street Memes ($WSM) has raised $4m from buyers in the space of just 10 days. As of the time of writing $4,057,875 has been raised in the ongoing presale.
Currently priced at $0.0271, the next price step – Stage 9 – kicks in when the raise...
Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know
4.6.2023
Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network.
Over a period of two days, Celsius transferred ETH into staking contracts after redeeming nearly $813...
While Markets Consolidate, Value of Bitcoin’s BRC20 Token Economy Has Risen Over 1,500% in 39 Days
3.6.2023
During the past week, while bitcoin has been less volatile, the BRC20 token economy has been coasting along just below the $500 million range, and today it stands at $475.05 million. Statistics show that BRC20s have increased in value significantly over the past 39 days, rising 1,511% from a total...
yPredict Raises $2 Million for Making AI Crypto Trading Easy – 100x Potential in 2023?
2.6.2023
In the ever-expanding arena of crypto markets, the rules of the game have evolved beyond recognition - no longer does longevity in the market guarantee dominance or gains.
Today, the winners are those who ride the crest of innovation, adeptly navigating the shifting tides of a rapidly changing...
Is it Too Late to Buy Cardano? ADA Price Spikes Up 2% in 7 Days While Eco Friendly Crypto Ecoterra Surges Past $4.6 Million
2.6.2023
Crypto markets appear to be witnessing growing interest in eco-friendly cryptocurrencies this week, as analysts speculate about an emerging 'Green Crypto' breakout narrative.
Leading the pack is 7th ranked cryptocurrency Cardano (ADA) - posited as the first carbon neutral blockchain following...
Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed
2.6.2023
Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the respective legislation once again. Russian Crypto...
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners
1.6.2023
On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per second (EH/s). Acquisition to Boost Cleanspark’s...
Tribe Capital Launches $100 Million Crypto Fund Targeting Layer 1, 2, and DeFi Projects – Bull Market Back?
1.6.2023
Venture capital firm, Tribe Capital, has launched a new crypto fund to raise $100 million.
The tribe plans to channel the funds into early-stage layer 1 and 2 ecosystems and DeFi projects.
The San Francisco-based company with $1.6 billion in assets under management will invest $500,000-$3 million...