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Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal Inscriptions Near 150,000
[Feb 19, 2023 11:30 AM] As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the…
Zambia Testing Technology to Regulate Cryptocurrency — Government Minister
[Feb 19, 2023 2:00 AM] The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that…
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
[Feb 18, 2023 11:30 PM] On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will…
Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison
[Feb 18, 2023 3:30 PM] A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which…
Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape
[Feb 18, 2023 11:30 AM] The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and…
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
[Feb 17, 2023 6:30 PM] Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter…
NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens
[Feb 17, 2023 11:31 AM] The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle…
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
[Feb 17, 2023 11:00 AM] Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the…
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas
[Feb 17, 2023 2:30 AM] PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the…
Central Bank of Brazil President States Digital Real Pilot Is Imminent
[Feb 17, 2023 1:00 AM] The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that…
CleanSpark Acquires 20,000 Bitcoin Miners For New Facilities
[Feb 16, 2023 4:09 PM] The new miners will contribute to CleanSpark’s ongoing expansion, just as the Bitcoin market ramps up.CleanSpark Inc. has purchased 20,000 brand new Antminer S19j Pro+ units, the latest generation of Bitmain’s bitcoin mining machines, for $43.6…
Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts
[Feb 16, 2023 1:24 PM] It is now up to the governor of Wyoming to put the final stamp of approval on the landmark bill.The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now…
Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond
[Feb 16, 2023 1:00 PM] According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two…
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
[Feb 15, 2023 5:00 PM] The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns…
Bitcoin NFTs Protocol Ordinals Surpasses 100,000 Inscriptions
[Feb 15, 2023 3:41 PM] There are now more than 100,000 pieces of data inscribed directly onto the Bitcoin blockchain.Just five days after reaching 50,000 inscriptions, Bitcoiners using the Ordinals protocol have now inscribed more than 100,000 pieces of data onto the…
Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure
[Feb 15, 2023 3:30 PM] According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow…
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
Web5 App Zion Launches New Version, Raises $6M In Funding Round
[Feb 15, 2023 11:13 AM] Zion’s latest funding round brings the decentralized social platform company’s valuation to $53 million.Miami-based startup Zion has launched a new version of its app providing access to the Web5 decentralized social network, alongside the raising…
Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase
[Feb 15, 2023 9:00 AM] A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former…
Bitcoin Magazine Ukraine Launches First Print Issue
[Feb 15, 2023 8:06 AM] Eastern Europe will soon see its first print publication out of Bitcoin Magazine Ukraine, aimed at enabling freedom through Bitcoin.Bitcoin Magazine Ukraine, the authoritative source of news, expert opinions and various information about the…
UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries
[Feb 15, 2023 1:00 AM] Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its…
El Salvador To Open A Bitcoin Embassy In Texas
[Feb 14, 2023 4:05 PM] A new link between the Central American nation and Texas has been borne out of Bitcoin.After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas.According to a tweet from El Salvador’s Ambassador…
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
[Feb 14, 2023 1:00 PM] Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after…
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
[Feb 14, 2023 9:30 AM] Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US…
UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…
Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App
[Feb 13, 2023 11:30 AM] Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users…