Author: James Wilson

Article written by James Wilson

A judge orders a fraudster to pay over $36 million in fines and restitution

September 23, 2024 1 min read

A federal judge has mandated that William Koo Ichioka pay more than $36 million in fines and restitution for his involvement in a fraudulent crypto and forex operation. The U.S. Commodity Futures Trading Commission (CFTC) issued the order on September 20. Ichioka was mandated to remit $31 million in restitution and a $5 million civil penalty. He was prohibited from trading in CFTC-regulated markets and from registering with the CFTC.

Ethereum transaction fees spike, despite a drop in active accounts

September 23, 2024 1 min read

Ethereum transaction fees have risen markedly in recent weeks, even as the number of active accounts on the network has fallen to its lowest point this year. The average transaction charge has decreased to its lowest level since 2020, falling below $1. Nonetheless, the seven-day moving average transaction charge surged markedly, attaining $3.52 on September 21, about three times its value at the beginning of the month. This surge resulted

A wallet associated with Ethereum co-founder Vitalik Buterin moves $3,170,000 in Ethereum (ETH)

September 21, 2024 1 min read

Ethereum co-founder Vitalik Buterin has made significant ETH transfers, causing speculation in the crypto community. The wallet “0xD04daa” transferred 1,300 ETH, valued at around $3.17 million, to an external address labeled “0x5567A,” which was triggered by the 6.3% increase in Ethereum’s price. The move has sparked speculation about potential profit-taking motives. Shortly after receiving the funds, the wallet “0x5567A” transferred 74.17 ETH, valued at approximately $181,000, to Paxos, a well-known

Bhutan amasses $780 million in Bitcoin through eco-friendly mining

September 17, 2024 1 min read

Bhutan, a small Himalayan monarchy, has emerged as a prominent player in the cryptocurrency world, with 13,011 Bitcoin (BTC) worth around $780 million, according to Arkham Intelligence. Bhutan’s Bitcoin reserves are unique in that they are the outcome of large mining operations, as opposed to other governments’ Bitcoin assets, which are frequently derived from seized monies. Bhutan’s Bitcoin mining is being driven by Druk Holdings & Investments (DHI), the country’s

Sui Becomes Official Blockchain Partner for ONE Championship

September 17, 2024 3 mins read

The world’s largest martial arts organization will leverage Sui’s technology for its products and highly anticipated mobile game ONE Fight Arena built in partnership with Animoca Brands Sui, a cutting-edge Layer 1 blockchain, today announced it will be the official blockchain partner of ONE Championship (“ONE”), the world’s largest martial arts organization. ONE events represent the full spectrum of martial arts, with world-class athletes from more than 80 countries competing across MMA,

Marathon Digital adds over 5,000 BTC to its holdings in the last month

September 16, 2024 1 min read

Marathon Digital Holdings (MARA), a prominent Bitcoin mining enterprise, has augmented its Bitcoin reserves to 26,200 BTC, approximately valued at $1.5 billion. The corporation acquired more than 4,144 BTC on August 14, increasing its reserves to over 25,000 BTC. As of the end of August, MARA’s Bitcoin holdings totaled 25,945 BTC. MARA adheres to a “HODL” strategy, retaining all mined BTC and intends to execute periodic acquisitions. This has established

Russia permits crypto for foreign trade, with regulations expected by November

September 14, 2024 1 min read

The Russian Central Bank and the Ministry of Finance are developing legislation that will govern cross-border crypto payments. The administration plans to finalize these regulations by the end of November. The crypto payment method will first be implemented under an experimental legal regime (EPR), with only a few players, such as credit institutions and banks. This stepwise strategy tries to reduce risks and set policies to keep the market safe

Ethereum co-founder Vitalik Buterin clarifies recent ETH sales

September 14, 2024 1 min read

Ethereum co-founder Vitalik Buterin has been in the news due to repeated ETH sales from a wallet linked to him, totaling 950 ETH. Buterin made major ETH transfers to a multi-sig wallet in August, raising concerns among investors who anticipated that Ethereum’s market value might fall further. The multi-sig wallet subsequently swapped 190 ETH for USDC, prompting widespread condemnation from the community. Some accused Buterin of “dumping” ETH while keeping

The US SEC collects over $4.68 billion in crypto fines during 2024

September 10, 2024 1 min read

In 2024, the US Securities and Exchange Commission (SEC) has imposed $4.68 billion in fines on the crypto sector, representing a 3,018% rise from the prior year. This signifies a transition towards impactful enforcement measures in the cryptocurrency sector, focusing on cases that establish important precedents for the industry. The SEC asserts that these penalties are integral to its comprehensive initiatives to enforce compliance, safeguard investors, and promote transparency in

Quant (QNT) rises by over 17% in the past week, reaching its highest point since August 24

September 9, 2024 1 min read

Quant (QNT), a cryptocurrency facilitating interoperability, has witnessed a 12% price surge, attaining its peak since August 24. This occurs during a downturn in significant assets such as Bitcoin and Ethereum, which have experienced substantial declines. On-chain data indicates a positive divergence between QNT price and Daily Active Addresses, implying that increased accumulation frequently results in price recoveries. Analysts observe that prominent addresses, or whales, have commenced the accumulation of

VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024

September 7, 2024 1 min read

VanEck plans to terminate its Ethereum Strategy ETF (EFUT) by September 16, 2024, and expects to complete the liquidation process by September 23. EFUT, which was introduced in October 2023, has faced challenges in terms of limited growth in assets and performance when compared to VanEck’s more prosperous spot Ethereum ETF (ETHV). VanEck’s decision to liquidate EFUT is in line with its continuous evaluation of criteria such as performance, liquidity,

Dogwifhat (WIF) drops to around $1.58 in the past few days

September 5, 2024 1 min read

Dogwifhat (WIF) has attracted attention and criticism for its high volatility and substantial price variations. WIF is now being traded at a price of $1.59, showing a fall of 1.97%. Its market value is around $1.59 billion. Over the past week, WIF has witnessed a 10% decline in its price, indicating pessimistic sentiment in the cryptocurrency market. The price chart of the currency indicates a notable level of resistance at