Genesis Digital Assets Limited (GDA) has collaborated with YPF Luz

Argentina taps stranded gas for pioneering Bitcoin mining facility

Genesis Digital Assets Limited (GDA), a prominent global leader in Bitcoin mining, has collaborated with YPF Luz, a subsidiary of Argentina’s state-owned energy firm YPF, to establish an exceptional Bitcoin mining facility. This plant utilizes oil field gas that is generated during drilling but remains unused due to economic or logistical constraints. This initiative, located near Rincón de Los Sauces, within the Neuquén Province, utilizes waste materials to generate electrical

Ethereum Improvement Proposal (EIP-7702) by Vitalik Buterin seeks to address conflicts related to account abstraction in upcoming revisions.

Vitalik Buterin introduces EIP-7702 to streamline Ethereum’s approach to smart contract wallets

Ethereum Improvement Proposal (EIP-7702) by Vitalik Buterin seeks to address conflicts related to account abstraction in upcoming revisions. This proposal pertains to Ethereum’s upcoming significant update, Prague-Electra, also known as “Pectra,” which has sparked controversy due to EIP-3074. Developers debated the implementation of EIP-3074 and its approach to account abstraction, a functionality intended to enhance the user experience on the Ethereum platform. While the practicality of it was acknowledged, there

Binance founder CZ Zhao faces up to 3 years in prison as the company's growth soars

Binance founder CZ Zhao faces up to 3 years in prison as the company’s growth soars

The sentencing of Binance founder Changpeng Zhao, known as CZ, was scheduled for Tuesday, April 30th. In November of last year, he confessed to breaching U.S. anti-money laundering laws. The duration of his sentence is likely to be three years. Prosecutors are seeking a severe sentence due to Zhao’s inadequate adherence to regulations. Zhao is well-known for advocating the idea of “seeking forgiveness rather than permission.” Zhao has the potential

Coinbase was sued on May 5 in the Northern District of California for misrepresenting digital assets as securities.

Coinbase faces lawsuit claiming it misrepresented crypto as non-securities

Six customers have sued Coinbase Global, CEO Brian Armstrong, and two companies in a class-action complaint. The plaintiffs are requesting that state securities laws regulate Solana (SOL), Polygon (MATIC), and other cryptocurrencies as “investment contracts.” Despite Coinbase’s denials, the complaint claims that its user agreement refers to it as a “Securities Broker.” The plaintiffs contend that by making false promises, Coinbase “knowingly and intentionally” violates securities laws. They demand statutory

XRP and Uniswap see a sharp rise in users

XRP and Uniswap see a sharp rise in users, signaling a growing crypto market appeal

Over six months, XRP’s active wallets rose 7% to 5.2 million. This rise shows XRP is becoming a mainstream financial instrument for more investors. The XRP Ledger shows 59.77 billion XRP kept across various wallets, with virtually all retaining some balance, suggesting strong user holding. In one year, Uniswap’s addresses grew 140% from 3.03 million to 7.26 million. After crossing $2 trillion in trade volume in April, Uniswap strengthened its

DOJ seeks to extradite Roger Ver to the US in order to prosecute him for evading $50 million in taxes.

This Bitcoin investor faces extradition after Spain arrest for alleged $50M tax evasion

Roger Ver, a Bitcoin investor, was apprehended in Spain for tax evasion, as stated by the U.S. Department of Justice. The Department of Justice (DOJ) seeks to extradite Ver to the United States in order to prosecute him for evading $50 million in taxes. After acquiring citizenship in St. Kitts and Nevis in 2014, the user operated MemoryDealers.com and Agilestar.com. According to the DOJ, he is accused of not paying

A US Senator opposes Biden's strict crypto rules

A US Senator opposes Biden’s strict crypto rules, demands clearer regulations

Despite worldwide regulatory demands, Senator Cynthia Lummis opposes the Biden administration’s strict bitcoin rules. Lummis, a proponent of Bitcoin and cryptocurrencies, lambasted the U.S. government’s severe position, notably the DOJ’s forceful designation of non-custodial software as a money transportation business. Lummis thinks this categorization violates Treasury principles and basic logic, violating American property rights. She strongly opposes the administration’s attitude to Bitcoin and decentralized finance (DeFi) concepts and defends people’

MicroStrategy

MicroStrategy unveils ‘Orange,’ a Bitcoin-driven ID system, boosting digital security

MicroStrategy has developed a new decentralized identity system called ‘MicroStrategy Orange’. During the ‘Bitcoin For Corporations’ conference on May 1, executive chairman Michael Saylor made the announcement. This method involves directly incorporating data into Bitcoin’s transaction outputs via a unique kind of Ordinals inscription, as opposed to existing identifying methods that rely on networks or sidechains. Saylor said that Orange has the capacity to process a maximum of 10,000 decentralized

Russia will severely ban crypto on September 1

Russia will enforce strict crypto rules starting on September 1

Russia will severely ban crypto on September 1, but miners and Central Bank projects will be exempt. In the face of global tensions, State Duma Financial Market Committee member Anatoly Aksakov leads this endeavor to support the ruble and govern the crypto industry. The new rule would restrict crypto usage to Russian-issued coins like digital rubles. Since cryptocurrencies are replacing the ruble in several economic sectors, Aksakov said this action

Solana experiences high volatility, including large transaction failures and scam projects

Solana experiences high volatility, including large transaction failures and scam projects

Solana (SOL) is experiencing praise and critique as it experiences extreme highs and lows. Despite successes, the ecosystem faces hurdles and constant inspection, bringing acclaim and criticism. Despite Solana’s $2 billion trading volume in April, the network had a 72% transaction failure rate, worrying investors and experts. A new meme currency dubbed CoolCoin (COOL) has joined the fray, only to be affected by fraud. Lookonchain, an on-chain analytics startup, reports

BlackRock's iShares Bitcoin Trust saw substantial inflows of $73.4 million

BlackRock’s IBIT ETF draws $73.4M as Bitcoin market faces downturn and outflows

On April 15, BlackRock’s iShares Bitcoin Trust (IBIT) saw substantial inflows of $73.4 million, whilst Grayscale’s Bitcoin Trust (GBTC) encountered notable withdrawals, leading to a net outflow of $110 million from worldwide Bitcoin investment products. Market volatility has been influenced by geopolitical concerns and the impending Bitcoin halving. The conditional licensing of spot crypto ETFs in Hong Kong has the potential to attract some $25 billion from mainland Chinese investors,

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market

Hong Kong has granted approval for its inaugural Bitcoin exchange-traded fund (ETF), representing a notable milestone in the realm of crypto. The Bitcoin ETF, overseen by China Asset Management (Hong Kong) in partnership with OSL Digital Securities and BOC International Prudential Trusteeship, provides investors with a direct opportunity to profit from the price of Bitcoin. Furthermore, this strengthens Hong Kong’s appeal as a prominent center for crypto trading and investment.

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