The recent transfer of former Binance CEO Changpeng ‘CZ’ Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among X users. Many mistakenly believed that this transfer meant he had been released when, in fact, CZ remains incarcerated. The RRM Long Beach facility is classified as a
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Kraken, a popular cryptocurrency exchange, recently faced a setback in court as a US federal judge denied its request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC claims that
The Pi Network, a project that introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices, has been surrounded by controversy within the crypto space. While it aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) instead of the traditional Proof-of-Work (PoW) consensus algorithm,
Cardano (ADA) has seen a significant price surge in the last seven days, gaining over 14% during this period. However, despite these gains, on-chain data suggests that investors may be preparing to sell off their holdings. The recent price surge has led to over 12% of Cardano’s supply being in profits, indicating that investors who
The FBI recently made headlines with a groundbreaking decision to employ Non-Fungible Tokens (NFTs) in the return of $1.14 million to victims of the CluCoin fraud. This marks a significant departure from traditional methods of victim outreach and restitution in cases of cybercrime. By leveraging the unique properties of NFTs, law enforcement agencies are pioneering
As August comes to an end, Bitcoin investors are reflecting on a rollercoaster month filled with highs and lows. The month started on a positive note, but quickly took a turn as the Bitcoin price experienced a 30% crash in the first week, leading to a market-wide downturn impacting altcoins as well. Although there has
In recent times, there has been a noticeable shift in the Layer 2 network sector, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. IntoTheBlock’s latest research indicates that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This substantial growth
In the ever-volatile world of cryptocurrency, bitcoin made a strong comeback after a recent slip. Over the past 12 hours, it soared to a weekly high of nearly $62,000, leaving investors and traders with renewed optimism. While some altcoins like TRX and TON remained stagnant, others such as LINK, UNI, MATIC, and more experienced significant
The Indian government has shown a strong commitment to establishing a regulatory framework for the digital currency sector. This initiative follows Finance Minister Nirmala Sitharaman’s statement in October 2023, where she highlighted the consensus reached by G20 nations on the need for unified crypto regulation. The upcoming release of a consultation paper marks the first
Coinbase, a major crypto exchange, recently declared its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange revealed its intention to start migrating the Polygon ticker from MATIC to POL on August 26. This migration process will be completed over the next
The recent fluctuations in the Bitcoin market inventory have been a cause for concern for many traders and analysts. Technical analyst Willy Woo highlighted that the market had been bearish due to significant inflows of BTC from various sources, including government sales and Mt. Gox distributions. This influx of Bitcoin led to an increase in
The world of cryptocurrency has seen its fair share of ups and downs over the years, with Bitcoin price experiencing multiple bull and bear cycles. Crypto analysts often turn to historical performance data to predict the future of the coin. Recently, market expert PlanB has made waves by pointing to past cycle performances that indicate
In a groundbreaking partnership, Aethir and Return Entertainment have joined forces to bring cloud-based gaming experiences into the comfort of your living room. By combining Aethir’s enterprise-grade GPU services with Return Entertainment’s innovative streaming platform, this collaboration aims to offer cinematic, scalable gaming adventures on your TV. Not only does this collaboration cater to gamers,
Ronaldo’s journey into the world of cryptocurrency began with a spark of curiosity that evolved into a deep passion for understanding the intricacies of this groundbreaking technology. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the nascent and ever-evolving industry. One of Ronaldo’s defining areas of