A Dutch court has sentenced Alexey Pertsev, a developer involved with Tornado Cash, to 64 months in prison. He was convicted of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and August 10, 2022. Pertsev’s legal team has a 14-day window to appeal the …
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State of Wisconsin Investment Board reveals $163 million in spot bitcoin ETFs
by MK Manoylovby MK ManoylovThe State of Wisconsin Investment Board revealed in a Tuesday 13F filing that it held nearly $100 million of the iShares Bitcoin Trust, the spot bitcoin exchange-traded fund out of the investment manager BlackRock, at the end of the first quarter of 2024. The Board owned 2,450,400 shares of the …
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JPM Coin to act as settlement mechanism for Broadridge’s Distributed Ledger Repo platform
by MK Manoylovby MK Manoylov–> Onyx, the blockchain business arm of JP Morgan, is partnering with fintech company Broadridge to bring the web3 payment system JPM Coin onto one of Broadridge’s repo platforms. As part of the deal, Onyx’s JPM Coin will act as the settlement mechanism for Broadridge’s Distributed Ledger Repo platform, which …
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Bitcoin’s 22% correction from all-time highs has led AVAX to trade near the critical $30 support level, instilling fear among holders. Curious about the reasons behind this behavior? Let’s examine the details. AVAX Is Trading Just Above a Critical Support Level The chart below shows Avalanche’s price action in the …
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This move shows Tether’s commitment to its stablecoin’s integrity amid scrutiny and security challenges. MistTrack, a crypto-tracking platform by SlowMist, spotted the activities. It reported that Tether had frozen the USDT funds across 12 addresses. SlowMist’s Chief Information and Security Officer, 23pds, also confirmed the freeze. “It looks like Tether …
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–> The GME memecoin, which borrows GameStop’s stock ticker but has no official affiliation with the company, traded more than 460% higher on Tuesday, according to Coingecko data. The memecoin’s significant gains come after GameStop stock posted a triple-digit rally after Keith Gill’s @TheRoaringKitty posted on X for the first …
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ZK project Hylé raises $2.6 million in funding round led by Framework Ventures
by MK Manoylovby MK Manoylov–> UPDATED: May 14, 2024, 9:40AM EDT Zero-knowledge project Hylé raised $2.6 million in fresh financing led by the venture firm Framework Ventures. Cherry Crypto, Fabric Ventures, First Capital and Heartcore Capital also participated in the round. Hylé’s total initial funding to date is $3.4 million, with an additional $1.5 …
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Tether and RAK DAO Join Forces to Boost Bitcoin and Stablecoin Education in UAE
by Qadir AKby Qadir AKAmid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a …
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Japanese are known to be rooted in traditions, however, they are welcoming when it comes to technological advancements. They play a very important role in cryptography. They were the first ones to recognize the potential of a digital decentralized world and begin mining Bitcoin. Japan has emerged as the crypto …
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A spike in network fees briefly eased their strain. Yet, declining transaction fees are now increasing financial pressure. Post-Halving Pressures Mount for Bitcoin Miners Amid Declining Fees Kaiko Research recently reported a surge in daily average network fees after the halving. This surge helped Bitcoin miners offset some discomfort, albeit …