The government of Paraguay has taken a firm stance against illegal Bitcoin mining by proposing a bill that would jail offenders for up to 10 years. The presidential spokesperson, Paula Carro, announced the urgency of the bill and emphasized the need to punish illegal miners with hefty prison sentences. The draft law also includes provisions
Blockchain
The global cryptocurrency market capitalization has experienced a slight decline of 0.6% in the past 24 hours, bringing it to $2.49 trillion. Despite this overall decrease, there have been some notable fluctuations among the top 100 coins by market cap. Stacks (STX) saw the largest drop, falling by 9% to $1.97, while BONK followed with
Reddit’s stock rose by 13.5% following the announcement of a data-sharing deal with OpenAI, the brains behind the AI chatbot ChatGPT. This collaboration will grant OpenAI access to Reddit’s data API, enabling real-time content retrieval from posts on the platform. The partnership aims to enhance user engagement and introduce new AI-powered features to the Reddit
The Shiba Inu ecosystem has recently witnessed a groundbreaking transition as ShibaSwap, its decentralized exchange, has successfully migrated to the Shibarium blockchain. This move signifies a momentous milestone for the Shiba Inu community, as it signifies the transformation of ShibaSwap into a versatile, multi-chain decentralized exchange operating on both Shibarium and Ethereum. With its upgrade
Recently, two South Korean police officers have found themselves in the middle of an alleged bribery scandal surrounding a high-profile crypto fraud case. The trial, which began on May 14 at the Gwangju District Court’s Criminal Division, involves a 59-year-old superintendent police officer referred to as “A” and a 57-year-old police lieutenant identified as “B.”
Huobi Global (HGBL) Hong Kong Limited recently made the decision to pull its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC). This marks the second time that Huobi HK has withdrawn its application, raising significant questions about the company’s future in the region. The withdrawal came just two months
Audrey Ou, the CEO and co-founder of TRLab, is a trailblazer in the world of digital art and Non-Fungible Tokens (NFTs). With an impressive educational background from Princeton University and Columbia University, Ou is leading TRLab to explore the intersection of fine art and technology. Growing up in the art world due to her parents’
Bitfarms made headlines recently when its CEO, Geoffrey Morphy, filed a $27 million lawsuit against the company. This led to his ousting from the company, with the Chairman and co-founder, Nicolas Bonta, stepping in as the interim President and CEO. Bitfarms has stated that they believe the claims to be without merit and are prepared
President Joe Biden’s strict cryptocurrency policies have raised concerns among the crypto community. Uniswap founder Hayden Adams recently warned about the potential consequences that President Biden and his administration could face at the November polls. Many experts, including billionaires like Mark Cuban, have criticized Biden’s anti-crypto stance, suggesting that it could jeopardize his chances of
Franklin Templeton CEO Jenny Johnson, a prominent figure in the finance industry, has expressed her enthusiasm for blockchain technology. In an interview with Bloomberg, Johnson highlighted the potential for exchange-traded funds (ETFs) and mutual funds to be integrated into the blockchain. She emphasized the cost-efficiency and effectiveness of utilizing blockchain technology in asset management. With