Recent reports have indicated that Russian energy firms are gearing up to take action against private crypto miners operating within the country. The Russian Government Expert Council is reportedly set to send new proposals related to mining to the Cabinet. These proposed measures are part of a larger package of crypto laws that aim to
Blockchain
In a surprising turn of events, crypto lender BlockFi has recently announced its plans to close its web platform this month. However, it has also introduced a partnership with Coinbase to facilitate the distribution of funds to its clients. This move comes after BlockFi filed for bankruptcy back in November 2022 following the collapse of
Recently, there have been allegations against Binance regarding market manipulation by DWF Labs, a major market on the trading platform. The Wall Street Journal (WSJ) reported that an employee who uncovered evidence of pump-and-dump schemes and wash trading by “VIP” clients, including DWF Labs, was dismissed by Binance. The investigators recommended removing DWF Labs from
Robinhood Markets, known for its retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The firm’s cryptocurrency arm, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges for securities violations. CEO Vlad Tenev wasted no time in expressing his dissatisfaction
The recent report claiming that only a small fraction of French crypto holders have declared their coins to the state has sparked concern within the government. According to the Ministry of Public Action and Accounts, just 150,000 French residents correctly declared their cryptoassets at the end of the past financial year. This is a stark
The CSOP Plus (CSOP+) tournament series hosted by CoinPoker is making waves in the online poker community with its $25 million in guaranteed prize pools. This event, which runs from May 5-26, is a significant upgrade from the previous CSOP Spring tournament that took place last month. With 14-18 daily events spread out over three
Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, recently highlighted the pressing need for courts to deliver swifter justice to crypto offenders. In an interview with the newspaper Hanguk Kyungjae, Lee expressed concern that cases involving cryptocurrency-related crimes are taking too long to process. He emphasized the importance
Baroness Stowell of Beeston recently sent a letter to the UK Secretary of State expressing her concerns over the government’s inadequate efforts in modernizing copyright laws in the face of advancements in generative AI and large language models (LLMs). She emphasized the need for a stronger stance on addressing copyright issues and ensuring fair competition
In a recent announcement, Bitcoin mining firm Riot Platforms revealed a remarkable net income of $211.8 million for the first quarter of 2024. This represents an astonishing 1,000% increase compared to the same period last year, showcasing the company’s significant growth and success in the cryptocurrency mining industry. Revenue Falls Short of Analyst Estimates Despite
Decentralized finance (DeFi) has been a hot topic in the world of cryptocurrency, with various protocols emerging to offer lending services. However, the recent exploit of Pike Finance’s smart contract has brought attention to the vulnerabilities that exist within the DeFi space. The exploit led to the theft of $1.6 million in funds over a