Crypto news

Federal agents have arrested Charles Riley Constant, an owner of digital currency ATMs under the Coindawg name. At the time of writing, he has been charged with money laundering, and he’s been accused of stealing COVID pandemic-based loans and converting them to BTC and other forms of crypto to hide them from prying eyes. Charles Constant Is Facing Money Laundering Charges Money laundering has long been a serious problem in the crypto space. As of late, we have received...

A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S. has ever considered such a case. The Supreme Court Is Examining a Coinbase Suit The plaintiff is a man who was, at one point, a customer of Coinbase. It’s alleged the man gave a scammer (who was pretending to be a representative of PayPal) remote access to his Coinbase account. This...

After a turbulent 2022 owing to macroeconomic headwinds, Solana’s performance improved substantially in the first quarter of the year. Data suggested that its market cap increased by more than 118% QoQ along with the broader market. Furthermore, numerous ecosystem developments fueled fee payer and transaction activity during Q1. Solana’s Performance in Q1 Solana’s network outages previously sparked conversations around potential insolvency. But its performance stabilized...

Bitcoin has shown the world just how resilient it can be. Not long ago, the Federal Reserve decided to raise interest rates by another 0.25 basis points. Under normal circumstances, the price of bitcoin would fall, and this time around was no exception as the world’s number one digital currency by market cap dropped from $28K to $26K. Bitcoin Is Still Alive and Kicking However, things didn’t stay there long, and just a day or so later, BTC was back at $28,000 per unit,...

Binance CEO, Changpeng “CZ” Zhao is rich; well, mega-rich. But he’s just not as rich as Bloomberg thinks, at least, he said so. But even though he is one of the richest men in the world, he is far from reaching the wealth of other tech industry billionaires, contrary to Bloomberg’s inaccurate assertions. On April 27, the CEO of Binance, the world’s largest cryptocurrency exchange, stated that his fortune is nowhere near the $28.2 billion claimed by Bloomberg in its report on...

Bitcoin has finally calmed after the massive volatility mid-week and stands just above $29,000. The altcoins are also sitting quietly today, with Solana being the only notable gainer from the larger caps. BTC Maintains $29K This past working week started rather calmly, as bitcoin continued trading sideways in a tight range of around $27,500. The landscape changed on Tuesday when the bulls initiated a massive leg-up that ultimately drove the cryptocurrency to $30,000. However,...

Crypto-supportive Republican policymakers Patrick McHenry and Cynthia Lummis provided the latest updates on digital asset legislation at Consensus 2023 – and they’re highly optimistic.  The former believes President Biden will have signed the first bill into law directly forming rules around cryptocurrency within the next 12 months.  Progress on the Lummis Bill During their panel discussion on Friday, Lummis began by clarifying that the next installment of her digital asset...

Stacks CEO Muneeb Ali spoke at Consensus 2023 on Friday about Bitcoin’s potential as a settlement layer, and the revival of developer culture within the community. Ali noted how a small, specific change to Bitcoin’s base layer could unlock a vast array of applications that can be built via layer 2 technology.  According to the developer, Bitcoin requires “very little modification” at its base layer to enable true “ZK rollups” – a layer two scaling solution for batching...

The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year.  This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues.  Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to local customers after June 2023.  The crypto giant acquired SEBC in November last year for an undisclosed sum to strengthen its...

Former NSA contractor Edward Snowden spoke at Consensus 2023 regarding the latest developments in artificial intelligence, and how it could be leveraged for both human flourishing and greater surveillance.  Snowden called out OpenAI’s “cruel joke” in branding itself with the name that it chose, given that it won’t provide open access to its training data. He said that Stable Diffusion is guilty of similar activity, deliberately crippling its training set from version 1.5 to...