Tag Archives: Blockchain News

As per the Department of Justice, the executive took investors money saying that he would invest in high-yielding altcoins but actually used the money for his personal benefits. On Tuesday, April 11, the US Justice Department announced that a former investment banker who served at JPMorgan and the Deutsche Bank will face up to 20 years of jail term for allegedly committing crypto fraud. The DOJ arrested Rashawn Russell, 27, the registered broker, and shall be arraigned soon in the New...

Some of the major features of the lightning network by Lightspark are its security and reliability. It presents itself as a secure infrastructure for enterprise-grade payments. Bitcoin tech infrastructure company Lightspark has unveiled a lightning platform for businesses. Lightspark was created in 2022 to power payments on the lightning network and has been quiet since its introduction last year. The company was developed to “explore, build and extend the capabilities and utility of...

Aumenta Solutions and MSI’s port infrastructure maintenance project is based on the Ardor blockchain and makes use of augmented reality technology. The TECNIO Centre EASY research group’s Aumenta Solutions, an augmented reality solution provider for industry, engineering and architecture professionals, has partnered with shipping company MSI and blockchain development and maintenance firm Jelurida to transform the port infrastructure maintenance industry. The collaboration will incorporate...

The Chinese tax authority claim Bitmain was issued with a tax violations notice in August last year but has withheld paying individual tax income of about $2.4 million. Bitmain Technologies Ltd., a Beijing-based company that is well known for designing application-specific integrated circuit (ASIC) chips used in Bitcoin mining, has reportedly been fined approximately 25 million Chinese yuan, equal to about $3.7 million, for allegedly failing to pay personal income taxes in China....

Shiba Inu developers have announced that the Metaverse scheme will roll out at the end of 2023 as an “ongoing project”. According to Shiba Inu (SHIB) developers, the project’s planned metaverse will partially open by the end of 2023. Developers added that the ‘partial’ opening is because SHIB’s metaverse might not be fully completed on release. Instead, the upcoming decentralized universe will be an “ongoing project” that will keep onboarding new features and enhancements even after its...

Ripple said that the CBDC project will involve several stages such as identifying the practical application of the CBDC, simulating its circulation, as well as its use under controlled conditions. In an interesting development on Tuesday, April 11, blockchain startup Ripple joined hands with the Central Bank of Montenegro (CBCG) to build a pilot program for the launch of the country’s central bank digital currency (CBDC). So far, Montenegro has been using the Euro as its currency ever...

Korean officials have linked approximately 91.4 billion won, worth about $69 million, in digital assets directly to Do Kwon. South Korea officials continue to grill former Terraform Labs co-founder Kwon Do-Hyung, popularly known as Do Kwon, following his arrest earlier last month in Montenegro as he attempted to flee to Dubai. The collapse of Terra Luna and its algorithmic stablecoin UST led to a loss of over $40 billion from the crypto market. As a result, the entire cryptocurrency...

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on...

Multifaceted trading platform Robinhood will pay the $10 million fine to DFPI following an investigation by NASAA. Robinhood (NASDAQ: HOOD) has reached a $10.2 million settlement with the California Department of Financial Protection and Innovation (DFPI). According to reports, the financial services company is paying the penalty for “operational and technical failures” that harmed investors. The Robinhood settlement follows a probe by the North American Securities Administrators...

The collection features 3,003 NFTs, and is slated to launch on April 14th. An unreleased recording of the late English singer-songwriter, David Bowie, is set to debut as a music NFT. According to a Decrypt report, Gala Music has teamed up with music producer Larry Dvoskin and publisher Warner-Chappell Music to facilitate the launch. Gala Music – a subsidiary of Gala Games – and partners will be releasing an unheard version of Bowie’s 1983 hit song, “Let’s Dance,” via a limited series of...