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Senator Warren: Crypto Is The “Payment Of...

April 27, 2024

In a joint effort to combat the illicit trafficking of child sexual abuse material (CSAM), US senators Elizabeth Warren and Bill Cassidy have written a letter to the US Department of Justice (DOJ) and Department of Homeland Security (DHS) expressing concern about the alleged use of crypto to facilitate these activities. Alleged Link Between Crypto And Child Sexual Abuse In the letter, the senators highlight the “pseudonymity” provided by cryptocurrencies, which they say has enabled the rapid movement of...

New Data Reveals Bitcoin Mining May No...

April 27, 2024

New data has revealed that Bitcoin (BTC) mining might no longer be as lucrative as it used to be. Bloomberg has reported that the profitability of Bitcoin mining is nearing a record low, not seen since the days following the collapse of FTX, posing significant challenges for those securing the network. The data indicates that the “hashprice,” a metric that gauges the revenue a miner earns daily for each petahash of computing power, has dipped alarmingly close to its...

Crypto Exchange Predicts That Shiba Inu Will...

April 26, 2024

Global digital currency exchange, Changelly has forecasted a bullish outlook for doggy-themed meme coin, Shiba Inu, predicting a surge to new all-time highs followed by subsequent bearish movements. SHIB Expected To Reach New ATH In May On Wednesday, April 24, Changelly shared a price forecast for Shiba Inu, predicting the future value of the cryptocurrency from May 2024 to the end of 2024. Following its rise to record highs of about $0.00004, Shiba Inu plummeted significantly, dropping by approximately...

Texas Crypto Mining Firm And Co-Founders Face...

April 26, 2024

The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, LLC, a Texas-based crypto mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, over allegations of engaging in unregistered and fraudulent activities. Geosyn’s Alleged Fraud Scheme According to the SEC, Geosyn, Ward, the company’s CEO, and McNutt, the firm’s then-COO, raised approximately $5.6 million from more than 60 investors between November 2021 and December 2022. According to the complaint, Geosyn told investors...

CMT-Certified Crypto Analyst Says Bitcoin Is Still...

April 26, 2024

The direction of where the Bitcoin price could be headed next has been a bone of contention among industry players. Numerous forecasts have been made for the pioneer cryptocurrency, but one crypto analyst maintains that Bitcoin continues to be bullish even through its current choppy movements. Crypto Analyst Predicts Further Upside For Bitcoin Crypto analyst Tony “The Bull” Severino took to X (formerly) Twitter to share their analysis for where they believe the price is headed next. The analyst...

Crisis In Crypto: China’s Leading Blockchain Advocate...

April 26, 2024

Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The Background Of Blockchain Advocacy And The Current Crackdown Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative. Qian’s efforts were instrumental in the conceptualization and rollout of the digital yuan, positioning China at the forefront of digital currency technology on a global stage. The...

Oldest US Bank Invests In 2 Bitcoin...

April 26, 2024

The Bank of New York Mellon Corporation (BNY Mellon), the oldest and one of the largest banks in the United States, has disclosed its investments in Bitcoin Exchange Traded Funds (ETFs). According to its recent Securities and Exchange Commission (SEC) filings, BNY Mellon has acquired stakes in spot BTC ETFs managed by BlackRock and Grayscale. BNY Mellon Bought Bitcoin ETFs Worth $1.2 Million Julian Fahrer, co-founder and CEO of Apollo, highlighted the significance of this move on the social...

Ripple Vs. SEC Lawsuit: Court Gives Regulator...

April 26, 2024

In the latest updates on the court case between Ripple and the United States Securities and Exchange Commission (SEC), the Magistrate Judge Sarah Netburn, has ordered strict deadlines for the regulatory agency to respond to the crypto firm’s motion. Judge Issues New Scheduling Order On Thursday, April 25, the magistrate Judge Netburn issued a new scheduling order regarding the years-long legal battle between Ripple and the US SEC. Former federal prosecutor and defense lawyer, James K. Filan shared details...

Mastercard enhances fintech programmes

April 26, 2024

Mastercard is enhancing the Engage program and Fintech Express platform, making it even easier for fintechs and enablers to partner with Mastercard1 to quickly build and deploy solutions globally. Engage now includes new benefits for partners and a self-service portal that enables fintechs to access exclusive resources, increase brand visibility and secure localized support. As for Fintech Express, Mastercard is introducing an end-to-end experience for card issuance and will be adding applications for Tap on Phone, Mastercard Gateway, QR...

Paystand buys Teampay

April 26, 2024

Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network. The acquisition marks the next step in Paystand’s trajectory towards building an industry-wide decentralized finance (DeFi) network, once considered a pipe dream, capable of connecting buyers and suppliers at scale. This milestone, in combination with...

EU expands AML regulation impacting cryptocurrency compliance

April 26, 2024

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry. The regulation reports to create enhanced due diligence measures and checks on customer’s identity. Obliged entities, such as banks or cryptocurrency asset managers, have to report any suspicious activities to Financial Intelligence Units (FIUs) or other competent authorities. This is an increased level of due diligence on the cryptocurrency industry. FIUs...

LimeWire AI Studio Review 2023: Details, Pricing...

December 13, 2023

In the rapidly advancing landscape of AI technology and innovation, LimeWire emerges as a unique platform in the realm of generative AI tools. This platform not only stands out from the multitude of existing AI tools but also brings a fresh approach to content generation. LimeWire not only empowers users to create AI content but also provides creators with creative ways to share and monetize their creations. As we explore LimeWire, our aim is to uncover its features,...

Satoshi-era Bitcoin awakens: 1,005 BTC mined in...

August 16, 2023

1,005 BTC, valued at $29 million, has been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements. News <!–> –><!–> Join us on social networks –> A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions. Speaking exclusively to Cointelegraph, Kirill Kretov — a blockchain researcher, developer and cryptocurrency trader — weighed...

Here’s what happened in crypto today

August 16, 2023

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Recap <!–> –><!–> Join us on social networks –> Coinbase is preparing to roll out cryptocurrency futures trading for institutional investors in the United States after winning approval from the NFA. Meanwhile, crypto miners in the United States have a new lobbying group aiming to dispel misconceptions about the industry’s sustainability,...

Banning ransomware payments: An attractive but dangerous...

August 16, 2023

A successful cyberattack on critical infrastructure — such as electricity grids, transportation networks or healthcare systems — could cause severe disruption and put lives at risk. Our understanding of the threat is far from complete since organizations have historically not been required to report data breaches, but attacks are on the rise according to the Privacy Rights Clearinghouse. A recent rule from the United States Securities and Exchange Commission should help clarify matters further by now requiring that organizations...

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