Russian energy firms are gearing up to target private individuals who are mining cryptocurrency at home, according to a recent report. The Russian Government Expert Council is said to be preparing to present new mining-related proposals to the Cabinet, which will be bundled into a set of crypto laws. These laws also include plans to
Blockchain
In a recent announcement, crypto lender BlockFi revealed its plans to shut down its web platform and collaborate with Coinbase to distribute funds to its clients. This decision comes after BlockFi filed for bankruptcy in November 2022 following FTX’s collapse. The CEO of BlockFi, Zac Prince, attributed the company’s bankruptcy to the actions of FTX’s
In a recent report from the Wall Street Journal, allegations were made against Binance regarding market manipulation by DWF Labs, a major player on the trading platform. The report highlighted instances of pump-and-dump schemes and wash trading by “VIP” clients, including $300 million by DWF Labs. Despite recommendations to remove DWF Labs from the platform,
In recent news, Robinhood Markets, a popular retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The company’s crypto division, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges of securities violations. CEO Vlad Tenev expressed his frustration with the
It has come to light that only a small fraction of French cryptocurrency holders have declared their coins to the state, with just 150,000 residents correctly declaring their cryptoassets at the end of the past financial year. This revelation has prompted the Ministry of Public Action and Accounts, along with the nation’s tax bodies, to
CoinPoker’s CSOP Plus (CSOP+) tournament series is a massive event with $25 million in guaranteed prize pools that will be taking place from May 5th to May 26th. This tournament series is an upgrade from the successful CSOP Spring event that occurred last month. The CSOP+ will consist of 14-18 daily events for three weeks,
In a recent interview with the South Korean newspaper Hanguk Kyungjae, Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, highlighted the urgent need for courts to deliver swifter justice to crypto offenders. Lee expressed concern that cases involving cryptocurrency crimes are currently taking too long to process, leading
Recently, Baroness Stowell of Beeston, a member of the UK’s House of Lords, expressed her concerns regarding the need for stronger regulation and oversight in the UK’s AI market competition. In a letter to the UK Secretary of State, she highlighted the government’s lackluster efforts in modernizing copyright laws to keep up with the advancements
In the first quarter of 2024, Bitcoin mining firm Riot Platforms made headlines with a remarkable net income of $211.8 million, representing a staggering 1,000% increase from the previous year. This growth was fueled by a significant surge in Bitcoin prices, driving mining revenue up by 55.4% to $74.6 million. Despite this outstanding performance, Riot
Recently, the decentralized finance (DeFi) lending protocol Pike Finance fell victim to a smart contract vulnerability that resulted in the loss of $1.6 million over three days. The exploit took place on April 30 and impacted the Ethereum, Arbitrum, and Optimism chains. The attacker took advantage of a vulnerability in Pike Finance’s smart contract, allowing