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Legal Challenges Prompt DCG’s Hire

DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute

Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General. ...

4 months ago

The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.

Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’

Payments firm Block, formerly known as Square, has announced plans to develop a Bitcoin mining system in response to challenges faced by mining operators. In an April 23 blog post, Blo...

4 months ago

Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.

Binance founder should be jailed for 36 months, US prosecutors say

As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO.

4 months ago

The new legislation would impact crypto-asset service providers, like centralized crypto exchanges under MiCA.

EU enacts crypto regulations to combat money laundering

The European Parliament approved new regulations that establish formal due diligence obligations for cryptocurrency companies with the goal of combating money laundering. The new ...

4 months ago

BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside.

BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time

BlackRock iShares Bitcoin Trust (IBIT) has notched its first day of $0 in inflows since Bitcoin exchange-traded funds (ETFs) were introduced in the United States in January. ...

4 months ago

Although transactions surged and fees hit records following the RUNES protocol launch, miners could still struggle with lower fees and steady hashrate after the halving, analysts say.

CryptoQuant says miners maintain pre-halving pace despite upgrade

Despite the recent halving event, which saw the block reward drop from 6.25 BTC to 3.125 BTC, Bitcoin miners are still experiencing heightened daily revenue thanks to a spike...

4 months ago

BitcoinOS released its whitepaper presenting innovative solutions addressing Bitcoin’s scalability and smart contract limitations.

BitcoinOS whitepaper to address Bitcoin limitations

The innovations include BitSNARK technology and Grail Rollup Bridges, facilitating seamless communication and asset movement between Bitcoin (BTC) and other blockchains. Though not exp...

4 months ago

Morgan Stanley is Establishing Safeguards

Morgan Stanley Considers Allowing Brokers to Recommend Spot Bitcoin ETFs to Clients

Morgan Stanley, one of the leading financial institutions, is reportedly exploring the possibility of expanding its sales of Bitcoin exchange-traded funds (ETFs) by allowing its approximately 15...

4 months ago

The New Hampshire duo uses cracking techniques to access lost wallets.

Father-son team says they’ve recovered $6M in lost crypto

When crypto users lose their private keys or get scammed out of their coins by a con artist, they usually cannot recover their funds. In most cases, their crypto is lost forever. But according t...

4 months ago

Regulatory scrutiny is intensifying in the U.K. as Big Tech’s deepening involvement in the AI sector raises concerns over competition and market dominance.

UK regulator scrutinizes Big Tech's role in AI industry

Regulators in the United Kingdom are keeping a watchful eye on the local artificial intelligence (AI) scene as Big Tech companies continue to dominate the space. On April 24, the...

4 months ago