Bitcoin dormant for 5 years or more awakens in new ‘distribution’

Blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material on the darknet. 1728 Total views 45 Total shares New York-based blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material (CSAM) on the darknet.In…

The sports merchandise giant has got cold feet in the shrinking NFT market. 255 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTSports merchandise firm Fanatics is divesting its stake in nonfungible token (NFT) company Candy Digital as confidence in the asset class wanes.On Jan. 4, it was reported…

Lawmakers contend that the Russian government’s intent is to curb illicit financial activity. The Russian Federation has banned anonymous deposits to online wallets in a move that will affect 10 million users across the country. According to lawmakers, this initiative is supposed to curb illegal activity, such as the financing of terrorism and the illegal…

Pavel Durov, founder and CEO of popular messaging app Telegram, has purportedly resumed his charity activity soon after terminating Telegram’s blockchain project.Known for philanthropic activity, including a $1 million donation to Wikipedia, Durov has donated 10 bitcoins (BTC) to a charity project in Russia. The coins are worth around $96,000 at time of publication.Donation will…

Two miners have reportedly executed a 51% attack on the bitcoin cash (BCH) blockchain, according to tweets by Cryptoconomy Podcast host Guy Swann on May 24.A 51% attack occurs when someone controls the majority of mining power on a Proof-of-Work blockchain network. This means that the majority block verifier can prevent other users from mining…

“Avoid Bitcoin like a plague.” 2137 Total views 32 Total shares Micheal O’Leary — the CEO of major budget airline Ryanair — has come out very bearish on Bitcoin (BTC).Recently speaking to The Times, O’Leary likened Bitcoin to a Ponzi scheme and advised investors to avoid it:“I have never, and would never, invest one cent…

Nassim Nicholas Taleb says gold still stands apart as a store of value.

North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC). Under the agreement, 17 former branches of Silicon Valley Bank will open as First Citizens Bank and Trust Company on Monday, March 27, while all depositors of…

Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. 2551 Total views 7 Total shares The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness…