Bitfinex money launderer ‘Razzlekhan’ sentenced to 18 months in prison

Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. 3.15 million bitcoins, 120 yearsAccording to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process. As a result, due to the…

Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble. 852 Total views 7 Total shares Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform.According to a Jan. 12 announcement, Huobi Global now supports deposits and withdrawals in the Russian ruble.…

A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. 3051 Total views 36 Total shares On June 2, a South Korean court ordered a freeze on all the cryptocurrency wallets, securities deposits, and stocks account owned by Cho Ju-bin, the suspected…

In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.

According to researchers, 74% of blockchain energy studies 'do not build upon existing theories.' 285 Total views 8 Total shares According to a new preprint conducted by researchers at the Open Universiteit, University of California Berkley, and Radboud University, the vast majority of literature on blockchain energy use from both academic and everyday sources "lacks…

Dogecoin’s (DOGE) massive rally to $0.45 propelled it to a market capitalization of over $54 billion to make it the fifth most valuable cryptocurrency by market cap. This lofty market cap comes as a surprise to many since the project has no active developers and is only a meme coin, thus the current rally brings back…

YouTube has banned a number of crypto channels recently, often restoring them shortly after. Adam Charles, senior communications manager for DeFi solution, Kava, said he has been working to help these channels get back online. Charles stated that he works with multiple Telegram influencer groups to get these YouTube accounts back up. "We have developed a…

Bitcoin miner ClearSpark has begun the second phase of operations at its mining campus in Washington, in the U.S. state of Georgia, reaching 8.0 exahashes per second (EH/s), halfway to its year-end target of 16.EH/s. The second phase saw an investment of nearly $55 million in the site, including construction, infrastructure and machines. The facility, bought…

Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no bones about this one. It is necessary to wreak…