Crypto Biz: Consolidation ramps up among crypto firms

The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange starting July 1, 2024. 295 Total views 6 Total shares Own this piece of history Collect this article as an NFTLegislation has been introduced in the American state of South Dakota to amend the Uniform Commercial…

According to Bithumb, the Ether that paid a $2.5 million transaction fee ended up in its coffers. According to Bithumb, the 0.55 Ethers (ETH) that incurred a $2.6 million transaction fee ended up in one of the exchange’s wallets.Mistake or money laundering?Earlier today, someone paid 10,668.73 Ethers in gas to move $134 worth of the…

MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James. 1901 Total views 32 Total shares In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin (BTC) that were…

Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

Crypto intelligence firm CipherTrace released a study on Oct. 1 reporting that more than half of the world’s cryptocurrency exchanges had deficient customer identification processes in place against money laundering. On the same day, the United States government announced that it had formally charged BitMex, a top virtual asset service provider, for “failing to implement…

Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem.In an interview with Cointelegraph, Framework Ventures’s co-founder Michael Anderson said that the token’s success may provide an example to follow for other DeFi projects who may start engaging in “yield farming…

Despite complaints of technical difficulties, attendees said that they were pleased with the South Korean electronics company’s willingness to embrace burgeoning technology and focus on sustainability. 409 Total views 5 Total shares Samsung has unveiled its new range of Galaxy S22 premium smartphones at its virtual Samsung 837X space in the Decentraland metaverse.Over 100,000 users…

The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes. 304 Total views 12 Total shares The office of Foreign Assets Control of the U.S. Department of the Treasury announced on June 16 the addition of six Nigerian individuals to the sanctions list for cybercrimes.According to the official announcement, Nnamdi Orson…