CZ and Binance face new lawsuit, RFK Jr suspends campaign, and more: Hodler’s Digest Aug. 18 – 24

Blockchain’s has surpassed 2^92 double-SHA256 hashes, hitting a new milestone. 701 Total views 27 Total shares With block #632874, which was mined on June 3, the Bitcoin (BTC) blockchain’s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or 4951760157141521099596496896 hashes.Wuille noted that the previous…

Analyst Michaël van de Poppe said that the Terra founder deserves jail, comparing Kwon to fraudster Bernie Madoff, who was jailed after running a Ponzi scheme. 234 Total views 31 Total shares Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members…

The coronavirus pandemic was just the spark that ignited the current global economic meltdown, not its cause, the CEO of Binance says.In a blog post on March 20, Changpeng Zhao, known as “CZ” in cryptocurrency circles, argued that coronavirus had shown that the world’s economy is far too weak.CZ: The economy “should be stronger”Asked whether…

China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include the city of Suzhou. Banks…

The total value locked on Solana has surged, but is this enough to send the SOL price to a new all-time high?

A fresh bullish uptick in Thursday trading sees BTC/USD retake $9,500 for the first time in over two months. Bitcoin (BTC) finally hit $9,500 on May 7, beating expectations and giving traders and investors a real reason to be bullish.Cryptocurrency market daily overview. Source: Coin360BTC knocks on the door of $10,000Data from Cointelegraph Markets and…

The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industry’s leading virtual asset service providers — a term coined by the FATF to describe exchanges, wallets, custodians and even DeFi platforms. But when it comes to crackdowns on cryptocurrency, few places do…

The United States House of Representatives Financial Services Committee has passed a resolution to form the Task Force on Financial Technology, according to a press release by the committee on May 9.The new task force purports to “examine the current legal framework for fintech, how fintech is used in lending and how consumers engage with…

Over $80 million worth of digital assets has been removed from Liquid Global exchange. Kucoin has responded by blacklisting the addresses that received stolen funds. 1962 Total views 85 Total shares Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform.The exchange confirmed the security breach in a…