Ex-Binance CEO Changpeng Zhao sentenced to four months in prison

The freshly raised capital will go toward expanding Lolli’s BTC online shopping rewards internationally. 1527 Total views 12 Total shares Bitcoin rewards app, Lolli, has announced the close of its pre-series A fundraising round after raising $5 million.The round saw investment from a diverse array of participants, including Seven Seven Six — the venture capital…

Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied. Currently sitting at its 2020-high of $486, Ether rallied 10% today. The spike in network activity is thought to be…

Further details are coming to light following a July 2 attack on cross-chain bridge platform Poly Network, which has resulted in a hacker being able to issue billions of tokens out of thin air for profit.In a July 2 Twitter post, Poly Network confirmed it became the latest DeFi exploit victim after attackers managed to…

Strategic investor Lyn Alden says the 2020 macroeconomic environment is extremely favorable to Bitcoin. 625 Total views 13 Total shares Strategic investor Lyn Alden believes Bitcoin’s growing network effect coupled with favorable macroeconomic factors may bring its market capitalization to $1 trillion in the next few years. Back in 2017, Alden was skeptical toward Bitcoin (BTC),…

The “hung” loans have led to bankers calling it the worst buyout since 2008.

District Judge Robert Kelly refused the request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, to dismiss the U.S. class-action lawsuit against him, industry news outlet Coindesk reports on July 30.Dismissal request rejectedPer the report, Karpeles previously filed for the dismissal of the lawsuit alleging that he has hidden issues at…

Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry.

Bitcoin price reached a new all-time high at $35,776 on Binance on Jan. 6. Following the explosive overnight uptrend of Bitcoin (BTC), on-chain analysts are generally optimistic about the short-term trajectory. While many agree that the rally is beginning to show signs of overheating, it is not overbought just yet.The major catalyst behind Bitcoin’s strong…

On October 18, the U.S. Securities and Exchange Commission (SEC) announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The new arm of the regulator will be focused on fintech-related fields, including, specifically, distributed ledger technology (DLT) and digital assets.What made the SEC create FinHub?The SEC, being an independent federal…