Paxful co-founder Schaback faces 5 years jail, admits AML failure

July 9, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years.

North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8.Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply…

MEW Founder: ‘The Full Reality of ETH 2.0 Is Still Years Away’

MyEtherWallet’s founder believes ETH 2.0’s beacon chain will launch this year but says the ‘full reality’ is still some way off. Kosala Hemachandra, the founder of MyEtherWallet (MEW), has told Cointelegraph the fully-fledged version of ETH 2.0 is still years away.The first phase of the Ethereum 2.0 upgrade was originally set for Jan 2020 but…

Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin

The Ethereum co-founder said new developments on Bitcoin provide "good" pushback against “laser-eye” maximalists. The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin.Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall…

Memecoin trading simplified: Tesa joins Cointelegraph Accelerator

Tesa, a smart trading agent designed to optimize memecoin trading by enhancing speed, cost efficiency and accessibility, joins the Cointelegraph Accelerator program.

Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

There are several new candidates who could potentially become the next chair of the SEC.

Crypto.com’s Cronos launches $100M accelerator for DeFi and Web3

The Cronos Accelerator Program is backed by $100 million to help crypto projects in seed-pre-seed stages seeking mentorship, funding and growth. 413 Total views 3 Total shares Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse…

Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims

The ongoing Nano saga has taken another twist with a token holder dropping his case. 292 Total views 3 Total shares An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case.The Nano team is after $701,000 in attorney fees and…

On-chain metrics indicate Bitcoin miners’ influence on the price is diminishing

Research suggests that Bitcoin miners are holding less of the asset. 1507 Total views 21 Total shares A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing.The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network…

Russian crypto volume across major exchanges plunges by 50%

Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall. 69 Total views 1 Total shares Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets…

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