The recent report claiming that Russian energy firms are preparing to crack down on private crypto miners has raised concerns in the crypto community. The Russian Government Expert Council is reportedly planning to send proposals to the Cabinet to regulate crypto mining activities, legalize industrial mining, and ban most domestic exchanges. These proposed measures and
Blockchain
In a shocking turn of events, crypto lender BlockFi has announced its plans to close its web platform this month. After filing for bankruptcy back in November 2022 following FTX’s collapse, the New Jersey-based firm is now partnering with Coinbase to distribute funds to its clients. CEO Zac Prince has pointed the finger at FTX
Binance found itself embroiled in controversy when allegations emerged regarding market manipulation by DWF Labs, a major player on the trading platform. The Wall Street Journal reported that an employee who uncovered evidence of pump-and-dump schemes and wash trading by DWF Labs was dismissed by Binance. Despite the recommendations of the employee and the market
Robinhood Markets’ recent announcement of its intention to challenge the US Securities and Exchange Commission (SEC) in court marks a bold move in response to allegations of securities violations. CEO Vlad Tenev’s denouncement of the SEC’s actions as an attack on crypto and innovation reveals the firm’s strong stance against what they perceive as a
The recent revelation in a report by the French IT magazine Clubic has shed light on the concerning trend of French crypto holders not declaring their coins to the state. The report indicates that only a small fraction of French residents, specifically 150,000 individuals, correctly declared their cryptoassets at the end of the past financial
In a recent interview with the newspaper Hanguk Kyungjae, Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, emphasized the need for courts to deliver faster justice to crypto offenders. Lee highlighted the current slow pace at which cases related to cryptocurrency crimes are processed, stating that this delay
CoinPoker is hosting the CSOP Plus (CSOP+) tournament series with an impressive $25 million in guaranteed prize pools. This event is a significant upgrade from the previous CSOP Spring and promises to be an exciting three weeks of poker tournament action. The CSOP+ series will run from May 5 to May 26, featuring 14-18 daily
The UK’s House of Lords member, Baroness Stowell of Beeston, recently brought attention to the government’s lack of action in addressing copyright issues and ensuring fair competition within the UK’s AI market. Stowell urged the British government to take a stronger stance on modernizing copyright laws in response to advancements in generative AI and large
The recent announcement of Riot Platforms’ net income of $211.8 million for the first quarter of 2024 is undoubtedly impressive, showcasing a substantial 1,000% increase compared to the same period last year. However, despite this monumental achievement, the company fell short of analyst revenue estimates, indicating potential areas for improvement in its operations and financial
Decentralized finance lending protocol Pike Finance recently fell victim to a smart contract vulnerability that resulted in the theft of $1.6 million in funds over three days. The exploit, which occurred across the Ethereum, Arbitrum, and Optimism chains, was uncovered by on-chain analytics firm CertiK. The attacker took advantage of a vulnerability in Pike Finance’s
