BlockFi, a platform that lends cryptocurrency, has been directed by the court to transfer funds related to a $575 million fraud. The court-appointed prosecutor, who filed a complaint against BlockFi in March, issued the order. The prosecutor alleged that BlockFi’s platform was used to transfer and hide funds in the fraudulent scheme. About the Accusations According to the accusation, individuals …
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Coinbase, the leading cryptocurrency exchange in the US, has launched a TV ad campaign to clarify the importance of cryptocurrency to the country. According to Brian Armstrong, the CEO of Coinbase, the campaign, named “Crypto: Moving America Forward,” aims to explain why cryptocurrency is the top technology for upgrading the economic system of America. The advertising campaign includes television advertisements, …
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In a recent article, Vitalik Buterin, one of the co-founders of Ethereum, has warned against overloading the Ethereum consensus mechanism. He stressed the significance of preserving Ethereum’s simplistic approach to consensus and avoiding adding unnecessary responsibilities for validators. Buterin has highlighted the potential risks of leveraging the Ethereum validator set and social consensus for anything other than the core Ethereum …
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Recent research spearheaded by Uniswap Labs has spotlighted the complexity of decentralized finance (DeFi) as a significant barrier to the involvement of retail cryptocurrency enthusiasts. Based on the responses from 1,860 U.S. retail users, the study highlighted the intricate and often confusing aspects of DeFi, which discourage users from engaging with on-chain services like Uniswap. Survey Unveils Deterring Factors for …
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Apple’s soon-to-be-released mixed-reality headset is anticipated to have a significant impact on the metaverse and its associated tokens. According to a report from Apple’s product analyst, Mark Gurhman, the tech giant’s latest headset is set to hit the market on June 5, marking its first major product launch since the debut of the Apple Watch in 2015. The Metaverse Realm …
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Recently, five different law firms and consulting companies have charged FTX with a staggering sum of $103 million during the first quarter of the year. These fees consisted of multiple invoices from these law firms, and it appears that FTX saw the highest amount being billed in March 2023. About the FTX Billings Five corporations – that being Sullivan & …
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MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …
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The Reserve Bank of Zimbabwe(RBZ) intends to roll out a digital currency supported by gold in order to stabilize the Zim dollar. These tokens are basically electronic money underpinned by the central bank’s gold reserves, which will provide holders of the local currency with an opportunity to safeguard against its instability. The laws for those digital tokens backed by gold …
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According to recent reports, Ripple (XRP) and other major crypto holders transferred more than 350 million XRP when the cryptocurrency’s value dropped below $0.46. This transfer of a substantial amount of XRP has caused concerns among investors who fear that these crypto whales might be divesting their assets. Ripple on the Move As per Whale Alert, a whale-tracking resource, Ripple’s …
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The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …
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