Tether, the issuer of the popular stablecoin USDT, has announced its intention to freeze addresses associated with sanctioned entities. The move comes in response to allegations that Venezuela’s state-run oil company, PDVSA, has been utilizing Tether to bypass sanctions imposed on its crude oil and fuel exports. Tether has said it is committed to complying…
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Coinbase, the U.S.’s largest crypto exchange, is reportedly launching a $15 million TV commercials across four channels airing NBA playoffs. The move, reported by the Fox news, is aimed at attracting more sports enthusiast into the crypto space. Symbolized by pizza, these commercials showcase the process pizzas go through, if it was a money in…
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The completion of Bitcoin’s fourth halving has left traders and investors speculating about the short-term market dynamics. While the spot price of Bitcoin saw a slight increase over the weekend, not much significant movement was observed immediately after the halving event, QCP wrote in a recent note on Telegram. Historically, the three previous halvings resulted in a substantial…
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Blockchain intelligence firm Arkham has discovered several crypto addresses containing millions of dollars that are either “stuck” or “forgotten” in two major bridge contracts. In an X post on April 22, Arkham revealed that numerous accounts, including those connected to Ethereum co-founder Vitalik Buterin, cryptocurrency exchange Coinbase, and various DeFi whales, have significant funds trapped in…
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Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans. Per the media outlet Criptonoticias, the Central Bank of Chile (BCCh) is yet to commit to a CBDC launch. However, a digital peso rollout is looking increasingly likely, with the BCCh announcing it is set…
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ZKasino, a blockchain-based gambling project, has found itself at the center of a heated controversy after it abruptly shifted $33 million worth of investor and user funds to the staking protocol Lido. The move deviated from the project’s initial plan to return the funds to its users. In a blog post on April 20, ZKasino announced…
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In a remote region of Kenya, a group of Bitcoin miners has found an innovative way to power their operations and bring electricity to rural homes. Located near Hell’s Gate National Park, the miners have set up shop at the site of an extinct volcano, where they utilize a mobile container equipped with solar power and energy…
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Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase’s board. Haun has been a board member of Coinbase for the past seven years and has played a crucial role in the company’s growth and success. In a post on X, Haun expressed her confidence in Coinbase’s future prospects, stating that…
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The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions. Titled “Digital Asset Proceeds from Broker Transactions,” the form is expected to be implemented in 2025 for reporting purposes in 2026. Under the new regulations, brokers, including kiosk operators, digital asset payment processors, hosted…
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A group of cryptocurrency users involved in a class-action lawsuit against former FTX CEO Sam “SBF” Bankman-Fried has recently reached a proposed settlement. According to court filings made on April 19, the plaintiffs, who had sued FTX influencers in 2022, have decided to pursue their case against FTX promoters using information presented during Bankman-Fried’s criminal trial, rather than continuing to pursue judgment against him.…
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