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US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme
29.5.2024
A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua”...
Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency
29.5.2024
Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies...
Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals
29.5.2024
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices...
Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury
29.5.2024
Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that...
BlackRock adds own Bitcoin ETF to income and bond funds
29.5.2024
One of the funds was BlackRock’s Strategic Income Opportunities Fund worth over $37.4 billion
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
29.5.2024
Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly...
Solana’s Penguiana $PENGU Token Launch On Raydium Surpasses $1M Valuation, Sets Stage For GUIANA NFT Minting
29.5.2024
In a remarkable showcase of growth and enthusiasm, Penguiana, the unique penguin-themed meme coin on the Solana blockchain, has successfully launched its $PENGU token on Raydium. Buy $PENGU here on Raydium. This milestone comes after a highly successful presale, confirming strong investor interest...
Blackrock’s IBIT Nears Grayscale’s GBTC in Bitcoin Reserves
28.5.2024
According to the latest statistics, U.S. spot bitcoin exchange-traded funds (ETFs) experienced ten consecutive days of positive inflows. Notably, during a third of those days, Grayscale’s Bitcoin Trust (GBTC) faced outflows and neutral activity. Conversely, Blackrock’s IBIT...
TRON Network Officially Supported By LayerZero
28.5.2024
PRESS RELEASE. Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON...
‘Spraying’ Naira Notes Causes Depreciation, Warns Nigerian Anti-Graft Body
28.5.2024
The Economic and Financial Crimes Commission (EFCC) has issued a warning against the practice of spraying naira notes at social events, emphasizing that it diminishes the dignity of the currency. In a recent post on its official X page, the Nigerian anti-graft agency urged residents to respect...
UK Digital Bank Blocks Clients From Performing Crypto Transactions
28.5.2024
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline...
Bullish Bitcoin options dominate May’s $6.5 billion expiry
28.5.2024
Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking
Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute
28.5.2024
The hostile offer comes after a private offer to the board was rejected in April
Bitcoin investment inflows hit $1B as long-term holders accumulate
28.5.2024
Inflows to crypto Bitcoin funds top $1 billion as BTC price remains stuck in a range below all-time highs
South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility
28.5.2024
This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%....
Artdollar (AD) Is Now Available for Trading on LBank Exchange
28.5.2024
PRESS RELEASE. Road Town, BVI, May 28, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Artdollar (AD) on May 28, 2024. Users of LBank Exchange can brace themselves...
Solana Passes Proposal to Assign 100% of Priority Fees to Validators
28.5.2024
Solana validators have voted to pass Solana Improvement Document number 96 (SIMD-0096), which proposes that 100% of priority transaction fees will be awarded to validators. This breaks the current model that passes only 50% of these funds to validators, while the other half gets burned. According...
Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges
28.5.2024
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating...
$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst
28.5.2024
Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block
Best Crypto to Buy Now May 28 – Notcoin, Celestia, Chiliz
28.5.2024
As crypto markets succumb to sell pressure on Tuesday as US markets reopen following the longer Memorial Day holiday weekend amid jitters about the sale of Mt Gox Bitcoins, traders are hunting for altcoins gems that could still provide short-term upside and be the best crypto to buy now.
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