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Bitcoin Fog Founder Convicted of Money Laundering


Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces

As Bitcoin Soars, Peter Schiff Offers Gold as the Prudent Alternative


With bitcoin climbing over 50% in the past month, the notable gold aficionado and economist Peter Schiff has thrown shade at the market’s recent rally. Schiff argues that this uptick in value is nothing but “speculative mania” and advises folks to funnel their risky investments...

Grayscale Aims to Launch Mini Bitcoin Trust for Lower Fees and Tax Benefits


Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential...

VanEck reduces Spot Bitcoin ETF fee till March 2025


VanEck, a sought-after American investment management company headquartered in New York City, recently announced the reduction of spot Bitcoin ETF fees, allowing users to invest in VanEck Bitcoin Trust for HODL until 31 March 2025. The period will commence on 12th March, and the Sponsor will...

Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL


This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by...

NEAR price up ahead Of Nvidia AI event – Is Green Bitcoin next to pump


NEAR Protocol (NEAR) traded near $6.9 after dipping from the $7.3 resistance level at press time. The NEAR price reached this level after nearly 2 years amid its 130% rally in just over two weeks. The anticipated participation of NEAR’s founder at Nvidia’s upcoming AI event has fueled...

Biden administration considering 30% tax on Bitcoin mining


The Biden administration is considering a 30% excise tax to be levied on bitcoin mining, owing to the industry’s rising energy usage. The other factor is the rise in energy costs for those sharing an electric grid with miners of digital assets. Added to that is the damage to the environment....

Tether Launches USDT on Celo Targeting Increased Usability


Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility...

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