Poloniex, a cryptocurrency exchange located in Boston, has agreed to pay a staggering $7.59 million. This is to resolve sanction breach accusations with the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department. A press release from OFAC claims that the exchange violated more than 66,000 different penalties.
May 2, 2023 1 min read
Coinbase (NASDAQ: COIN) officials, including Chairman and CEO Brian Armstrong, have been named in a new lawsuit. It is alleged that they used insider knowledge to profit by $1 billion. During the stock’s public debut two years ago. On Monday, May 1st, the investor filed a lawsuit in Delaware Chancery
May 2, 2023 2 mins read
Several cryptocurrency exchanges have moved quickly to list various meme coins as they gain popularity in the market. Pepe (PEPE) has recently flipped Shiba Inu and FLOKI in trade volumes, therefore the market is paying close attention. OKX, a cryptocurrency exchange, has announced that it would be offering PEPE, a
May 1, 2023 2 mins read
The prototype design of a high-performance Bitcoin mining ASIC at 5 nanometers has been completed by Jack Dorsey’s business, Block. On April 28, 2023, the corporation updated its website with the news. The American company acknowledged the technological and financial difficulties of manufacturing bitcoin mining ASICs. As a result, there
April 30, 2023 1 min read
Elon Musk, CEO of Twitter, has announced yet another ground-breaking plan to increase the company’s revenue and benefit Twitter’s content providers. Twitter has been implementing an increasing number of novel features to enhance the service for its users and foster an open dialogue. This update allows crypto influencers and other
April 30, 2023 2 mins read
A Permanent Testnet deployment has been made available on Sui’s public testnet by Turbos Finance, a non-custodial decentralized exchange (DEX) on the Sui network that enables spot and derivatives trading. This crucial stage coincides with the Sui Network’s preparations for its May 3, 2023 debut. With the help of Mysten
April 28, 2023 2 mins read
Greenidge, a Bitcoin miner based out of New York, has stated that it is emerging from recent difficulties and expanding operations via a collaboration with Core Scientific. The company announced the agreement with Core Scientific on Thursday. With 6,914 mining machines belonging to Greenidge being hosted by the company. The
April 28, 2023 1 min read
Through a new collaboration with Unstoppable Domains, Binance U.S users will soon be able to create decentralized domains that will function as digital identities throughout the Web3 ecosystem. This new service will enable users to mint “.BinanceUS” domains. Which will provide them with memorable addresses for their crypto wallets in
April 27, 2023 2 mins read
In the last several weeks, significant progress has been made on Polkadot, a network protocol that enables a multi-chain application environment. A similar pattern was seen in February of 2023, as previously reported. However, the $DOT cryptocurrency, like the rest of the crypto market, is affected by the general dynamics
April 27, 2023 1 min read
On Wednesday, Amazon Web Services, the cloud computing arm of the e-commerce behemoth, announced cooperation with Cronos, further establishing itself in the cryptocurrency industry. Amazon’s continued crypto, blockchain, Web3, and NFT footprint growth reflects the company’s anticipation of future technological breakthroughs in these areas. The Cronos Accelerator Programme, which helps
April 26, 2023 1 min read
