Avalanche, a fast and scalable layer 1 blockchain platform, has announced a strategic partnership with Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, to create Cloudverse, a metaverse launchpad for businesses and brands. Cloudverse allows businesses to…
CBDC Faces Big Roadblock in the Good State of North Carolina
Central Bank Digital Currencies (CBDCs) are not welcomed in the State of North Carolina. This is the message of the State’s House of Representatives. Legislation was passed that aims to stop the use of CBDC as a payment to the…
Balaji Srinivasan Sparks Conversation with $1 Million Bitcoin Burn – The Intriguing Economics of Crypto Destruction
In a move that has sparked debate, Balaji Srinivasan, former Coinbase CTO and prominent crypto entrepreneur, destroyed $1 million worth of Bitcoin to showcase the concept of “crypto burning.” Srinivasan announced the destruction of his Bitcoin holdings through a tweet…
US Court Sets 10-day Deadline for SEC to Respond to Coinbase’s Petition for Clear Crypto Regulations
The US Third Circuit Court has granted Coinbase’s request for a response from the Securities and Exchange Commission (SEC) regarding its rulemaking petition, giving the agency a strict 10-day deadline. Coinbase initially filed a petition in July 2022, urging the…
Crypto Mining Tax Gets Strong Rejection from Presidential Contender
The crypto industry has faced a gauntlet of challenges, and it seems like the ordeal is not yet over. The Biden administration aims to add a thirty percent tax on electricity consumed by crypto miners. This new measure is supposed…
Uncovering Bhutan’s Covert Bitcoin Mining Operations
Nestled in the Himalayas, Bhutan has been silently building its own Bitcoin mining operation using the abundant hydroelectric power generated by the region’s glacier-fed rivers. Though discussions around this project have taken place since 2020, it wasn’t until recently that…
Biden’s administration Advocates for 30% Cryptocurrency Mining Electricity Tax in the US
The White House is seeking to implement a 30% tax on the electricity consumed by cryptocurrency mining in the next federal budget to minimize the industry’s impact on climate change. The president’s Council of Economic Advisers (CEA) highlights the negative…
Coinbase Remains Strong Despite Regulatory Worries, Launches New International Exchange
Coinbase, the largest crypto exchange in the United States, has announced the launch of a new trading platform for institutional clients outside the US. The new platform, called Coinbase International Exchange, will offer perpetual futures contracts for Bitcoin (BTC) and…
Crypto Finds Strong Support from Members of Congress
The crypto industry has gone through a lot of challenges. The bear market dragged its total market cap from $3 Trillion to around $700 million. To make matters, worst government regulators made it hard for crypto projects to do business…
Chainalysis – Transactions Tied to a Hacktivist Group – Details Uncovered
Chainalysis, a leading blockchain analysis company, has recently uncovered a series of Bitcoin transactions containing hidden OP_RETURN messages, tied to a Russian hacktivist group. By using OP_RETURN, an optional script command in Bitcoin transactions, the group has managed to establish…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
