Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

DWF Labs Foresees a Surge of Hundreds of Notcoin-Style Projects on the TON Blockchain

DWF Labs Foresees a Surge of Hundreds of Notcoin-Style Projects on the TON Blockchain

In the rapidly evolving landscape of blockchain technology, DWF Labs, a prominent player in the blockchain ecosystem, has recently projected an imminent surge of activity on The Open Network (TON). Andrei Grachev, the founder of DWF Labs, envisions a flurry of projects inspired by the success of Notcoin, which are

Wisconsin Invests $163 Million in Spot Bitcoin ETFs from BlackRock and Grayscale

Wisconsin Invests $163 Million in Spot Bitcoin ETFs from BlackRock and Grayscale

The State of Wisconsin has made a significant move into cryptocurrency investments by purchasing shares in the iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), with a total investment amounting to $163 million. This decision marks a progressive step for the state's investment strategies, reflecting a growing institutional interest

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

A Dutch court has found Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, guilty of aiding in the laundering of over $2 billion. Pertsev has been sentenced to 64 months of imprisonment. The court's decision was delivered amidst broader scrutiny over the role of cryptocurrency in financial crimes,

"FTX Extends Claims Deadline for Creditors to Late July, Aligns with Chapter 11 Voting Schedule"

"FTX Extends Claims Deadline for Creditors to Late July, Aligns with Chapter 11 Voting Schedule"

FTX, the cryptocurrency exchange currently undergoing Chapter 11 reorganization, has announced an extension of the deadline for its creditors to file claims. The new deadline is set for the end of July 2024, pushed back from the original date of May 15, 2024. This extension provides creditors with an additional

U.S. Department of Justice Appoints Forensic Risk Alliance as External Monitor for Cryptocurrency Exchange Binance

U.S. Department of Justice Appoints Forensic Risk Alliance as External Monitor for Cryptocurrency Exchange Binance

The U.S. Department of Justice has designated the law firm Forensic Risk Alliance (FRA) as the external monitor for the cryptocurrency exchange Binance, according to Bloomberg reports. This decision concludes a competitive process in which FRA emerged victorious over the well-established firm Sullivan & Cromwell, previously considered the favorite

Wintermute Steps in as Liquidity Provider for Hong Kong’s Cryptocurrency ETFs in Partnership with OSL Digital Securities and Haskey HK Exchange

Wintermute Steps in as Liquidity Provider for Hong Kong’s Cryptocurrency ETFs in Partnership with OSL Digital Securities and Haskey HK Exchange

In a strategic move to fortify its presence in the Asian market, Wintermute has announced a partnership with OSL Digital Securities and Haskey HK Exchange, becoming the primary liquidity provider for cryptocurrency ETFs based in Hong Kong. This collaboration marks a significant step for Wintermute as it aims to expand

Coinbase Accused of Selling Unregistered Securities: Lawsuit Filed by Customers Alleges Platform Operates as Unregistered Broker/Dealer

Coinbase Accused of Selling Unregistered Securities: Lawsuit Filed by Customers Alleges Platform Operates as Unregistered Broker/Dealer

In a significant development for the cryptocurrency industry, customers have filed a lawsuit against Coinbase, one of the largest cryptocurrency exchanges globally. The legal action accuses the platform of selling unregistered securities and operating as an unregistered broker/dealer, raising serious regulatory and legal questions about its practices. The lawsuit,

Elliptic Employs AI to Detect Money Laundering Through Bitcoin, Enhances Identification Tools

Elliptic Employs AI to Detect Money Laundering Through Bitcoin, Enhances Identification Tools

In an effort to combat money laundering through cryptocurrencies, Elliptic, an analytical firm, has successfully deployed artificial intelligence (AI) technologies to enhance its transaction monitoring tools. The company announced significant progress in utilizing AI to detect illicit financial activities specifically related to Bitcoin. The newly released report, co-authored by specialists

Bitcoin Testnet Disrupted by Developer's Actions: Jameson Lopp Generates Over 165,000 Blocks in One Week, Causing Stability Issues and Stirring Community Debate

Bitcoin Testnet Disrupted by Developer's Actions: Jameson Lopp Generates Over 165,000 Blocks in One Week, Causing Stability Issues and Stirring Community Debate

In a surprising turn of events, Jameson Lopp, the co-founder and chief security officer of the Casa platform, has caused a significant disruption in the Bitcoin testnet by generating more than 165,000 blocks within just one week. This amount of activity, which would typically take around three years under

Consensys Outlines Four Key Reasons Why Ethereum is Not Considered a Security

Consensys Outlines Four Key Reasons Why Ethereum is Not Considered a Security

In an industry where the classification of cryptocurrencies can greatly affect their regulation and usage, Ethereum's status remains a hot topic. A representative from Consensys, the company behind the widely-used MetaMask wallet, recently highlighted four pivotal reasons supporting the argument that Ethereum should not be classified as a security. This