Category: News

The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation. The Ethereum burn address is a unique element within the Ethereum blockchain, specifically designed to permanently remove Ether tokens from circulation. The Ethereum burn address is represented by the address 0x0000000000000000000000000000000000000000. The fundamental concept…

The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock. According to the latest data from IntoTheBlock, the U.S. government holds over 1% of the Bitcoin supply, valued at an impressive $13.16 billion. These holdings have tripled since 2021, demonstrating a consistent increase over the years. Why the US government holds Bitcoin…

Following the recent resignations, OpenAI has opted to dissolve the ‘Superalignment’ team and integrate its functions into other research projects within the organization. The entire OpenAI team focused on the existential dangers of AI have either resigned or been reportedly absorbed into other research groups.Days after Ilya Sutskever, OpenAI’s chief scientist and one of the…

The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds. United States authorities arrested two individuals accused of masterminding a money laundering scheme, which involved funneling over $73 million through U.S. financial institutions and ultimately converting the funds into Tether (USDT).The Justice…

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. Genesis Global, the bankrupt cryptocurrency lender, secured a court approval to return about US$3 billion in cash and cryptocurrency to its creditors. This decision leaves its parent company, Digital Currency Group…

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.” Despite unfavorable odds from several crypto analysts and the broader crypto community regarding Ether exchange-traded funds (ETF) chances of approval by the United States Securities and Exchange Commission (SEC), some analysts suggest that “there is room for…

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts. An Australian man has pleaded guilty to his involvement in promoting cryptocurrency lending services for the now-defunct crypto exchange Bitconnect — an infamous entity that allegedly ran as a…

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision? On May 16, 2024, a majority of lawmakers in the United States Senate passed a Congressional Review Act (CRA) to review the Securities and Exchange Commission…

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains. Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud after allegedly deceiving more than a dozen victims into investing in nonexistent ventures, including fraudulent cryptocurrency schemes.“Sfraga convinced a victim…

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures…