Block (formerly Square), a U.S. financial technology firm founded by Jack Dorsey, has partnered with Core Scientific, a leading Bitcoin mining operator, to boost the firm’s mining capacity and advance decentralization in Bitcoin mining, according to a press release published today. The collaboration targets enhanced decentralization and efficiency in Bitcoin mining, providing more miner options…
From its very early days, Playbux has unwaveringly delivered on its commitment to making Web3 as entertainingly rewarding as possible. The US$600K Free Raffle, supported by its partners Gate.io and OKX, is the latest addition to its chain of periodic benefits. However, it stands out from most of its predecessors by the sheer volume of…
On Wednesday, the U.S. Department of Justice (DOJ) announced that BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA). According to newly published court documents, the exchange failed to implement an adequate know-your-customer (KYC) and anti-money laundering (AML) program from September 2015 to September 2020. BitMEX’s Guilty Plea During this period, the Commodity…
Tron (TRX) is on the edge of a potential breakout, with analysts watching closely for a price surge. Meanwhile, Fetch.AI is moving ahead with its plan to merge tokens despite facing challenges from Coinbase. In contrast, BlockDAG is gaining attention with its upcoming X1 Miner App launch on the App Store, which is set to…
The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions in Russian rubles through its platform, involving sanctioned Russian banks and clients. Additionally, a 1.06 million euro…
Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40…
TL;DR Ripple has achieved significant partial legal victories in its ongoing battle with the SEC throughout 2023. The potential penalty remains disputed, with the SEC proposing $102.6 million and the company arguing for a maximum of $10 million. Filing After Filing The legal spat between Ripple and the US Securities and Exchange Commission (SEC) continues…
The Los Angeles Sparks, one of the most successful teams in the Women’s National Basketball Association (WNBA), have signed a five-year extension with Anschutz Entertainment Group (AEG) to continue playing at Crypto.com Arena until 2029. This agreement extends a long-standing partnership between the Sparks and the downtown Los Angeles venue, where the team has played…
The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This…
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst Discusses Political Impact on Solana ETFs A senior…