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EthereumBeginnerVitalik Buterin, the co-founder of Ethereum, recently proposed a new idea to make the Ethereum network more scalable and decentralized. His concept, called “partially stateless nodes,” aims to tackle a growing problem: most users rely heavily on just a few big Remote Procedure Call (RPC) providers…
#crypto
BitcoinBeginnerMetaplanet, a Japanese investment business, has once again made news for its aggressive Bitcoin purchase strategy. On May 19, the business announced the purchase of 1,004 BTC for approximately $104.6 million, making it the second-largest single Bitcoin purchase to date. With this purchase,…
#crypto
BitcoinBeginnerAn Australian man from Queensland has had to give up nearly 25 Bitcoin, a luxury waterfront mansion, and a Mercedes-Benz after authorities linked the assets to suspected criminal activity. According to a statement released on May 18, the Australian Federal Police (AFP) — through its Criminal…
#australia#crime#crypto
GeneralBeginnerIn the Tornado Cash case, attorneys for developer Roman Storm accused US prosecutors of withholding critical exculpatory evidence. According to a letter dated May 16 to Judge Katherine Polk Failla, the defense contends that contacts between the Department of Justice and FinCEN from 2023 indicate…
#tornado-cash#united-states#us-government
EthereumBeginnerNasdaq-listed BTCS Inc. has announced a $57.8 million financing agreement aimed at expanding its Ethereum staking and validator operations. The financing, led by investment firm ATW Partners, includes an initial $7.8 million in convertible notes, with the potential for an additional $50 million…
#crypto
BitcoinBeginnerJonathan Mills, the founder and CEO of the NFT project Hashling NFT and the Bitcoin mining venture Satoshi Labs (formerly Proof of Work Labs), is facing serious allegations from former business partners who claim he misappropriated millions of dollars in project funds. A lawsuit filed in Illinois…
#crypto#fraud#law
SonicBeginnerSonic Labs, formerly known as the Fantom Foundation, has secured a legal victory in Singapore’s High Court. The court has approved Sonic Labs’ petition to wind up the Multichain Foundation, appointing KPMG as liquidators to oversee the process. In a May 9 ruling in Singapore’s Supreme Court,…
#court#law#singapore
GeneralBeginnerEuropean law enforcement arrested 17 individuals tied to what authorities are calling a “mafia crypto bank.” The group is accused of laundering over €21 million (around $23.5 million) in cryptocurrency for Middle Eastern and Chinese organised crime networks. According to a statement issued by…
#australia#banks#crime
SolanaBeginnerThe U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed spot Solana ETF, leaving the crypto industry waiting for clarity on similar filings tied to Polkadot and XRP, which are expected to face key deadlines in June. According to a filing dated May 13, the SEC has…
#altcoin#crypto#defi
BitcoinBeginnerTwo former executives of the bankrupt crypto lending service Cred, Daniel Schatt (CEO) and Joseph Podulka (CFO), have pleaded guilty to wire fraud related to the company’s collapse. The plea deals, according to May 13, were filed in a California District Court, with Judge William Alsup setting a…
#altcoin#court#crypto
GeneralBeginnerOn the report of May 13, three masked men suddenly lunged at the daughter of Paymium co-founder and CEO Pierre Noizat as she walked with her young son through Paris’s 11th district, attempting to bundle them into a waiting van in broad daylight. In the struggle, the assailants also assaulted a…
#crime#crypto
GeneralBeginnerThe Infinite Node Foundation (NODE), a nonprofit dedicated to improving digital art, has acquired Yuga Labs’ intellectual property rights to the legendary CryptoPunks NFT collection. The announcement was made by NODE on May 13. Alongside the acquisition, NODE has secured a $25 million endowment,…
#crypto#nfts
