Physical version of gold-backed token replaces Zimbabwe dollar
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance. Go to Source
Month: April 2024
Changpeng Zhao four-month prison sentence lighter than expected
Prosecutors initially sought to charge the former Binance executive with 36 months. Go to Source
Bitcoin DeFi ecosystem thrives despite market correction
The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year. Go to Source
Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases
The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ … Read more
Bitcoin falls under $60K as BTC‘s futures premium drops to a 5-month low
Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over? Go to Source
Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with … Read more
Ex-Binance CEO Changpeng Zhao sentenced to four months in prison
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond. Go to Source
US Justice Dept charges Roger Ver with tax fraud
Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes. Go to Source
Coinbase integrates Lightning Network for Bitcoin transactions
The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange. Go to Source
Hong Kong Bitcoin and Ether ETFs attract over $200M on day 1
The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January. Go to Source
