Bitcoin, the pioneering cryptocurrency, is celebrating its 15th anniversary. Since its inception, Bitcoin has experienced an astonishing growth of 3.4 billion percent, becoming a linchpin of the trillion-dollar cryptocurrency industry. Its rise reflects the unpredictable nature of the financial landscape and the increasing influence of digital assets. The creation of Bitcoin, outlined in Satoshi Nakamoto’s […]
Amir Bruno Elmaani, the founder of the now-defunct cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as “Bruno Block,” admitted to secretly minting and selling Pearl tokens without paying income tax on the profits. This resulted in tax losses of over $5.5 million. Elmaani promoted […]
October 31, 2023, marked the 15th anniversary of the release of the Bitcoin whitepaper, a document that laid the foundation for the development of the Bitcoin network. Authored by Satoshi Nakamoto, the whitepaper introduced the key concepts and principles of a decentralized digital currency, sparking a revolution in finance and technology.As the cryptocurrency community celebrated […]
The U.S. Securities and Exchange Commission (SEC) has come under scrutiny from the U.S. Government Accountability Office for failing to follow proper procedures in issuing guidance on cryptocurrency safeguarding. The accountability office claims that the SEC did not submit the necessary reports to Congress and the Comptroller General before implementing the guidance. The SEC argues […]
In 2017, the victims of the Mt. Gox hack are still waiting for compensation, almost 10 years after the incident. This serves as a reminder of the haunting reality of cryptocurrency, where the loss of private keys can lead to the disappearance of fortunes.One unfortunate incident involves Gerald Cotten, the CEO of QuadrigaCX. While on […]
Spain is taking the lead in implementing the European Union’s comprehensive cryptocurrency regulatory framework, the Markets in Crypto-Assets (MiCA) Act. The Spanish Ministry of Economy and Digital Transformation has announced that the MiCA Act will come into force in December 2025, six months ahead of the EU’s general deadline. This accelerated timeline aims to provide […]
The Spanish Ministry of Economy and Digital Transformation has announced that the Markets in Crypto Assets (MiCA) Act, the first comprehensive crypto framework in the European Union, will be implemented on a national level in December 2025. This move aims to provide legal certainty and greater protection for Spanish investors in crypto assets. Spain is […]
A popular Telegram bot called Unibot, which is used for trading on the decentralized exchange Uniswap, was recently hacked. The exploit on a newly deployed contract allowed the hacker to steal around $560,000 worth of various memecoins from users. The blockchain security firm Scopescan alerted Unibot users about the ongoing hack, and Unibot later confirmed […]
There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts have discussed the possibility of Gensler allowing spot Bitcoin ETF applications to accumulate before denying them all at once, likening it to a “semi-comedic […]
Terraform Labs co-founder Do Kwon and his legal team have requested a United States district judge to dismiss the securities and fraud suit filed by the federal securities regulator. They argue that the Securities and Exchange Commission (SEC) has failed to provide evidence of any wrongdoing. Kwon and Terraform assert that their cryptocurrencies, including Terra […]
