A group of lawmakers in Paraguay have called for a temporary banning of Bitcoin mining, which they say has been interrupting the nation’s power supply. In a bill introduced on April 4, fourteen Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, along with banning crypto mining farms in the territory....
Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis. In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head...
JPMorgan CEO Jamie Dimon warned his fellow shareholders of increased U.S. inflation due to “a growing need for increased spending” in his annual shareholder letter published on Monday. Covering everything from AI to policy making, Dimon’s letter lauded the U.S. economy for being “resilient” despite an “unsettling landscape,” particularly in the face of growing inflation...
A legal ruling regarding the fate of crypto mogul Do Kwon’s extradition from Montenegro was returned to a lower court on April 5. Montenegro’s Supreme Court said it had approved the protection of legality of a prior decision from a lower court approving Kwon’s extradition to South Korea. Do Kwon Extradition Left To Montenegro Court...
Solana co-founder Anatoly Yakovenko revealed on April 5 that the bug causing reduced functionality in the blockchain ecosystem, including transaction failures and a slowdown in block finalization, had been “identified and patched.” Yakovenko added that while the Solana network glitch is fixed, implementing other key updates may not be straightforward. Solana Network Glitch Spurts from...
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT...
Hong Kong crypto adoption is taking another leap forward at ZA Bank, where executives are in talks to start providing direct banking services to several stablecoin issuers. As reported by BNN Bloomberg, Alternate Chief Executive Devon Sin said the virtual lending firm would provide fiat reserve accounts to such firms once they’re officially approved access...
Brisbane-based Monochrome Asset Management has announced it has moved its application for its flagship product the Monochrome Bitcoin exchange-traded fund (ETF) to be listed on the Cboe Australia. The Australian firm applied in July 2023 to list its ETF on the Australian Securities Exchange (ASX). Cboe Australia is an alternative trading execution venue to the...
Leading global Bitcoin mining company Bitfarms Ltd. (BITF) released its monthly production report for March 2024 alongside an update on its ongoing fleet upgrade and expansion efforts On April 1. While March’s Bitcoin production dipped slightly compared to previous months, the report highlights several positive developments that position the company for future growth. #Bitfarms Announces...
Morgan Creek Capital CEO Mark Yusko predicts the price of one Bitcoin (BTC) could reach $150,000 by the end of the year – more than double its current price. In an interview with CNBC’s Fast Money on Saturday, the hedge fund manager argued that Bitcoin’s fair market value is currently $50,000, based on Metcalfe’s law...