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Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests

Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing…

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S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape

According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by…

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Block Unveils Bitcoin Conversion Feature for Square Merchants 

On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update…

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OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts

OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this…

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Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets

Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla…

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Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality

Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest…

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Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges

The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter…

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Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from…

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Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing

Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month…

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Trading of Hong Kong Spot Bitcoin and Ethereum ETFs Starts April 30

Per the Securities and Futures Commission (SFC) of Hong Kong, the region’s newly authorized spot bitcoin and ethereum exchange-traded funds (ETFs) are set to commence trading on Tuesday, April 30,…

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