Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he…
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Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever
Pantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the platform’s large user base and potential for fostering cryptocurrency adoption and innovation in decentralized…
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets…
Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency
Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd,…
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it…
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in…
Binance Fined Over $4 Million in Canada for Money Laundering Violations
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws.…
Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements
Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the…
EU Regulator Considers Crypto Inclusion in €12 Trillion UCITS Funds
The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new assets, including cryptocurrencies, in UCITS funds, which represent a major…
Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss…
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