Week of Wins in Crypto: PEPE Skyrockets 78%, Ethereum Up 27%
The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe…
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Latam Insights: Venezuela Seizes Over 11,000 Bitcoin Miners, Paraguay Cracks Down on Illegal Bitcoin Mining
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save…
Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions
The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project…
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware…
Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data
The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used…
Spokesperson Hints at Sam Bankman-Fried’s Possible Move to California Prison
According to the Wall Street Journal, the convicted FTX co-founder Sam Bankman-Fried (SBF) is being transferred from the Metropolitan Detention Center in Brooklyn to an undisclosed location. Sources speculate that…
Elusive 2010 Bitcoin Mega Whale Moves 2,000 BTC Worth $138M in Fourth Transfer of 2024
Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024. The large transfer marks the fourth…
Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest…
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation…
DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito
According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang…
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