Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash. Cointelegraph confirmed the news with the people familiar with the matter, and Pertsev is all set to be…
The European Parliament has voted through landmark legislation on cryptocurrency. The Markets in Crypto Assets (MiCA) law passed with 517 votes in favor and 38 against, with 18 abstentions. The MiCA legislation means that the EU will have a unified approach to crypto asset regulation across all 27 member states. The law focuses on companies known as crypto-asset service providers…
Voyager Digital Holdings has reportedly reached an agreement with the U.S. federal government to proceed with a $1 billion plan to sell its assets to the American arm of the crypto exchange Binance. The news was shared by the Voyager Official Committee of Unsecured Creditors (UCC) on Wednesday. “Voyager, the UCC, and the Government reached a resolution that will allow…
Ethereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has swelled Ethereum’s daily revenue multifold compared to Bitcoin (BTC). While Ethereum proponents celebrated the growth in revenue, many others were quick to point out the growing congestion on the network and the difficulty in processing transactions. There was an unusual…
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa and Seychelles Accounted for More…
Midjourney, Stability AI and DeviantArt issued a response on April 18 to a group of artists who accused them of extensive copyright infringement. The artists claimed that these companies had used their work in generative artificial intelligence (AI) systems without proper authorization. The companies filed their motions in a San Francisco federal court seeking the dismissal of the proposed class…
Cryptocurrency trading platform BitGet has officially registered as a service provider in Lithuania, allowing the Seychelles-based firm to operate in the European country. An announcement from the exchange notes that it has met compliance standards with regional laws and regulations in the Baltic state. The country is identified as an emerging digital asset market in Europe and a haven for…
The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported. Facing charges of fraud and money laundering, the local police immediately detained the 27-year-old upon his…
Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin’s latest “Bart Simpson”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but Bitcoin still threatened to flip…
The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year’s bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set…
