Bitcoin miners, exchanges and layer-2 builders have different reasons to support or oppose Bitcoin Ordinals. Source: https://cointelegraph.com/app/public/index.php/news/ordinals-good-or-bad-for-bitcoin-supporters-and-opposers-raise-voice
Month: May 2023
Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation – Bitcoin News
Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into potential violations of federal securities law. Marathon’s Montana Mining Facility Under SEC Investigation, Company Receives Second Subpoena…
‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups
Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the frog meme as a “hate symbol” — a move that prompted many users to call for a boycott. In a May 11 tweet, Grewal said Coinbase had “screwed up” in sharing information about the Pepe meme, which included…
Pepe memecoin frenzy gets unwanted attention from scammers
Security firm CertiK alerted the community to a fraudulent Pepe website offering rewards, cautioning that the site is linked to a phishing contract. Source: https://cointelegraph.com/app/public/index.php/news/pepe-memecoin-frenzy-gets-unwanted-attention-from-scammers
MetaMask rolls out ETH purchases via PayPal to US users
Crypto wallet MetaMask has started rolling out Ether (ETH) purchases via PayPal for users in the United States — one of Metamask’s biggest markets. The company claims to be the first Web3 wallet to offer ETH transactions via PayPal. Through the collaboration, American users can now choose PayPal as their payment method when buying ETH using MetaMask. The integration also…
Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest
Watchdog group Empower Oversight Whistleblowers & Research (EMPOWR) has filed suit against the United States Securities and Exchange Commission to force the agency to comply with a Freedom of Information Act (FOIA) request for access to communications between former SEC officials and their former and future employers. EMPOWR claimed in its suit that the former SEC officials had a potential…
Do Kwon’s lawyers propose $436K bail as authorities prepare for June trial
Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to … Source: https://cointelegraph.com/app/public/index.php/news/do-kwon-s-lawyers-propose-436k-bail-as-authorities-prepare-for-june-trial
Researchers in Singapore design new ‘more efficient’ DAO scheme
A team of researchers at the Singapore University of Social Sciences recently conducted an appraisal of existing decentralized autonomous organization (DAO) voting schemes to determine which was most efficient. The researchers ultimately concluded that existing popular voting schemes each had their drawbacks and advantages and that a new paradigm combining what they considered to be the best features of each…
IRS Trains Ukraine Law Enforcement to Track and Trace Russia’s Cryptocurrency Moves
Amid the ongoing Russian invasion of Ukraine, the U.S. and its private sector partners want to lend a hand to Ukrainian authorities looking to hinder Russian actors using cryptocurrencies to skirt sanctions—something European authorities have already tried to address. Today the Internal Revenue Service’s Criminal Investigations (IRS-CI) unit and blockchain analytics firm Chainalysis kicked off an advanced, in-person blockchain analysis…
PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High – Market Updates Bitcoin News
The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value Plummets Despite retaining its position…