A federal judge accepted a guilty plea from cryptocurrency exchange Binance along with $4.3 billion in fines and penalties to settle its case—the largest such assessment in the history of federal financial prosecutions. Federal Judge Richard Jones approved the deal—which includes a criminal fine of $1.8 million and a forfeiture of $2.5 million for a financial penalty for failing to…
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the […] Source: https://news.bitcoin.com/us-district-judge-sanctions-binances-4-3-billion-plea-deal/
In a series of insightful emails between Martti Malmi and Satoshi Nakamoto, the foundational discussions shaping the early development of Bitcoin are revealed. These exchanges offer a rare glimpse into the critical thinking and technical challenges overcome in the cryptocurrency’s infancy. Blueprints of a Digital Revolution: Nakamoto’s Conversations With Sirius The dialogue initiated in May […] Source: https://news.bitcoin.com/satoshi-nakamoto-to-martti-malmi-the-correspondence-that-shaped-bitcoins-early-days/
The Bitcoin halving is fast approaching—and market analysts tell Decrypt that there are unique circumstances this time around that will play important roles for traders and investors. The lingering doubt for most is the age-old question: Is the Bitcoin halving priced-in? The biggest digital coin by market cap has shot up in value following the past three halving events—but it…
Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average ten-minute interval between blocks—the event is anticipated to take place in […] Source: https://news.bitcoin.com/bitcoin-miners-face-adapt-or-perish-scenario-as-halving-approaches-in-under-60-days/
Brave, the company behind the privacy-focused Brave browser, is bringing on-chain Solana payments with its long-time Brave Rewards program, the company announced on Thursday. The on-chain Solana feature, Brave said, will allow Brave browser users to transfer BAT tokens from their local machines to a self-custody Solana wallet, without involving a centralized exchange. “We chose Solana as the ideal network…
After a month of bullish activity, the broader cryptocurrency market is settling as the week draws to a close. Major currencies like Bitcoin and Ethereum are trading relatively flat, reflecting a pause in recent upward momentum. Artificial intelligence-linked tokens are still going strong, however, buoyed by the current momentum within the AI industry, which is sparking increased investor interest and…
It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting a staggering 126,950.12 bitcoins on its balance sheet. Bitcoin […] Source: https://news.bitcoin.com/spot-bitcoin-etfs-surge-to-14-6-billion-in-btc-holdings-43-days-post-launch/
Digital fashion designer Stephy Fung has launched her debut SYKY Collective collection at NFT Paris, as the luxury fashion startup marks its integration with the Polygon blockchain ecosystem. “I’m here as a digital fashion artist, trying to stick take a stand with my collection and show what is possible, and that it is the future,” Fung told Decrypt at the launch…
One of the largest Bitcoin mining facilities, Riot Platforms, has warned shareholders that there is “no guarantee” the Bitcoin halving will have a positive impact on its profitability. Roughly every four years, Bitcoin is programmatically set for a “halving” which cuts the reward for mining new blocks in half as a way to keep inflation in check. Bitcoin is set…
