Month: May 2024

A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury […] Source: https://news.bitcoin.com/us-jury-convicts-two-in-8m-crypto-linked-dark-web-drug-scheme/

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […] Source: https://news.bitcoin.com/ripio-ceo-brazilian-companies-are-paying-chinese-suppliers-with-cryptocurrency/

Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. […] Source: https://news.bitcoin.com/ethereum-futures-open-interest-hits-all-time-high-following-etf-approvals/

Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that it will record them at cost. Meanwhile, short-term holdings will […] Source: https://news.bitcoin.com/tokyo-listed-metaplanet-to-buy-additional-bitcoin-for-its-treasury/

Opera, the company behind the fifth most popular desktop browser, will allow users of its built-in AI assistant, Aria, to easily generate images with Google’s latest image generation model, Imagen 2. The browser project announced an agreement on Tuesday that will also power Aria with Google Gemini for its text-based chatbot. “We are excited to be announcing the deepening of…

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Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly presented to shareholders. Riot asserts that the acquisition will establish a vertically integrated, geographically […] Source: https://news.bitcoin.com/riot-proposes-acquisition-of-bitfarms-to-create-the-worlds-largest-publicly-listed-bitcoin-miner/