A former Russian investigator received a 16-year prison sentence on Tuesday for taking bribes in Bitcoin, marking the largest bribery case in Russian history. Marat Tambiyev accepted roughly $73 million in Bitcoin from organized criminals he was investigating—more than five times the amount of the former highest bribe in Russia, Reuters reported, citing Russian media reports. Tambiyev moved more than…
The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country. Source: https://cointelegraph.com/news/x-restored-brazil-24-hours-rules-justice-alexandre-de-moraes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Samsung Pay has expanded its crypto payments capabilities by partnering with Alchemy Pay, allowing users to transact with cryptocurrency at millions of merchants globally. This new partnership enables over 500,000 users of Alchemy Pay’s virtual cards to link their cards with Samsung Pay for seamless crypto payments both online and in-store. With Samsung Pay available in 24 countries across regions…
FTX, once a major player in the cryptocurrency exchange industry, has received court approval for a bankruptcy plan that aims to repay customers using up to $16.5 billion in recovered assets. This development comes after FTX’s dramatic collapse in 2022, which followed revelations that its founder, Sam Bankman-Fried, had misappropriated customer funds. The FTX bankruptcy repayment plan is seen as…
Memecoins are up today and have strongly outperformed the entire crypto market over the last month. Source: https://cointelegraph.com/news/why-are-memecoins-up-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The layer two platform Linea has teamed up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability. Linea Expands Ecosystem With Chainlink’s CCIP Linea, an Ethereum layer two (L2) network, recently shared news […] Source: https://news.bitcoin.com/ethereum-l2-platform-linea-integrates-chainlinks-cross-chain-protocol/
Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request. Source: https://cointelegraph.com/news/brazil-review-elon-musk-x-ban-fine-payment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A drop in Ethereum network activity and investors’ concerns about the global economy continue to weigh on ETH price. Source: https://cointelegraph.com/news/ethereum-price-lags-bitcoin-and-altcoins-but-is-a-rally-to-2600-possible?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A new technique could put AI models on a strict energy diet, potentially cutting power consumption by up to 95% without compromising quality. Researchers at BitEnergy AI, Inc. have developed Linear-Complexity Multiplication (L-Mul), a method that replaces energy-intensive floating-point multiplications with simpler integer additions in AI computations. For those unfamiliar with the term, floating-point is a mathematical shorthand that allows…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing […] Source: https://news.bitcoin.com/nigeria-central-bank-governor-defends-naira-float-decision/
