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Griffith previously pleaded guilty to one count of conspiracy to violate international sanctions for giving a talk at a crypto conference in Pyongyang in 2019. Former Ethereum developer Virgil Griffith pleaded guilty to one count of conspiracy to violate international sanctions. (CoinDesk archives) Former Ethereum developer Virgil Griffith will serve 63 months in prison and pay a $100,000 fine for...
The article, the second deep dive into crypto by the Times in the last month, highlights mainstream media's increased coverage of the space. Crypto executives and lobbyists, in the absence of federal regulations, are working with state lawmakers across the country to craft favorable legislation, the New York Timesreported. Many states, eager to attract the jobs they think the industry...
In a pair of announcements from the Bitcoin 2022 conference in Miami, the trading app flexed its crypto chops. But check the fine print. MIAMI — Robinhood Markets (HOOD) said Thursday it has activated its crypto wallet for 2 million “eligible” customers, making digital asset transfers broadly possible in the long-firewalled investments app. Chief Product Officer Aparna Chennapragada made the...
The news comes one day after the Tesla CEO disclosed his ownership of 9.2% of Twitter, making him the company’s largest individual shareholder. Tesla CEO and Twitter board member Elon Musk (Getty Images, modified by CoinDesk) Dogecoin (DOGE) is up 11%, per Messari data, following Twitter’s (TWTR) announcement of Elon Musk as the newest member of its board of directors....
SPONSOREDWelcome to ReverseDAO - Rewards in the Metaverse, a project that connects real-world loyalty rewards and crypto-assets! The loyalty programs market capitalization in 2020 was at USD 1.6 trillion, with only a 7% redemption rate - up to billions of dollars in reward points and virtual points expire and go to waste every passing year. Assets are unfortunately scattered across...
"I think it's time for us to move in that direction," the Democratic senator told NBC's Chuck Todd, in an interview to be aired Thursday night. U.S. Sen. Elizabeth Warren (D-Mass.) says it's time for the U.S. to create its own central bank digital currency (CBDC). Warren spoke with NBC's Chuck Todd on "Meet the Press Reports," scheduled to air...
Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off. EU Parliament (artjazz/Shutterstock) European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy. More than 90 lawmakers voted in favor of the proposal,...
The coordinated legal push resembles BlockFi's legal battle, which ended in a $100 million fine and pledges to register as a security. Steve Ehrlich, co-founder and CEO of Voyager (YouTube) Securities regulators in at least seven U.S. states are scrutinizing Canadian crypto investments firm Voyager Digital over its offering of interest-bearing crypto accounts, Director of the Alabama Securities Commission Joseph...
The largest cryptocurrency by market capitalization has risen six consecutive days and gained over 12% since last Sunday upon a broader asset rally and Luna BTC buys. BTC increase since March 20 (TradingView) Bitcoin briefly blew past its 2022 yearly breakeven point of $47,201, reaching as high as $47,524 before settling back in the $46,850 range by early afternoon Asia...
The Texas city will investigate the feasibility of adopting “bitcoin or other cryptocurrencies” with a study due in mid-June. Austin city council (courtesy Sam Padilla) Danny is CoinDesk's deputy business editor. He owns BTC, ETH and SOL. Austin, Texas took a step toward bitcoin adoption Thursday as city councilors greenlit a plan to investigate the feasibility of accepting tax payments...
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