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Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic Swimming pool water (Aquilatin/Pixabay) Longtime Bitcoin(BTC)critic Alex De Vries said each transaction on the Bitcoin network uses over 16,000 liters of water, enough to fill a small swimming pool. De Vries yesterdaypublished a research paperwith his findings, arguing that a combination of miner cooling systems and the water...
Armstrong said the recent enforcement action against bad actors such as Binance or former crypto exchange FTX could “close the chapter” on that part of crypto’s history. Coinbase CEO Brian Armstrong (Coinbase) Coinbase (COIN) CEO Brian Armstrong says the industry can finally close the chapter of bad actors after the recentsettlementbetween Binance and the U.S. Department of Justice. “There certainly...
The U.S. Department of Justice (DOJ) argues that Binance's former CEO should remain free until sentencing – but only in the U.S. Department of Justice (Shutterstock) The U.S. Department of Justice doesn't want Changpeng 'CZ' Zhao locked up until sentencing, but it doesn't want him to leave the United States either, arguing in a new filing that he's a "flight...
Zhao pleaded guilty to one charge of violating the Bank Secrecy Act on Tuesday. Binance CEO Changpeng Zhao leaves the U.S. District Court in Seattle, Washington. (David Ryder/Getty Images) Binance's former CEO, Changpeng Zhao (CZ), cannot be allowed to leave the U.S. ahead of his February sentencing on one charge of violating the Bank Secrecy Act, federal prosecutors said in...
Richard Teng takes over as CEO of the world's largest crypto exchange. CZ and Binance Logo (Twitter/Modified by CoinDesk) Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant. Founder...
Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3% The self-described anarcho-capitalist has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector." Incoming Argentine President Javier Milei (Getty images) 10 Years of Decentralizing the Future The next president of Argentina will be Javier Milei as his opponent Sergio Massa conceded on Sunday...
The asset management giant last week registered the iShares Ethereum Trust, and via Nasdaq sought approval from the SEC for the new vehicle. 10 Years of Decentralizing the Future BlackRock (BLK), the world’s largest asset manager, hasfiled an S-1 formwith the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF). This movefollows...
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF. Bitcoin price on Nov. 14 (CoinDesk) 10 Years of Decentralizing the Future Crypto markets suffered one...
South Korean crypto exchange Bithumb hasn’t confirmed the planned IPO but told local media it recently selected an underwriter. Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market. Local news outlet Edailyreportedon Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the Kosdaq —...
The world's largest asset manager has already made waves by seeking to list a bitcoin ETF BlackRock CEO Larry Fink has emerged as a big fan of crypto (Michael M. Santiago/Getty Images) BlackRock wants to create an ETF that holds Ethereum's ether(ETH), a plan that deepens the world's largest asset manager's commitment to cryptocurrencies. Following the news, ETH's price surged...
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