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Four Russian nationals have been indicted for money laundering and operating unlicensed cryptocurrency mixers Blender.io and Sinbad.io, following Blender's relaunch after sanctions. The indictment highlights significant transactions linked to illegal activities, raising concerns about jurisdiction and the implications for privacy in cryptocurrency. Legal experts suggest the case reflects a broader trend of prosecuting mixer founders, echoing previous actions against Tornado Cash.
Bitcoin has dropped to its lowest price since November, hitting nearly $90,000 amid concerns over sustained high U.S. interest rates. The leading cryptocurrency is down over 4% for the day and nearly 9% for the week, while other major coins like Ethereum and XRP have also seen significant declines. Liquidations on futures contracts reached $544 million, with Bitcoin leading at over $112 million.
James Howells, an IT engineer from Newport, Wales, has lost a legal battle to recover a hard drive containing 8,000 Bitcoin, valued at over $750 million, which was accidentally discarded in a landfill in 2013. The Newport City Council denied access to the site due to environmental concerns, and a judge ruled that Howells' claims had "no realistic prospect" of success. Despite the setback, Howells remains determined to explore alternative methods to recover his lost fortune.
Coinbase has surpassed Nasdaq and the Hong Kong Stock Exchange in transaction revenue, generating $5.75 billion over the past year, though it still lags in trading volume. Despite a recent revenue dip to $1.2 billion in Q3 2024, analysts predict growth potential in international markets. CEO Mouloukou Sanoh anticipates Coinbase could become a leading global exchange in the next decade.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
Crypto developer activity is surging in Asia, with the region accounting for 32% of global activity in 2024, a significant rise from 12% in 2015. India leads this growth, contributing 11.7% of the global share, while established developers now represent over 70% of code commits. Despite a 7% decline in overall developer numbers, over 39,000 new developers joined the space in 2024, with Solana emerging as the preferred platform for newcomers.
Babylon Chain has surpassed $3.6 billion in Bitcoin deposits, with over 36,100 BTC contributed by nearly 88,000 unique depositors. The recent surge in deposits, including $1.2 billion in just 48 hours, follows support from major exchanges like Binance and Bitrue, enhancing Bitcoin's role in blockchain security. The protocol aims to integrate Bitcoin's security features into other blockchain ecosystems, fostering a more secure environment for decentralized applications.
Meme coin PEPE has surged past an $11 billion market cap, overtaking Uniswap and Litecoin, fueled by Bitcoin's rise above $100,000. The token achieved an all-time high of $0.00002708, driven by whale accumulation and increased accessibility through platforms like MoonPay.PEPE has outperformed Dogecoin in weekly gains following listings on major exchanges like Robinhood and Coinbase. Launched in April 2023, PEPE draws inspiration from the "Pepe the Frog" meme, rallying a community around its lighthearted internet culture roots.
André Beganski
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
russian nationals indicted for money laundering through crypto mixers
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15:56 13.01.2025
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06:07 20.12.2024
crypto developer activity surges in asia as new talent emerges
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18:45 15.12.2024
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06:23 09.12.2024
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