In the recent past, two major crypto companies, Coinbase and Revolut, faced opposite outcomes in their interactions with UK regulators. Specifically, the UK’s Financial Conduct Authority (FCA) levied a fine of £3.5 million ($4.5 million) against CB Payments Limited (CBPL), a Coinbase Group subsidiary, for breaches related to Anti-Money Laundering regulations. The FCA disclosed in
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In a remarkable turn of events, a Bitcoin mining device with a mere hashrate of 500 gigahashes per second (Gh/s) defied the odds and successfully mined a block on July 24. This feat is even more astonishing considering that the device, known as “Bitaxe,” has a slim 1 in 1.1 billion chance of achieving such
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. It officially entered its trial phase in April 2024, more than three years after the proceedings began. Both parties have been diligently presenting necessary information and documents while adhering to court rules. Despite
OKX Racer is a unique Telegram mini app offered by OKX exchange, allowing users to engage in predicting the price of Bitcoin within a short five-second window. The app’s appeal lies in its free-to-play model, offering users the opportunity to earn points and rewards with accurate predictions. Getting started with OKX Racer is a straightforward
The second day of trading for the spot Ethereum ETFs took a negative turn as more than $133 million were withdrawn from the largest financial vehicles. This drastic outflow led to a significant drop in the underlying asset’s price, causing a 10% decline in just one day. This unexpected turn of events highlighted the initial
The Machines Arena Play-to-Airdrop (P2A) campaign offers a unique gamified approach to engage users and provide lucrative returns through a play-to-earn strategy. Players have the opportunity to earn points through various in-game activities, as well as outside the game. The key to participating in this campaign is to be registered on the official Machines Arena
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. His vast experience in covering NFTs, blockchain, DeFi, and blockchain news for NewsBTC sets him apart from others in the field. With a background in mechanical engineering and over a decade of journalism experience, Ngetich has crafted over 10,000 news and feature
The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, shed light on the challenges plaguing the cryptocurrency industry under the current administration. They are critical of the Biden-Harris Administration’s approach to regulating the sector, citing a lack of clear guidance from the Securities and Exchange Commission (SEC) on which cryptocurrencies are classified as
BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement signifies a major leap forward in the scalability and functionality of Bitcoin, without the need for changes to its underlying consensus code. This milestone, verified at Block 853626, marks the
Cynthia Lummis recently released a report criticizing the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe repercussions on the growing Bitcoin mining industry in the United States. Lummis contends that the concerns about environmental pollution and risks to the energy grid, which
