Author: Anshul

U.S. Crackdown on Samourai Wallet Founders

U.S. authorities have intensified their scrutiny of cryptocurrency operations, specifically targeting the founders of Samourai Wallet, a Bitcoin mixing service. On Wednesday, Keonne Rodriguez and William Lonergan Hill were arrested and charged with operating a platform that allegedly facilitated over $100 million in money laundering transactions linked to illicit dark web activities. According to the […]

Space Nation Online’s Beta Woes

Space Nation Online, a promising sci-fi blockchain MMORPG, has recently entered its closed beta phase, offering participants a glimpse into what the future of gaming might hold. Founded by industry veterans Jerome Wu and Tony Tang and backed by director Roland Emmerich, this Los Angeles-based venture combines the allure of space exploration with the cutting-edge […]

IRS Form Sparks Fear in the Crypto Industry

A recent draft version of IRS Form 1099-DA has stirred significant anxiety across the cryptocurrency landscape. This form, scheduled for mandatory use by 2025, has introduced a potential requirement for American decentralized finance (DeFi) users to report their self-custodial wallet addresses to the federal government. The essence of this development is the inclusion of a […]

PDVSA Leans on Tether Amid US Sanctions

Venezuela’s state-run oil giant, PDVSA, is turning to the cryptocurrency Tether (USDT) in an innovative strategy to circumvent new U.S. sanctions. According to Reuters, the company is increasing its use of USDT, aiming to protect its operations from the risks of having foreign bank accounts frozen. Tether, recognized as the world’s largest dollar-pegged stablecoin, offers […]

Change Healthcare’s Costly Ransom Ordeal

More than two months into one of the most severe ransomware crises in cybersecurity history, Change Healthcare confirmed a bitter reality already evident from Bitcoin’s blockchain and security experts: it paid a ransom following a cyberattack in February. Despite this, the threat of leaking vast volumes of sensitive medical data looms large. In late February, […]

AI’s Impact on Crypto Mining Explored by Mark Cuban

Mark Cuban, the Dallas Mavericks owner and “Shark Tank” host, recently highlighted the potential impact of artificial intelligence (AI) on the cryptocurrency mining sector, particularly in the context of the upcoming bitcoin halving. Cuban emphasized the increasing difficulty for bitcoin miners to generate revenue due to the halving, which will see mining rewards decrease from […]

ZKasino’s Launch Sparks Investor Outrage

ZKasino appeared to be a typical crypto endeavor, boasting a formidable $350 million valuation following its Series A funding, bolstered by a significant $26 million investment from entities including the notable crypto exchange MEXC. Its technological foundation seemed robust, with smart contracts validated by the reputable security firm Certik, an initial review having been undertaken […]

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]