Telegram CEO Pavel Durov Reaffirms Commitment to User Privacy
Telegram founder and CEO Pavel Durov on Wednesday emphasized that the messaging platform is built to shield activists and ordinary people from “corrupt governments.” Addressing concerns about potential changes to Telegram’s privacy policy. Durov clarified that while the company cooperates with legal authorities when necessary, its foundational principles remain unchanged. “Telegram was built to protect […]
AFP Seizes $6.4M in Crypto from Alleged Crime App Mastermind
The Australian Federal Police (AFP) announced on Tuesday the seizure of $6.4 million in cryptocurrency as part of an investigation targeting the alleged mastermind behind “Ghost”. An encrypted communication app purportedly used by organized crime syndicates. The suspect, 32-year-old Jay Je Yoon Jung from New South Wales, was arrested on September 17 under “Operation Kraken.” […]
Bitcoin Mining Firm Sues Over Enforcement of Noise Laws
Bitcoin mining company NewRays is taking legal action against a judge and prosecutor. Claiming they were targeted by selectively enforced noise legislation. The lawsuit, filed on September 26, accuses Judge Allen Dodson and prosecuting attorney Phil Murphy, among others, of specifically and unfairly using noise ordinances to single out the crypto mining firm. Background of […]
Ohio Proposes Accepting Crypto Taxes
Ohio is taking a bold step into the future of finance. On Monday, State Senator Niraj Antani proposed legislation to make Ohio one of the few states that accept cryptocurrency payments for state and local taxes. This move aims to normalize crypto usage in Ohio’s financial arena, signaling a significant shift toward digital assets. Reviving […]
Governor Newsom Blocks AI Bill Over Innovation Concerns
Governor Gavin Newsom has vetoed California’s Senate Bill 1047 (SB 1047). Which aimed to establish new safety standards for artificial intelligence systems. His decision raises questions about the future of AI regulation in the state known for its technological innovation. Balancing Innovation and Regulation Newsom expressed concerns that the bill could stifle innovation in California’s […]
Ethereum Staking Yields Set to Surpass U.S. Interest Rates
Ethereum staking returns are set to surpass U.S. interest rates in the coming year, a development that could boost Ethereum’s price as investors chase higher yields. Falling U.S. rates and rising transaction fees on the Ethereum network are driving this shift, narrowing the gap between Ethereum staking returns and traditional risk-free rates. The Turning Tide […]
FBI Seizes Over $6 Million in Cryptocurrency from Scammers
The Federal Bureau of Investigations (FBI) has seized over $6 million in cryptocurrency from scammers based in Southeast Asia who targeted U.S. citizens. This operation marks a significant victory against international crypto fraud and showcases the growing efforts to combat cybercrime involving digital assets. Crackdown on International Crypto Fraud In a coordinated effort announced on […]
Ethereum Outpaces Bitcoin Following Fed Rate Cuts
The cryptocurrency landscape is experiencing notable shifts as Bitcoin lingers around the pivotal $64,000 mark. Ethereum is outpacing Bitcoin, especially since the Federal Reserve implemented a 50 basis point rate cut. This performance suggests changing dynamics in the market and has investors re-evaluating their positions. Institutional Investments Grow Despite slight market corrections, institutional enthusiasm for […]
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