Terraform Labs co-founder Do Kwon will reportedly be extradited to the United States rather than South Korea to face criminal charges. According to a Dec. 7 Wall Street Journal report citing people familiar with the matter, Justice Minister Andrej Milovic in Montenegro plans to grant U.S. officials’ request for extradition. Kwon was arrested in Montenegro…
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United Arab Emirates firm Phoenix Group has disclosed a new purchase of hardware equipment from WhatsMiner, aimed at expanding its portfolio of hydro cooling rigs. According to an announcement on Dec. 7, the $380 million deal represents WhatsMiner’s largest order in two years. Under the agreement, Phoenix received mining equipment valued at $136 million, with…
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Is a game even a game without bots? Pixels CEO doesn’t think so Some think that bots in games is a sign of the apocalypse, or perhaps just the makers trying to fill up an empty venue to make it look popular. But Pixels founder and CEO Luke Barwikowski says that conversely, if people aren’t…
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One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to process international settlements in cryptocurrency. Exved, a local digital settlement platform — which describes itself as a “digital counterparty search system” — announced the launch on Dec. 7, stating that Russian…
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Trading and brokerage firm Robinhood announced the launch of its crypto services for all eligible European Union customers on Dec. 7. The platform will allow traders to buy and sell over 25 cryptocurrencies. Robinhood’s entry into the European crypto market comes just a week after the firm launched its stock trading application in the United…
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The surge in generative AI development has prompted governments globally to rush toward regulating this emerging technology. The trend matches the European Union’s efforts to implement the world’s first set of comprehensive rules for artificial intelligence. The artificial intelligence (AI) Act of the 27-nation bloc is recognized as an innovative set of regulations. After much…
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The United Kingdom’s Financial Conduct Authority (FCA) has added crypto exchange Poloniex to its warning list of non-authorized companies. The Seychelles-based exchange is one of the three companies owned by or affiliated with entrepreneur Justin Sun that have suffered four hacks in the last two months. The warning to Poloniex was published on the FCA’s…
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Bitcoin (BTC) wallet provider Samourai Wallet has accused Bitcoin mining pool Ocean of censoring Whirlpool CoinJoin transactions and BIP47 notification transactions from Dec. 6. However, Ocean’s top executive has denied the claims while asking the Bitcoin wallet provider to fix a bug in their software. On Dec. 7, Samourai Wallet claimed that a new policy…
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Bitcoin (BTC) has gained a new generation of hodlers in the past three years as stubborn investors refuse to sell. Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins. BTC price should go “way higher” for hodlers to sell Bitcoin’s longer-term investor…
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Presidential hopeful Vivek Ramaswamy came down hard on SEC chair Gary Gensler and other “three letter agencies” during the recent Republican presidential debate, claiming that regulators had failed to keep up with crypto. During the 4th Republican presidential debate of the 2024 cycle on Dec. 7, Ramaswamy said it was “nothing short of embarrassing” that…
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