A public filing released by the United States Federal Bureau of Investigation (FBI) shows that the law enforcement agency seized around $1.7 million worth of digital assets from March to May. According to the Filing, the FBI seized $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in Dai (DAI) and…
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The Bitcoin fee-to-reward ratio represents the proportion of total block rewards from transaction fees paid by users in the Bitcoin network. Transaction fees allow users to offer compensation to miners to encourage the inclusion of their Bitcoin (BTC) transactions in a block. To increase their profits, miners frequently prioritize transactions with higher fees. However, the…
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Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Announcing the news on Aug. 16, Coinbase stated that the company is now officially allowed to operate a Futures Commission Merchant (FCM) platform. The approval enables Coinbase to introduce Bitcoin (BTC)…
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Bitcoin (BTC) speculators are leading a period of “exhaustion and apathy” across the market, new research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode wrote about waning conviction among Bitcoin’s short-term holders (STH). Bitcoin speculators risk unrealized losses After several months of stagnant BTC price action, frustration among…
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El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants like JP Morgan, Eaton Vance and PGIM Fixed, prompting President Nayib Bukele to…
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In the most recent update in the legal proceedings of the United States Securities and Exchange Commission against Ripple Labs, Judge Analisa Torres has granted permission for an investment banker declarant to make an appearance. According to a court filing, Judge Torres granted permission for Andrew A. Kunsak from the law firm Sidley Austin LLP to…
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Potential evidence linking an anonymous scammer to a Canadian group was highlighted by blockchain security firm CertiK in a report sent to Cointelegraph; however, the company has so far failed to confirm the name or identity of the perpetrator(s). On Aug. 16, CertiK released its findings from its investigation of a pseudonymous crypto scammer known…
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Two private banks in Uzbekistan — Kapital Bank and Ravnaq Bank — acquired approval from the National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. The banks will issue plastic crypto cards powered by Mastercard. On August 14, the NAPP reported the approval for Ravnaq Bank to participate in its…
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Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector. The 97-member New Democrat Coalition announced its AI working group on Aug. 15, stating it would work with President Joe Biden’s administration, stakeholders and lawmakers from both sides of…
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The United States crypto mining industry is getting a new lobbying group, with one of its biggest goals to dispel misconceptions about its sustainability from policymakers. Launched on Aug. 15, the Digital Energy Council said its aim is to advance policies that encourage the growth of digital asset mining and energy development. DEC founder and…
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