Day: 3 May 2024

Cyprus authorities have lauded the Council of Europe's Committee evaluating Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL)'s positive assessment of the country's financial regulations framework.  Cyprus's Securities and Exchange Commission (CySEC), in a press release published on May 3, 2024, described it as a resounding "vote of confidence" ...

Bitcoin Mining company Marathon Digital Holdings has released its unaudited Bitcoin production and mining operation updates for April 2024, revealing a 15% month-over-month surge in its average operational hashrate. During this period, it reached a hashrate of 21.1 exahash per second (EH/s).  This company attributed this increase to successfully energizing ...

In a significant development in the ongoing investigation into the ZKasino scam, Dutch authorities have made a breakthrough by apprehending a suspect allegedly involved in the fraudulent activities surrounding the crypto project.  The suspect, a 26-year-old individual, was arrested by the Fiscal Information and Investigation Service (FIOD) on April 29 ...

On May 2, Ethereum Name Service (ENS) officially petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent granted to Unstoppable Domains (UD) in January 2023. The blockchain domain service company says its action to ensure the web "remains a collaborative space."  The patent, ...

A new report from the UK Treasury has drawn attention to the increased risk of cryptocurrency transactions between 2022 and 2023 being money laundering activities. This comes as UK regulatory agencies ramp up efforts to tackle financial crimes in the crypto sphere. The report, which was about the Treasury supervisory ...

Former BitMEX CEO Arthur Hayes is optimistic about Bitcoin's future, suggesting it has reached a local bottom and will gradually rise over the next few months. In a blog post on May 3, Hayes commented on the recent market downturn, stating that the price action aligned with his expectations. According ...

EigenLayer, an Ethereum restaking protocol, has surprised the crypto community with a significant expansion of its token airdrop program.  The protocol announced that it would distribute an additional 28 million EIGEN tokens to over 280,000 wallets just days after its initial airdrop announcement.  EigenLayer initially earmarked 15% of its total ...