Ex-FTX compliance chief confirms celebrity promotional activity originated in Florida

FTX.US’ former chief compliance officer Daniel Friedberg has provided evidence confirming that the promotional activity involving celebrities originated in Florida, according to May 11 court filings. The new development is a breakthrough... Read more »

BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms – formerly Riot Blockchain – is seeking to recover “more than $26 million” in alleged unpaid fees from Texas-based Bitcoin (BTC) miner, Rhodian Enterprises, according to its... Read more »

BTC price bounces at $25.8K lows amid warning over low whale interest

Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Traders: BTC price must retain $26,500 Data from... Read more »

Ethereum experienced a 2nd finalization delay but has since recovered

Ethereum experienced a second finalization delay on May 12, developers said. Terence.eth (@terencechain) wrote on Twitter: “Mainnet is not finalizing again. Prysm is releasing a patch today. Will keep you updated!” Later... Read more »

Report: French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a... Read more »

Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows

Bitcoin (BTC) neared two-month lows on May 12 amid fears that a “head and shoulders” pattern would put bears ahead. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis on BTC price: “Welcome... Read more »

Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the... Read more »

How the IRS seized $10B worth of crypto using blockchain analytics

Blockchain analysis has been key in helping the United States Internal Revenue Service (IRS) seize an estimated $10 billion worth of cryptocurrency since it began investigating a broad body of crimes involving... Read more »

MakerDAO plots AI governance “endgame”

MakerDAO announced on May 11 a governance model that will make use of artificial intelligence (AI) and feature crypto tokens with a new brand. Founder aims for “governance equilibrium” According to a... Read more »

Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers... Read more »