The Russian judicial system has taken a significant stand against organized crime by sentencing Stanislav Moiseev, the alleged mastermind behind the infamous Hydra online drug marketplace, to life imprisonment. In addition to his sentence, Moiseev was levied a hefty fine of four million rubles (about $37,500). Alongside him, fifteen other group members received sentences ranging
In a bold assertion during the Investment Forum in Moscow on December 4, Russian President Vladimir Putin heralded Bitcoin and other digital currencies as unstoppable forces in the global economy. His remarks emphasize the potential of these currencies to mitigate financial inefficiencies that plague traditional monetary systems. By positioning Bitcoin as a prospective global reserve
Since its inception over 2,000 days ago, Pi Network has captured the attention of many aspiring cryptocurrency enthusiasts. Launched on March 14, 2019, this project aimed to democratically empower users by allowing them to mine cryptocurrency through their smartphones—an innovative approach that promised to make crypto more accessible. Despite its ambitious vision and the growing
The gaming landscape is undergoing a significant transformation with the introduction of SuiPlay, a next-gen platform that is set to redefine the connection between blockchain technology and gaming experiences. With the opening of pre-orders for the SuiPlay0X1 gaming device, not only are players given a chance to own innovative hardware, but they are also invited
On December 5, Bitcoin (BTC) achieved a groundbreaking price, soaring to an unprecedented $103,630 during initial trading in Asia. This remarkable surge, fueling a 7% increase within just 12 hours, marked a significant breakout from previous price consolidations and elevated Bitcoin’s market cap to a stellar $2 trillion. Such a monumental rise reaffirms Bitcoin’s status
In a recent announcement via Trust Social, President-elect Donald Trump confirmed the nomination of Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC). This choice positions Atkins, a seasoned expert in financial regulation, to lead the SEC at a crucial time, particularly in regard to the evolving landscape of digital
Woori Technology, a noted South Korean venture capital entity, is contemplating divesting its interest in Dunamu, the parent organization of Upbit, which stands as South Korea’s leading cryptocurrency trading platform. In 2015, Woori made a significant investment of 5.5 billion KRW in Dunamu, obtaining an undisclosed percentage of shares. Nearly a decade later, their stake
On December 3, 2023, a significant event unfolded in the cryptocurrency market when the U.S. government executed transfers totaling $33.6 million in various cryptocurrencies. This substantial movement of assets stemmed from the seizure of funds tied to the infamous collapse of FTX and its associated entity, Alameda Research. The transactions involved popular tokens such as
This week, Bitcoin mining pool operator Foundry Digital announced a substantial reduction in its workforce, laying off 74 employees—equivalent to 27% of its total staff. This significant cut comes amidst a broader restructuring initiative by its parent company, the Digital Currency Group (DCG). The decision underscores a deliberate pivot towards strengthening the company’s core operations.
While Bitcoin continues to grapple with its struggle to surpass the crucial $100,000 milestone, altcoins are demonstrating a remarkable level of resilience and growth. Among these, Binance Coin (BNB) has emerged as a leader, achieving a new all-time high just six months after its previous peak. This surge reflects not only BNB’s popularity but also
