Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved

The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami, the former Economy Minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were […]

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Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. Costco Might Be Selling $200 Million in Gold Every […]

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Sam Bankman-Fried Files Notice of Appeal, Challenges Conviction and Sentence

Former FTX CEO Sam Bankman-Fried formally lodged an appeal against both his conviction and sentence with the District Court for the Southern District of New York (SDNY) on Thursday. Bankman-Fried’s legal representatives had anticipated this move, having previously requested that he remain at New York’s Metropolitan Detention Center (MDC) to facilitate the appeals process. From […]

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Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC. BUIDL, […]

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TD Bank Releases Commercial Explaining The Bitcoin Halving And Promotes ETFs

TD Bank subsidiary TD Direct Investing recently uploaded a video on its YouTube channel explaining in detail the upcoming Bitcoin halving event, expected around April 19 or 20. The commercial serves to educate viewers on the significance of this event within the context of Bitcoin’s supply and demand dynamics. JUST IN: TD Bank subsidiary releases commercial explaining the #Bitcoin halving and promotes spot Bitcoin ETFs after 👀 pic.twitter.com/a8YTClIhMf — Bitcoin Magazine (@BitcoinMagazine) April 11, 2024 The video underscores this year’s approval of spot Bitcoin Exchange Traded Funds (ETFs) in the United States,…

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A Deep Dive Into Bitcoin Miners’ Strategies During The Halving

The Bitcoin halving event is pivotal in the cryptocurrency world, impacting miners’ strategies and the entire network’s dynamics. As the rewards for mining new blocks are slashed in half, miners must adapt their approaches to maintain profitability and network stability. In this article, we delve into the various strategies employed by Bitcoin miners during the halving event. What is Bitcoin halving? The Bitcoin halving occurs approximately every four years, reducing the block rewards miners receive by 50%. This mechanism is programmed into the Bitcoin protocol to control the coin’s supply…

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43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over $127 Million

Since the onset of 2024, the Bitcoin ecosystem has seen an influx of capital flowing into startups. Data gathered by Coin98 Analytics from the web portal crypto-fundraising.info, reveals that over the past few months, 43 Bitcoin-centric projects have secured funding from key investors. Startups Dedicated to the Bitcoin Ecosystem Gather Significant Capital Injections A fresh […]

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Quality Money: Bitcoin to Become Scarcer than Gold Post-Halving

The Bitcoin Halving: Gold is on Borrowed Time For the first time since its inception, Bitcoin’s annual inflation rate is poised to become less than that of gold, the quintessential store of value. At Bitcoin block height 840,000, the annual supply of Bitcoin will be cut in half, resulting in a decrease in its annual inflation rate from 1.7% to 0.85%. In comparison, the supply of gold is estimated to increase by 1-2% per year, depending on technological changes and economic conditions. To date, Bitcoin has experienced three halving events:…

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