CEO Mike Cagney of Figure announces plans for the FTX Estate to auction off locked Solana tokens.

In a recent post on X, CEO Mike Cagney of Figure made a significant announcement regarding the upcoming auction of locked Solana tokens by the FTX estate. This development marks a pivotal moment in the journey of these eagerly awaited tokens, which have been the subject of much anticipation and speculation within the cryptocurrency community….

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John Karony, CEO of SafeMoon, asserts his innocence regarding allegations of involvement in a multi-million-dollar cryptocurrency fraud scheme.

SafeMoon’s CEO, John Karony, utilized the platform X, formerly known as Twitter, on April 21st as his stage to vehemently assert his innocence in the face of grave accusations. These allegations stemmed from charges laid by U.S. officials, accusing Karony of involvement in a sprawling multi-million-dollar cryptocurrency scheme, a development that unfolded in November of…

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Robert F. Kennedy Jr is advocating for the transition of US budget management onto the blockchain.

Presidential hopeful Robert F. Kennedy Jr. is passionately advocating for a monumental overhaul of the US budgetary framework, championing the adoption of blockchain technology as the cornerstone of this transformative endeavor. Kennedy Jr. unveiled his ambitious vision during a fervent campaign rally held in Michigan on April 21st, where he articulated his belief that this…

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Breaking Down the Figures: What are the Profits Held by Bitcoin Whales and Miners?

Drawing insights from on-chain data, let’s delve into the current scenario regarding the unrealized profit held by different groups of Bitcoin whales and miners. Comparing Profits of Bitcoin Whales and Miners Across Different Groups In a recent article on X, Ki Young Ju, the founder and CEO of CryptoQuant, delved into the analysis of total…

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The IRS Unveils Initial Tax Reporting Form for Digital Assets

The US Internal Revenue Service (IRS) has taken a significant step forward in regulating cryptocurrency transactions by releasing the preliminary draft of a tax form designed specifically for reporting income derived from these digital assets. Dubbed as Form 1099-DA, this document is identified as “Digital Asset Proceeds from Broker Transactions.” This newly introduced tax form…

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Under Consideration: Crypto Users Contemplate Discontinuing Lawsuit Against Sam Bankman-Fried

In a recent development, a collective of cryptocurrency users embroiled in a class-action lawsuit against former FTX CEO Sam “SBF” Bankman-Fried has reached a tentative settlement agreement. According to court documents filed on April 19, the plaintiffs, who initially sued FTX influencers back in 2022, have opted to continue pursuing their case against FTX promoters….

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Telegram plans to roll out USDT payments through its Telegram Wallet in conjunction with the Open Network.

In a groundbreaking collaboration, Telegram, the renowned encrypted messaging platform, has partnered with Tether, the issuer of the widely used stablecoin USDT. This partnership signifies a significant milestone, as it empowers users to seamlessly send USDT payments via The Open Network (TON) and the Telegram wallet. The official announcement of this collaboration was made by…

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Bitcoin’s fourth halving is approaching rapidly, with fewer than 100 blocks remaining. Here’s what to expect next.

The highly anticipated fourth halving event for Bitcoin is on the verge of unfolding, slated to take place shortly after midnight UTC on April 20, with the corresponding time in Eastern Time being 8 pm today. This event marks a significant milestone in Bitcoin’s monetary policy, as it triggers a reduction in the block subsidy…

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Reuters reports that the Mango Markets hacker has been convicted and could potentially face a two-decade prison sentence.

In a significant development reported by Reuters, Avraham Eisenberg, the individual identified as the perpetrator behind the Mango Markets hack, faced the verdict of guilt on Thursday in a Manhattan federal court. This ruling comes as a culmination of legal proceedings stemming from his alleged involvement in orchestrating a scheme that led to the theft…

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Following CZ’s resignation, Binance has regained its footing with the acquisition of a crypto license in Dubai.

The global cryptocurrency landscape witnessed a significant development as Binance, renowned as the world’s largest cryptocurrency exchange, achieved a highly anticipated milestone by obtaining a crypto license in Dubai. This achievement coincided with the resignation of Changpeng Zhao, popularly known as “CZ,” from his role as CEO of Binance. Richard Teng, the CEO of Binance,…

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