IN BRIEF Alliance Resource Partners (ARLP) holds the title of being the largest coal producer in Eastern U.S. Since 2020, the company has successfully mined 450 Bitcoin. ARLP foresees a surge in profitability following the halving event. During Alliance Resource Partners (ARLP)’s Q1 2024 Earnings Call, Joe Craft, the Chief Executive Officer, and Cary Marshall,…

On April 30, PeckShieldAlert, a well-known blockchain investigator, made a significant discovery. An address linked to the infamous Poloniex hacker executed a transfer of 501 BTC, equivalent to approximately $32 million, to three distinct wallet addresses. This transaction is raising eyebrows in the cryptocurrency community, as it suggests a concerted effort to obfuscate the origins…

Legal representatives for Terraform Labs and its founder, Do Kwon, are advocating for a significantly reduced fine of $1 million, contesting the United States Securities and Exchange Commission (SEC)’s proposed penalty of $5.3 billion. This development follows the SEC’s findings of liability against the crypto company and its founder for fraud associated with the Terra-Luna…

Today, Ripple’s XRPL-based enterprise solutions unveiled a strategic partnership poised to make a substantial impact on Japan. This partnership follows a strategic collaboration with HashKey DX, a consulting firm based in Tokyo. The primary objective of this collaboration is to introduce innovative blockchain-powered supply chain finance solutions to the Japanese market, harnessing the robust capabilities…

Hackers have managed to exploit vulnerabilities within the smart contracts of the defunct decentralized finance (DeFi) lending platform, Yield Protocol, resulting in the depletion of crypto assets totaling around $181,000. Yield Protocol’s demise occurred in December 2023, as the platform grappled with a myriad of issues, including waning business demand and escalating regulatory scrutiny on…

In a significant collaboration between Indian and US authorities, a coordinated search operation unfolded in Uttarakhand, aiming to dismantle a crypto-funded drug syndicate valued at a staggering $360 million. This joint effort saw the Indian Enforcement Directorate (ED) and the Federal Bureau of Investigation (FBI) pooling their resources for a thorough investigation in Uttarakhand. The…

Former employees of the financial technology company Revolut have embarked on a new venture in the cryptocurrency realm, unveiling the X10 exchange and securing a noteworthy $6.5 million in its inaugural funding cycle. This endeavor is poised to make waves in the industry by addressing a gap left in the market landscape, one previously occupied…

Trust Wallet has reportedly made a reappearance on the Google Play Store after a brief period of absence, which initially stirred concern among Android users who rely on the wallet service for their cryptocurrency transactions. The alarm was raised when the crypto company took to its official X page to address the situation, informing users…

Recent findings suggest that the United States Securities and Exchange Commission (SEC), along with its Chair Gary Gensler, may have operated under the belief that Ether (ETH) qualified as a security for a substantial duration, spanning at least a year. This revelation emerged from discoveries made on Monday. According to allegations outlined in a complaint…

In a significant development within the stablecoin market, Circle’s stablecoin, USDC, has reached a significant milestone by surpassing Tether’s USDT in transaction volume. This noteworthy achievement was unveiled through data released by Visa on April 29, made possible by a partnership with Allium Labs. The emergence of USDC as a leading player in the stablecoin…