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Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine –…
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud…
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Bloomberg Expands its Crypto Coverage to the Top 50 Assets
The world’s leading provider of news, broadcasts, and videos – Bloomberg Media Distribution – expanded its coverage of cryptocurrency data on the Bloomberg Terminal. The company will track the performance and latest…
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Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second – Mining Bitcoin News
While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH)…
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CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency program
The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Binance founder and CEO Changpeng Zhao (CZ) was on hand…
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NFT holders can earn millions through IP rights, says Apocalyptic Apes founder
While the most common way to earn money in the nonfungible token (NFT) space is by flipping the tokens for profit, there are other opportunities to earn money with NFTs as the market continues to develop. In a Cointelegraph interview,…
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Swedish central bankers snipe Bitcoin mining, cite rampant energy use
Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be banned. The Swedish central bank, known…
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The trouble with automated market makers – Cointelegraph Magazine
Automated market makers are a true public good in crypto, enabling genuinely decentralized trading 24/7 and supporting the wider DeFi ecosystems. But they’re not without a host of problems, writes digital economist and academic Christos…
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Crypto privacy is in greater jeopardy than ever before — here’s why
Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn't the only big problem we need to worry about.Hackers and robbers are tricking innocent users into giving up their private…
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Chainlink brings Keepers and VRF to the Avalanche blockchain
Blockchain oracle platform Chainlink (LINK) launched two of its services, Chainlink Keepers and Chainlink Verifiable Random Function (VRF) and integrated them into the Avalanche Primary Network, a special subnet within the Avalanche…
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Central banks must design CBDCs to be explicitly environmentally friendly: IMF
In a study titled “Digital Currencies and Energy Consumption”, the International Monetary Fund evaluated the impact of design elements of crypto assets on their energy consumption in order to develop an ideal framework for a mainstream…
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