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Former-Openbazaar-Dev-Chris-Pacia-Blasts-Lightning-Network-Experts-Knew.jpg

Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work ‘Like Dog Sh*t’

Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar […]
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CoinCodeCap-WeekInFocus-April-28-2024.jpg

CoinCodeCap WeekInFocus: April 28, 2024

WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and […]
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Bitcoin Ownership Surges as Small Addresses Hit Record High

Bitcoin Ownership Surges as Small Addresses Hit Record High

A recent report from Fidelity Digital Assets highlights a substantial increase in the number of Bitcoin addresses holding at least $1,000 worth of Bitcoin (BTC). Fidelity’s analysts reveal that this segment soared to an unprecedented 10.6 million wallets in mid-March, marking a doubling from the 5.3 million addresses recorded in 2023. The surge in Bitcoin […]
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DOJ-Counters-Motion-to-Dismiss-Charges-Against-Tornado-Cash-Developer.jpg

DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […]
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DOJ-Disputes-Roman-Storms-Characterization-of-Tornado-Cash-Operations-in.jpeg

DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing

The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed money transmitter and conspiring to violate sanctions law by creating and operating Tornado Cash, a crypto mixing service designed to anonymize transactions. North Korea’s Lazarus Group and other criminal entities have laundered funds through Tornado […]
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FBI-Urges-Public-to-Avoid-Unregistered-Crypto-Money-Services.jpg

FBI Urges Public to Avoid Unregistered Crypto Money Services

Key Takeaways: Regulatory actions against unregistered crypto service providers have been initiated by the FBI.  The agency has issued a warning to United States citizens. The Federal Bureau of Investigation (FBI) has issued a stark notice advising individuals to steer clear of cryptocurrency money-transmitting services that lack registration as Money Services Businesses (MSBs) with the […]
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Bitcoin ETFs Slow: BlackRock’s IBIT Streak Ends, Fidelity Sees Outflows

This week witnessed a notable shift in the momentum of two of the most successful exchange-traded fund launches in history. BlackRock’s (NYSE:BLK)spot Bitcoin ETF, IBIT, renowned for its remarkable performance, experienced zero inflows on Wednesday and Thursday, marking the end of its 71-day streak of fresh investments totaling approximately $17.24 billion in assets under management […]
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Pantera-Capital-Looks-To-Raise-1Billion-For-New-Crypto-Fund.jpg

Pantera Capital Looks To Raise $1Billion For New Crypto Fund

Key Takeaways The upcoming Pantera Fund V will include a diverse range of assets, including startup equity, early-stage tokens, and liquid tokens. The firm plans to raise more than $1 billion for investment across various blockchain-based assets Leading digital asset investment manager, Pantera Capital,  is gearing up to introduce the Pantera Fund V in April […]
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US Bitcoin ETFs: Daily Outflow Hits $120M

US Bitcoin ETFs: Daily Outflow Hits $120M

Total net outflows from 11 U.S. spot bitcoin ETFs reached $120 million on Wednesday, with eight products recording zero flows, a trend deemed normal by analysts. Grayscale’s GBTC witnessed $130.42 million exiting the converted bitcoin ETF, while Fidelity and Ark Invest’s funds were the sole recipients of inflows, totaling approximately $10 million. Among the eight […]
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