Day: April 5, 2022

CELO, LUNA Higher, ZIL Moves Over 15% Lower – Market Updates Bitcoin News

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Despite the global cryptocurrency market cap mainly consolidating on Tuesday, LUNA and CELO were some of the session’s biggest gainers. ZIL, on the other hand, continued to fall following recent highs, trading over 15% lower during today’s session. CELO ZIL fell for a fourth straight session on Tuesday, as prices continue to slip away from last week’s high of $0.2313. While ZIL fell by almost 13% today, CELO gained by almost the same percentage, climbing to its highest level in almost four months in the process. Following a low of…

Ethereum L2 Boba Network valued at $1.5B following Series A

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Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.  The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Kinetic Capital, IOST and ROK Capital. Contributions also came from the Will Smith-led Dreamers VC, Paris Hilton’s M13 and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.…

Ethereum Scaler Boba Network Valued at $1.5B in $45M Series A

“Layer 2s have single instance sequencers that act as block producers,” said Chiu. “So we set off to modify Geth [a programming language for running Ethereum nodes] in such a way that smart contracts on Boba can call any external API. Suddenly, you can do machine learning off-chain and have the results come back to your smart contract, atomically, meaning in the same transaction, in the same block.” Source

Singapore aims to streamline financial watchdog’s authority over crypto firms

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The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country. Records from the Parliament of Singapore show the government passed the Financial Services and Markets Bill on Tuesday following a second reading on April 4. According to the MAS, the legislation will require virtual asset service providers doing business outside Singapore to be licensed and subject to anti-money laundering and combating the financing of terrorism requirements, or AML and CFT, respectively. “Digital…

Crypto Mining Hearing: What Politicians Have Planned!! 🇺🇸

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Feds Seize $34 Million in Crypto From Unidentified Florida Man – Bitcoin News

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On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to people’s Netflix, HBO, and Uber accounts. DOJ Seizes $34 Million in Digital Assets From Florida Resident Accused of Selling Stolen Online Information via the Deep Web The DOJ and U.S. Attorney’s Office of South Florida…