Day: April 22, 2022

The Web3 arms race is upon us, Apr. 14-20, 2022

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“Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility.  This week’s Crypto Biz newsletter features several major funding rounds dedicated on building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3 or not. Oh, and remember all the buzz surrounding Special Purpose Acquisition Companies, or SPACs? A crypto-focused SPAC just closed an…

Inside Miami’s Effort To Become America’s Cryptocurrency Capital

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Miami is hoping to lure tech from Silicon Valley and finance from New York by embracing cryptocurrency. CNBC’s Kate Rooney takes us to the city for a closer look at how businesses and investors are using crypto and speaks with Mayor Francis Suarez about transforming Miami to embrace what he believes will “define the future of our country and our world.” » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news…

Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million – Mining Bitcoin News

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On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP). Crusoe Energy Systems Secures $505 Million From Strategic Investors Following the report that said Crusoe Energy Systems was working on a gas-to-bitcoin mining pilot with the gas giant Exxon, Crusoe has announced the company has raised $505 million in new funding. The…

Sanctioning an Ether Address Isn’t Stopping Transactions

“To the extent there are U.S. touch points, or U.S. persons involved in such transactions, crypto companies could face enforcement from FinCEN, OFAC and/or the U.S. Department of Justice, depending on the activity at issue and whether any U.S. laws were violated,” he said. “Even without a violation, an investigation can be incredibly taxing on resources and distracting to leadership. As a result, crypto companies may wish to steer clear of mixers, to the extent possible.” Source

Binance recovers $5.8M in funds connected to Ronin bridge exploit

Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth over $600 million at the time, belonging to Axie Infinity’s Ronin bridge.  As of Friday, the wallet address associated with the Ronin has around $280 million in digital assets remaining. Blockchain forensics company Elliptic recently uncovered that the…

Bezoge Earth Reveals The Legends of Bezogia Full Theatrical Trailer – Sponsored Bitcoin News

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sponsored Bezoge Earth, the creators of The Legends of Bezogia are thrilled to release the full theatrical trailer for their upcoming crypto-based MMORPG game where players from all around the world can come together and experience the wild and wonderful world of Bezogia. The Biggest Play & Earn Game You’ve Never Heard of The Legends of Bezogia, the land where everything always goes up, is an open-world MMORPG metaverse game where players can summon their own unique Bezogi NFT characters from a selection of eight different breeds by summoning in-game.…

What Sell Pressure? Bitcoin Exchange Reserves Hit 4-Year Low

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Bitcoin has started a recent downtrend that is threatening its position above the coveted $40,000 level. This is presumed to be caused by major sell-offs in the market. However, exchange metrics continue to show that this is not entirely the case. Exchange balances have been plummeting for the past year pointing towards massive accumulation trends and this has come to a head after bitcoin exchange balances have touched a new 4-year low. Exchange Balances Plummet It is no secret that the bitcoin being left on centralized exchanges has been declining.…

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Bitcoin Seized from Silk Road to Pay Ross Ulbricht’s $183M Debt to the US Govt.

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Summary: Silk Road’s creator Ross Ulbricht will have his debt to the US government wiped off He owes the US Government $183 million, and it will be paid for using $3 Billion in Bitcoin connected to another unnamed Silk Road hacker The figure he owed the government was the amount he was ordered by the courts to pay in restitution for illegal sales on the online black marketplace of Silk Road The infamous Silk Road marketplace creator, Ross Ulbricht, will have his $183 million debt to the US government paid…