Tag: News

Google Cloud to Become Tezos Validator and Offer Validation Services – News Bitcoin News

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Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain company Tezos to become a block validator (“baker”) in its network. As part of this partnership, Google Cloud will also offer Tezos validation services through its platform, allowing easier deployment for customers worldwide. Google Cloud Partners With Tezos Google Cloud announced a partnership with Tezos, a decentralized Web3 company, that aims to make it easier for Google customers to build and maintain services on top of the Tezos blockchain. The company will become a…

Tencent to Offer Metaverse-Building Services for Asian Markets – Metaverse Bitcoin News

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Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds for third-party companies. Tencent to Focus on Offering Metaverse Tools to Third Parties Tencent, one of the biggest Chinese tech companies, has revealed its hand regarding the future of its metaverse strategy. The company announced that it will focus on offering “metaverse-in-a-box” services to its customers…

US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says – Bitcoin News

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Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed. Russian Accused of Laundering Billions Through Crypto May Return Home, According to Lawyer A lawyer for Alexander Vinnik, alleged operator of the infamous cryptocurrency exchange BTC-e, believes that his client may be considered for an exchange of prisoners between the United States and the Russian Federation. David…

Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base – Bitcoin News

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The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy Coinbase is joining the competition of Ethereum L2 scaling projects, such as Polygon, Arbitrum, Optimism, Loopring, Starknet, and others, by launching an L2 called Base. The company announced the launch of the Base testnet on…

US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy – Regulation Bitcoin News

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U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from issuing a CBDC directly to anyone.” CBDC Anti-Surveillance State Act Introduced U.S. Congressman Tom Emmer (R-MN) announced Tuesday that he has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act in the House of Representatives. The recently elected House Majority Whip tweeted: Today, I introduced the CBDC Anti-Surveillance State Act to…

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News

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Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A federal grand jury in the District of Oregon returned an indictment on Wednesday charging the founders of a defi crypto investment platform for what authorities believe to have been a global Ponzi scheme. The entity,…

Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability – Bitcoin News

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Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge Technology According to a recent draft submitted to Github, developers want to create a cross-chain bridge for the XRP Ledger (XRPL). The technology would allow cross-chain transfers and provide blockchain interoperability between XRPL and various…

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace – Bitcoin News

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A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School Crawlspace Crypto Mine A report published by Boston’s WCVB network alleges that Nadeam Nahas, a former school employee in Cohasset, Massachusetts, stole electricity from the district to mine cryptocurrency. Nahas is accused of setting up…

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever – Bitcoin News

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According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary chains allow users to transact faster and pay fewer fees. Thirty-nine days ago, in mid-January 2023, the combined daily transaction count from L2 networks Optimism and Arbitrum surpassed Ethereum’s daily transaction count. However, the transaction…

Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case – Bitcoin News

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Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago by a federal grand jury in Manhattan, and prosecutors charged the crypto exchange co-founder with eight different offenses. The charges include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to…