Vitalik Buterin, Ethereum’s co-founder, proposed a solution to maintain trustless and censorship-resistant access to Ethereum while scaling the network. His proposal, shared on May 19th, focuses on making Ethereum’s layer-1 scaling more user-friendly for those operating personal nodes. Buterin emphasizes…
Coinbase is facing a wave of lawsuits following a disclosed data breach and subsequent extortion attempt. Multiple lawsuits, filed in New York and California federal courts between May 15th and 16th, allege Coinbase failed to maintain adequate security measures, leading…
Metaplanet’s Recent Bitcoin Acquisition Japanese investment firm Metaplanet significantly increased its Bitcoin holdings, purchasing 1,004 BTC for approximately $104.6 million on May 19th. This acquisition represents Metaplanet’s second-largest single Bitcoin purchase, bringing its total holdings to 7,800 BTC, valued at…
Coinbase Faces Class-Action Lawsuit over Biometric Data Collection in Illinois A class-action lawsuit has been filed against Coinbase in Illinois, alleging violations of the state’s Biometric Information Privacy Act (BIPA). The plaintiffs, Scott Bernstein, Gina Greeder, and James Lonergan, contend…
A proposal to simplify Bitcoin’s base unit, Bitcoin Improvement Proposal-177 (BIP-177), has sparked debate within the Bitcoin community. Introduced by developer John Carvalho, BIP-177 aims to eliminate satoshis (100 million satoshis = 1 Bitcoin) and effectively increase the total Bitcoin…
Bitcoin’s remarkable upward trajectory continues, marking its highest-ever weekly close below $106,500 on May 18th, according to TradingView. This surpasses the previous record set in December at $104,400, and follows six consecutive weeks of weekly gains. The cryptocurrency is now…
Australian authorities seized assets worth approximately $2.88 million from a Queensland man, Shane Stephen Duffy, suspected of using proceeds from crime. The seizure, conducted by the Australian Federal Police (AFP)-led Criminal Assets Confiscation Taskforce (CACT), included nearly 25 Bitcoin (BTC),…
Vladimir Smerkis, a former Binance Russia operative and co-founder of the Telegram-based crypto project Blum, has been arrested in Moscow on suspicion of large-scale fraud. The Zamoskvoretsky District Court ordered his pre-trial detention pending investigation. The charges stem from Article…
Bitcoin’s recent surge above $105,500 has fueled predictions of new all-time highs, with some traders raising their year-end price targets to $200,000. This optimism stems from technical analysis and growing institutional investment. While Bitcoin currently trades within a narrow range,…
Roman Storm, a Tornado Cash developer, faces ongoing legal battles, with his attorneys filing a motion urging the court to reconsider the dismissal of the case. The core of their argument centers on the alleged withholding of exculpatory evidence by…
