See why crypto billionaire abandons Ethereum
Su Zhu, the CEO of Three Arrows Capital, delivered a harsh tweet against Ethereum and its community. He claims to have firmly abandoned the second-largest cryptocurrency due to its exclusive nature for newcomers, which he attributes to its discriminatory nature for newcomers. Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum […]
El Salvador to have a volcano-powered ‘Bitcoin City,’ according to President Bukele
El Salvador’s Bitcoin-friendly president, Nayib Bukele, declared on Saturday during a Bitcoin investment meeting that his nation aims to construct the first “Bitcoin City.” The city will be situated between the towns of La Unión and Conchagua in the eastern department of La Unión. The first expenses of creating the so-called “Bitcoin City ” will […]
IRS seized crypto worth $3.5B this year and it expects to seize much more in 2022
The Internal Revenue Service (IRS) of the United States released its annual Criminal Investigation (CI) report on Thursday. The bureau claimed seizing $3.5 billion in cryptocurrency during the fiscal year 2021. According to the most recent criminal investigation report, this sum accounted for 93% of all assets confiscated by the IRS that year. The IRS […]
Report shows Citadel founder Kenneth Griffin beat crypto group in US Constitution copy auction
Citadel founder and CEO Kenneth Griffin won last night’s frantic bidding for a rare copy of the United States Constitution, according to the Wall Street Journal. The winner of yesterday night’s frenzied auction for a rare copy of the United States Constitution, which spurred a week-long attempt among a group of crypto enthusiasts to amass […]
CZ: Before going public, BinanceUS intends to raise a few hundred million dollars
Binance US (the cryptocurrency exchange’s American subsidiary) expects to raise hundreds of millions of dollars in a capital round, according to Changpeng Zhao, the company’s CEO. Zhao (also known as CZ) stated at the Bloomberg New Economy Forum in Singapore that he did not know the precise amount of new money. However, it will be […]