Archive for  April 2024

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prison time

FTX has completed its second auction of Solana coins.
According to The Block’s sources, bids on SOL ranged from $85 to $110. Bids of $95 and up went through.

It was also learned that Galaxy Trading had again raised funding for the auction.

The next auction will begin on May 1.

Coinbase has begun supporting the Lightning Network. The exchange has partnered with Lightspark for this integration.
Transfers through Lightning will be subject to a 0.1% fee. There will also be a withdrawal limit of $2000 in BTC at launch.

Alliance Resource Partners, the largest coal mining company in the eastern United States, announced that it is using excess electricity to mine BTC starting in the second half of 2020.
The company currently holds 425 BTC worth $30 million and also provides electricity to other miners.

MicroStrategy has released earnings and loss data for the first quarter of 2024.
The company holds 214400 BTC worth $7.54 billion with an average price of $35180.
In April, MicroStrategy purchased an additional 122 BTC for $7.8 million.

Compared to last year, the company’s revenue decreased 5% to $115.2 million.

Net operating loss totaled $53.1 million.

MicroStrategy has not yet adopted the new fair value accounting standard for digital assets.

Under the old system, the company valued its bitcoin assets at $5.1 billion at the end of the quarter at a price of $23680 per unit.

Under the old system, the company valued its bitcoin assets at $5.1 billion at $23680 per unit. However, the March closing price was $71028.

The director of security company Casa, Jameson Lopp, carried out a grifting attack on a bitcoin test network. In such an attack, the attacker intentionally sends out spam transactions.

Lopp managed to create 165,000 blocks in a week, which under normal circumstances would have taken 3 years. He spent $1 worth of electricity on this attack.

Lopp had previously pointed out a vulnerability in the consensus of the test network that allowed a large number of blocks to be created in a short period of time. He said the attack was a demonstration of how easily this vulnerability can be exploited.

“The funny thing is that the scammers who run exchanges and trade test network tokens for real money noticed it almost immediately,” Lopp said.

Overall, the attack caused a failure to synchronize nodes in the bitcoin test network.

Lopp believes that the incident should be viewed as a “free stress test.”

Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to charges of conspiracy to launder money and conspiracy to operate an unlicensed funds transfer business.
According to CoinDesk, Rodriguez was released on $1 million bail. His hearing will be held on May 14.

Rodriguez and William Hill were arrested last week.

Six spot bitcoin and Ethereum ETFs have been launched on Hong Kong’s HKEX.

The products are managed by China Asset Management, Harvest Global, Bosera and HashKey.

Exchange-traded funds are also available to qualified investors outside Hong Kong (but not from mainland China).

we are launching Seed Round

According to FOX, Consensys lawsuit states that the Securities and Exchange Commission (SEC) approved an investigation into Ethereum on April 13, 2023.
Five days after that, Gary Gensler appeared before the House Financial Services Committee, where he refused to answer the question of whether Ethereum is a security.

Gensler had previously hinted that Proof-Of-Stake (PoS) based tokens could be verified by the Howey test.