US wants more than $4 billion from Binance to end case The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on the platform. Zhao stepped down…

SEC delays decision over the conversion of the Hashdex Bitcoin futures ETF to spot The Securities and Exchange Commission has decided it needs more time before deciding on whether or not to allow a Bitcoin futures ETF and an Ethereum futures ETFs to convert to spot ETFs, the agency declared Wednesday in separate filings. In response to the September filing for the Hashdex Bitcoin…

Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology in partnership with Genesis Coin Inc. to all…

SEC may approve bitcoin ETF on November 2nd In the wake of the US Securities and Exchange Commission’s (SEC) recent decisions, the Bitcoin community’s focus sharpened. …

Bitmain unveils new T21 bitcoin miner On Wednesday, bitcoin mining rig manufacturer Bitmain announced the introduction of a new air-cooled BTC miner, the T21 Antminer. The new device boasts a production capacity of up to 190 terahash per second (TH/s) and maintains an efficiency ratio of approximately 19 joules per terahash (J/T). After the recent unveiling…

Coinbase advanced expands Perpetual Futures trading to non-US jurisdictions Coinbase has revealed that customers residing in eligible non-US regions now have the opportunity to engage in perpetual futures trading on Coinbase Advanced, the firm’s specialized platform designed for discerning retail traders. Starting on October 18, traders will be able to employ USDC as their currency of choice to place…

Bitcoin Lightning Network growth jumps 1,200% in 2 years A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange. Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared…

SBF trial to begin as judge says he faces “very long sentence” if convicted Sam Bankman-Fried’s criminal trial is beginning this week with jury selection on Tuesday morning. SBF, the 31-year-old man behind bankrupt cryptocurrency exchange FTX, is facing seven criminal charges with maximum sentences adding up to 110 years. “Your client in the event of conviction could be looking at a very long…

SEC postpones verdict on Ark 21Shares and Global X spot Bitcoin ETFs The Securities & Exchange Commission (SEC) recently announced a delay in its verdict on the Ark 21shares Bitcoin ETF. Consequently, the SEC has marked January 10, 2024, as the decisive day to either greenlight or reject the proposed amendment. A statement from the U.S. securities authority highlighted its decision to…