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2024-04-24 09:10:17 Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022. Terraform Labs and Kwon were found liable on civil fraud charges earlier this month, when a Manhattan jury concluded that they had misled investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases for the Terra blockchain.

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2024-04-23 19:05:33 Binance unveils spot copy trading feature in automated strategy tools expansion

Binance, the largest crypto exchange by trading volume, is set to roll out a new spot copy trading tool — enabling users to follow and automatically execute the same trades as some of the platform’s top traders. “At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them,” Binance CTO Rohit Wad said in a statement shared with The Block.

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2024-04-23 11:05:11 Bitwise: Bitcoin Will Have 'a Great Next 12 Months'

Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin.

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2024-04-22 21:10:44 Mt. Gox creditors report bitcoin and bitcoin cash payment update on claims system

Multiple Mt. Gox creditors have reported that the trustee has updated claim accounts with bitcoin and fiat repayment data. According to users of the Mt. Gox insolvency subreddit, the Mt. Gox trustee has added specific amounts to be repaid and dates of the completion of repayment to their claim accounts. Multiple screenshots show that the repayment status in the fiat currency repayment claim section is labeled complete. A number of users have claimed that they received fiat currency repayments in their bank accounts.

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2024-04-21 20:10:31 Mt Gox: Euphoria Hits Community As New Repayment Date Comes Into View

Mt Gox may be nearing the final stage of its much-anticipated repayment process to its creditors as the community recently took to Reddit to celebrate the new updates on its website. One Reddit user dubbed Due_Career_4786 stated that the Mt Gox website went down a few days ago due to some suspected technical discrepancies. He precisely mentioned that the glitch was a function of an ongoing update being carried out on the platform.

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2024-04-21 10:39:57 Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts

Onchain fees have soared to their highest level since block height 840,000 and continue to stay elevated. At approximately 9 p.m. ET on Friday, a high-priority fee on the Bitcoin network escalated past the $240 per transfer mark. Currently, fees are hovering around 590 satoshis per virtual byte (sat/vB), which equates to approximately $52 per transfer. The significant increase in fees has generated a considerable amount of discussion within the cryptocurrency community over the past 12 hours.

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2024-04-20 18:39:57 Tether brings USDT and gold stablecoins to the TON blockchain

Stablecoin issuer Tether is launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins on The Open Network blockchain. USDT on TON will go live on April 20, and XAUT on TON will follow in the coming months, Tether CEO Paolo Ardoino told The Block. While USDT is available on over a dozen blockchains, TON is the second blockchain XAUT is expanding onto after Ethereum, Ardoino said.

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2024-04-20 10:05:19 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards

Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.

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2024-04-20 06:29:51 Bitcoin network completes the fourth-ever ‘halving’.

The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.

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2024-04-19 19:40:33 Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran and tempered action from Israel, this morning saw a turnaround as the broader crypto market rose by more than 4%.

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