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Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

Researcher Accuses MrBeast of Promoting Scam Tokens and Earning Over $10 Million: Full Details of the Case

Researcher Accuses MrBeast of Promoting Scam Tokens and Earning Over $10 Million: Full Details of the Case

Recent investigations in the cryptocurrency world have sparked serious accusations against popular YouTube blogger MrBeast. Anonymous on-chain data analyst, known as SomaXBT, claims that MrBeast earned over $10 million by investing in low-cap tokens and subsequently promoting them. These accusations have garnered significant attention within the crypto community and beyond.

Former FTX Executive Calls Imminent Prison Sentence an "Exciting" Experience: Ryan Salame Prepares for 7.5 Years Over Illegal Political Donations

Former FTX Executive Calls Imminent Prison Sentence an "Exciting" Experience: Ryan Salame Prepares for 7.5 Years Over Illegal Political Donations

In the world of fintech and cryptocurrency, the name Ryan Salame has become synonymous with scandals and legal repercussions. The former CEO of FTX Digital Markets, Ryan Salame, is required to report to a federal correctional facility on October 11, 2024, to serve a 7.5-year prison sentence. This news

BitMEX Admits Guilt in Violating U.S. Bank Secrecy Act: An In-Depth Analysis of the Legal Battle and Its Implications for the Crypto Industry

BitMEX Admits Guilt in Violating U.S. Bank Secrecy Act: An In-Depth Analysis of the Legal Battle and Its Implications for the Crypto Industry

IntroductionIn a landmark development for the cryptocurrency industry, BitMEX, a prominent cryptocurrency exchange and derivative trading platform, has admitted to violating the United States Bank Secrecy Act (BSA). This admission marks a significant turn in the ongoing legal battle between BitMEX and U.S. authorities, emphasizing the critical need for

Ethereum Dominates the Blockchain Fee Revenue Chart with $2.72 Billion

Ethereum Dominates the Blockchain Fee Revenue Chart with $2.72 Billion

In a recent analysis by Lookonchain experts, Ethereum has emerged as the leader in blockchain fee revenue, raking in a staggering $2.72 billion over the past year. This impressive figure positions Ethereum at the top of the list, significantly outpacing its closest competitor, Bitcoin, which generated $1.30 billion

SEC Files Lawsuit Against Silvergate Bank for Alleged Reporting Violations and Mismanagement

SEC Files Lawsuit Against Silvergate Bank for Alleged Reporting Violations and Mismanagement

The United States Securities and Exchange Commission (SEC) has initiated legal action against Silvergate Bank and several of its top executives. This move stems from accusations that the bank failed to comply with certain regulatory requirements, including reporting obligations, internal accounting controls, and the proper maintenance of financial records. The

UwU Lend Offers $5 Million Reward for Identification of Hacker Following Multiple Attacks

UwU Lend Offers $5 Million Reward for Identification of Hacker Following Multiple Attacks

In the rapidly evolving world of decentralized finance (DeFi), security breaches continue to pose significant challenges. The latest victim, UwU Lend, has been hit by a series of hacking incidents that have resulted in substantial financial losses. In an unprecedented move, the platform is now offering a $5 million reward

The Crypto Assets and AI Technology Market to Reach $20 Trillion by 2030, Predicts Senior Analyst

The Crypto Assets and AI Technology Market to Reach $20 Trillion by 2030, Predicts Senior Analyst

Bitwise's senior analyst has forecasted that within six years, the combined market of digital assets and AI technology will reach $20 trillion. He believes these industries are closely intertwined and will continue to strengthen this connection. Juan Leon, senior analyst at Bitwise Asset Management, stated that by 2030, the total

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network, a prominent Web3 infrastructure provider, has announced a change in its token ticker to ZKJ from the previously used ZK. This decision comes amidst a contentious dispute with zkSync over the use of the ZK ticker. The change was reported by The Block, which cited an official statement

Chinese Authorities Expose a $1.9 Billion Underground Bank Using USDT for Illicit Transactions

Chinese Authorities Expose a $1.9 Billion Underground Bank Using USDT for Illicit Transactions

In a major operation spanning 26 provinces, Chinese law enforcement has uncovered an underground banking network that engaged in illegal financial activities using Tether (USDT), a popular stablecoin. This operation involved the seizure of approximately 13.8 billion yuan ($1.9 billion) and the detention of 193 suspects, indicating a