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An emerging development shows that Virgil Griffith pled guilty to assisting North Korea in avoiding U.S sanctions. According to a release, the idea was to use cryptocurrencies and blockchains to commit the unlawful act. Thus, it goes against the International Emergency Economic Powers Act (IEEPA). A U.S attorney believes that the confession is a step further to deal with America's foe. His sentence will take place on January 18, 2022. Virgil Griffith is Guilty Headlines about Virgil Griffith began to emerge in November…

The China-based Ethereum mining pool SparkPool has decided to halt its services for all users. The platform posted the development to their website and Twitter account on Monday. The firm is one of the world's largest Ethereum mining pools. SparkPool stated that it is doing so due to stricter enforcement of crypto mining bans in the country. Also, it announced that it was suspending access to new users in mainland China. In addition, the entity intends to stop existing users in China and abroad…

Emurgo took to their official Twitter account on the 26th of Sep 2021 to confirm the announcement that they are ready to invest $100M in the Cardano ecosystem. Emurgo had made this announcement at the Cardano Summit. Cardano ‘Stretches’ to Support DeFi, NFTs, and Blockchain Education On the 26th of Sep 2021, Emurgo, the commercial of crypto giant Cardano, took to its official Twitter account to confirm that it intends to invest $100M in Cardano’s Ecosystem. The vast funding will support the development of DeFi and NFTs on Cardano’s…

Brian Armstrong, CEO of Coinbase, has announced a new feature that boosts convenience for regular traders on his company’s platform. Users can now deposit some or all of their paycheck directly to their Coinbase wallet. Straight To The Coinbase Exchange Coinbase’s blog announced that the new feature will save users time from steps formerly necessary for transferring money. Rather than manually moving funds from their PayPal or bank accounts, traders can send their paychecks directly to Coinbase. This makes life…

Jamie Dimon, CEO of JPMorgan, recently gave an interview to discuss the state of the global economy. When asked about Bitcoin, he expresses total indifference towards the technology, regulation, or price. However, he also acknowledges that it could rise by 1000% within half a decade. Jamie Dimon: Economy is Fine, Bitcoin is an Afterthought While speaking with the Times of India, the JPMorgan CEO touched upon America's default risks, national inflation rates, and his feelings around the crypto regulatory debate. Regarding the economy,…

While much progress has been made on the issue, cryptocurrency adoption remains a significant fight for the broader digital asset industry. Many people have put a lot of work into supporting crypto adoption. For instance, the authorities should be the first to understand the benefits of these assets. In Ukraine, that fight is nearing an unpredictable success. Hello to “On Virtual Assets” Earlier in September, the Ukrainian Parliament adopted new laws. The regulations deal with the activities of domestic and foreign cryptocurrencies…

El Salvador has been in the news for months now, with the country being the first to accept Bitcoin as legal tender. Ever since the news broke, critics have expressed differing opinions about its meaning for the El Salvador people. However, it would appear that Bitcoin adoption might be ramping up in the Central American country. Chivo Grows Its User Numbers Last weekend, President Nayibb Bukele of El Salvador said on Twitter that his country’s Chivo Bitcoin wallet had already gotten 2.1…

We will remember 2021 for a lot of things. However, the rise of “Ethereum killers” might be the most prominent. Essentially, these are blockchains looking to match Ethereum in terms of performance. This way, these Ethereum alternatives can take from its market share. September was a big month for these Ethereum killers. The blockchains themselves got significant adoption as they continued their mission to usurp Ethereum, and their native tokens ultimately delivered impressive price gains as well. SOL Takes the Crown…

The ruling Democratic Party of Korea (DPK) has resolved to delay imposing taxes on gains from cryptocurrency transactions. The DPK reached a verdict to reschedule the timing for another year than earlier planned. South Korean politician Hong Nam-ki affirms that the crypto tax code will start soon. The majority Democratic Party has been aiming to postpone it to 2023. This development comes ahead of the presidential election next year. It is targeting a voter base under 30 years who have invested heavily in the digital asset.…