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Finland has secured $47.5 million after selling around 1,890 seized Bitcoin (BTC). Yle, Finland’s national public broadcasting company, reported, citing an announcement from the  Finnish Customs on Thursday, July 21. According to the agency, the BTC came from drug busts and was legally forfeited to the state after court rulings. The bulk of the BTC - around 1,666 came from raids before 2018. However, Finnish authorities took their time before deciding what to do with the funds. The government announced…

South Korean prosecutors raided local crypto exchanges on Wednesday, July 20, as part of the investigation on Terraform Labs. Yonhap reported, citing a message from the prosecution office. The raid saw a team of investigators from the Seoul Southern District Prosecutors seize transaction records and other data from seven exchanges. Upbit, Bithumb, Gopax, Korbit, and Coinone are among the raided exchanges. Also, the bust saw the investigators visit eight other residential and office addresses. These include the homes and offices…

Solidproof, one of the crypto industry’s top auditors, has recently verified its social channels, including Twitter, YouTube, and Telegram. It is an important step in the German company’s development and mission to provide complete transparency. Meanwhile, Solidproof continues to audit the smart contracts of new projects and perform KYC verifications on their development teams. The company provides constant updates on all its audits on the official website. This way, it ensures crypto users have an accurate image of the projects…

The blockchain industry is exploding, as evidenced by the trend in staking. Staking helps you participate in the blockchain industry by holding onto your coins and receiving rewards.  Simple POS Pool is one of the most popular staking platforms, offering users various perks and benefits. In this article, we'll take a closer look at Simple POS Pool and what it has to offer users. What Is Simple POS Pool? Simple POS Pool is a way to make money by staking…

Cardano is a decentralized public blockchain and cryptocurrency project launched in September 2017. The Cardano project consists of two layers: the first layer, which consists of a settlement layer, and the second layer, which consists of a computing layer.  Crypto staking is the process of holding a particular cryptocurrency to receive rewards. These rewards vary based on the number of coins or the time you hold them.  This process has become popular with investors and holders of various digital assets.…

The creators of Minecraft have announced new guidelines that prohibit the use of blockchain technology in connection with the game. In a post published on Wednesday, the studio voiced its disapproval of NFTs, citing their tendency to be “exclusive” and “scarcity-bound”. The Microsoft-owned studio, Mojang, stated that it made the decision for the security and enjoyment of its players. New "No NFTs" Guidelines The updated guidelines state that Minecraft does not permit the integration of blockchain technologies inside the game.…

Both Ripple co-founder Chris Larsen and Strike CEO Jack Mallers spoke extensively about proof of work (POW) at Bloomberg’s Crypto Summit on Tuesday. While the former believes the consensus mechanism is an existential threat to the planet, the latter sees no way that Bitcoin could function without it. Larsen: POW Has Poor Incentives During his interview, Larsen described Bitcoin mining as a “problem” responsible for contributing to the worldwide climate crisis. Rather than castigating miners themselves, he blames Bitcoin’s programming…

After a long month of generous bailouts, crypto exchange FTX now eyes fresh funding at a flat valuation. As reported by Bloomberg, individuals familiar the matter say FTX and FTX US are both fundraising. They each chose to remain anonymous as they aren’t authorized to discuss the matter. The firm is targeting a round that is roughly equal to its $32 billion valuation from January, following its $400 million raise in January. FTX US also raised $400 million at the…

Polygon – a top platform for Ethereum scaling and infrastructure – has announced the launch of Polygon zkEVM. The program will allow Ethereum to scale to global use such that transactions can be settled instantly and nearly for free. . The Holy Grail of Scaling In an interview with CoinDesk, Polygon co-founder Mihailo Bjelic described zkEVM as the “holy grail” and “missing component” concerning Ethereum’s mass adoption. It combines three critical features: Ethereum compatibility, security, and scalability. The first feature…