News

The Federal Court of Australia has ordered Bit Trade, which manages the Australian division of the American centralized cryptocurrency exchange Kraken, to pay $5.1 million following a lawsuit from the Australian Securities and Investments Commission (ASIC).

The Vancouver City Council has accepted the mayor's proposal to explore the possibility of implementing Bitcoin into the financial system. This was reported by the portal Forklog.com.

The price of Bitcoin could reach $250,000 by 2025. This was stated by Tom Lee, co-founder of the analytical firm Fundstrat, during a CNBC broadcast.

The second-level project Fuel, which positions itself as "the fastest modular execution layer in the world," is launching its namesake token as part of its network decentralization strategy. This was reported on the project's official social media channels.

The U.S. Commodity Futures Trading Commission (CFTC) has filed a complaint against a pastor of a Spanish church in Washington state, who allegedly promoted a fraudulent cryptocurrency Ponzi scheme among his parishioners.

The company Circle and the cryptocurrency exchange Binance have partnered to expand the global presence of the stablecoin USDC.

Engineers from St. Petersburg State University have developed an electricity meter based on artificial intelligence to combat illegal mining. This was reported by the portal Investing.com.

The authorities of Abkhazia have decided to disable the internet to combat cryptocurrency mining. This was reported by the portal Investing.com.

A deputy of the State Duma of Russia from the "Novye Lyudi" faction, Anton Tkachev, proposed to Finance Minister Anton Siluanov to create a strategic Bitcoin reserve. This was reported by TASS.

A law has been passed in the Czech Republic that simplifies financial operations for crypto companies and introduces a tax exemption for digital currency holders. This is reported by the DL News portal.