Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange.
Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Crypto Price Today: Bitcoin Sinks to Two Month Low Pricing, Ether, Most Altcoins See Losses
In the last 24 hours, the overall crypto market cap fell by 4.28 percent. Bitcoin and Ether – both reflected losses of over five percent on Wednesday, May 1. Most cryptocurrencies showed more losses than profits today. Loss-making altcoins include Solana, Ripple, Dogecoin, and Cardano.
IIT Madras Moves Student Election Voting to Blockchain, Identifies Challenges
The student election voting system in IIT Madras is now working on blockchain networks rather than traditional centralised servers. In conversation with Gadgets 360, the institute said that its experiments with blockchain should not be seen as ‘betting on crypto,’ rather as a pilot into exploring the distributed ledger technology on a wider scale.
UK’s Cashaa to Expand its Multifunctional Crypto Wallet Service in India: Details
UK-based crypto wallet firm Cashaa has announced the expansion of its services to India and other locations that include Turkey, Indonesia, Kenya, South Africa, as well as the UAE. Through its services and broader geographical expansion, Cashaa is aiming to stir more engagement around its native token called CAS.
IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans
IIT Madras is taking efforts to list rules that could potentially oversee the metaverse sector. The committee will address the technical and ethical shortcomings to make the industrial uses of this digital technology safer and more advanced.
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by the BWA.
Crypto Price Today: Bitcoin Trading at $63,000, Most Altcoins Remain Shrouded by Losses
The overall crypto market cap tumbled by 0.73 percent in the last 24 hours. As of Monday, April 29, Bitcoin was trading in loss whereas Ether managed to book a profit of 2.35 percent. Most cryptocurrencies followed Bitcoin on the loss-making side of the crypto chart and registered dips on Monday.
US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.
Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.
Crypto Price today: Bitcoin, Ether See Upward Momentum, Solana and Dogecoin Retain Gains
The overall market cap of the crypto sector rose by 1.37 percent in the last 24 hours. Both, Bitcoin and Ether on Wednesday, April 24 recorded losses. They were also joined by Tether, Ripple, and Dogecoin among other cryptocurrencies.