In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a six-month winding-down process starting from May 7, 2024. Effective immediately, all new signups and ad postings are disabled, and […]

Elon Musk Meets President Milei, Reccomends to Invest in Argentina
https://news.bitcoin.com/elon-musk-meets-president-milei-reccomends-to-invest-in-argentina/

Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […]

Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
https://news.bitcoin.com/nigerian-sec-to-delist-local-currency-from-p2p-crypto-trading-platforms/

The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by P2P cryptocurrency traders. P2P Crypto Transactions Ban The Nigerian Securities and Exchange […]

Bitcoin Lightning Network Infrastructure Provider Mash Is Shutting Down Its Current Version
https://news.bitcoin.com/bitcoin-lightning-network-infrastructure-provider-mash-is-shutting-down-its-current-version/

In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $6 million seed round in June 2022 to build out its usage-based revenue model for content creators. All products and services will cease to function […]

US Sanctions Lockbit Leader in Ransomware Crackdown
https://news.bitcoin.com/us-sanctions-lockbit-leader-in-ransomware-crackdown/

On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […]

Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
https://news.bitcoin.com/australian-tax-office-seeks-personal-transaction-details-from-1-2-million-cryptocurrency-users/

The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others are intentionally avoiding payment. Australian Tax Office Targets 1.2 Million Cryptocurrency Users The Australian […]

Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
https://news.bitcoin.com/worldcoin-ceo-met-with-argentine-government-officials-amidst-ongoing-probes/

Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […]