Benito Cormi

Record High: Bitcoin’s Hashrate Surges to 549 EH/s in Early 2024 Despite Increasing Difficulty and Declining Hash Price

Benito CormiJan 7, 20242 min read

Record-Breaking Bitcoin Hasrate in 2024 Bitcoin’s hashrate has reached a new all-time high in the first week of 2024, hitting 549 exahash per second (EH/s) on…

DeSantis Pledges to Eliminate IRS, Promotes Flat Tax in Presidential Campaign Amid Strong GOP Competition

Benito CormiJan 7, 20242 min read

DeSantis Aims to Overhaul the IRS and Implement a Flat Tax In recent town hall gatherings, Republican presidential candidate Ron DeSantis expressed his plans to abolish…

Mysterious Transfer of Million-Dollar Bitcoin Triggers Surge of ‘Dust’ towards Satoshi’s Original Wallet

Benito CormiJan 7, 20243 min read

A Mystery Gift to Satoshi Nakamoto’s Genesis Wallet Triggers a Wave of Micro Transactions On January 5, 2024, an unidentified individual sent 26.917 bitcoin, worth $1.19…

The Potential Conflict between Central Bank’s Cashless Policy and the Ban on Cash Withdrawals from VASPs’ Operated Accounts – Insights from a Nigerian Lawyer

Benito CormiJan 7, 20243 min read

Reasonable and Understandable Guidelines Nigerian fintech lawyer Senator Ihenyen acknowledges that the Central Bank of Nigeria’s (CBN) new guidelines, which prohibit cash withdrawals from virtual asset…

Week in Review: New US Crypto Tax Law, SEC Continues BTC ETF Process, Saylor Expands BTC Holdings, and More

Benito CormiJan 7, 20244 min read

New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days Starting from the beginning of…

Taiwanese Authorities Detain Crypto Exchange Executives Suspected of Committing Fraud, Finds Report

Benito CormiJan 7, 20242 min read

Arrests Made in Cryptocurrency Fraud Case The police in Taiwan have made arrests in a major cryptocurrency fraud case involving one of the region’s largest cryptocurrency…

Approval Granted for Pilot of Stablecoin by Nigerian Bank-Fintech Consortium

Benito CormiJan 7, 20242 min read

ASC’s Stablecoin Scheduled for Late February Launch The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative…

New Cryptocurrency Offering by Former Citi Executives Sidesteps SEC Regulation

Benito CormiJan 7, 20243 min read

Introducing Bitcoin Depository Receipts A group of former Citigroup executives has launched a new product called Bitcoin Depository Receipts (BTC DR). This offering is designed to…

Growing Worries over Possible SEC Denial of Spot Bitcoin ETFs, Analyst’s Assessment

Benito CormiJan 6, 20243 min read

Concerns Mount Over the SEC’s Decision on Spot Bitcoin ETFs The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs)…

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