🕵️♂️ The SEC (https://www.sec.gov/newsroom/press-releases/2024-95) has charged the co-founders of NovaTech with running a financial crypto pyramid scheme, through which they collected $650 million from investors. The pyramid scheme network involved 200,000 clients worldwide, with users being deceived by partial payouts funded by other investors instead of receiving real returns.
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⛏ Bitcoin miners' daily revenue has hit a new yearly low of $2.5 million, a level last seen in October 2023. For comparison, during the first four months of 2024, miners were earning around $6 million per day.
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🚗 The California Department of Motor Vehicles has digitized 42,000,000 vehicle titles using the Avalanche blockchain. This move aims to simplify the process of transferring ownership between vehicle owners. This initiative is one of the first steps in the governor's plan to integrate blockchain solutions into the operations of state agencies. We want to prove that the technology works at scale and enables other jurisdictions to adopt similar approaches.
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