US Cracks Down on Bitcoin Exchange | This Week in Crypto

US regulatory authorities brought a series of civil and criminal charges against BitMEX. The CEO and company owners are responsible for offering illegal crypto derivative trading services to US customers and violating the Bank Secrecy Act. One of the founders, Samuel Reed has already been arrested; the others remain universal. Since the news came out, more than 45,000 bitcoin has been removed from the crypto exchange in Seychelles.

Diginex is the first company ever with a cryptocurrency exchange to have its stock listed for trading on the Nasdaq. The ticker symbol for the stock is EQOS, it all happens after the company managed to raise $ 50 million in capital.

Cryptocurrency exchange Coinbase adds a new way to withdraw money from your Coinbase account. If you have added a compatible debit card to your account, you can transfer US dollars, euros or British pounds to your bank account almost instantly. The new feature is available in nearly 40 countries including the US, the UK, and many throughout Europe.

The Bitcoin network has already passed the 18.5 million BTC mark in circulation. With only 21 million Bitcoin to issue, this means there are less than 2.5 million BTC left, or about 11.9% of the total amount of Bitcoin to produce. Half of the remaining Bitcoin will be mined within the next four years, but the last Bitcoin is not expected to be mined until 2140.

And now, today’s Bitcoin Quick Question is: What is a block explorer? Block explorer is an online platform that allows you to search and analyze unchangeable history from the blockchain. As you may remember, the blockchain is an open, transparent ledger – and blockchain is the tool to access all of its data.

You might think of it as Google the blockchain.

Using a block probe, you can get information about transactions, whether yours or others, such as specific wallet addresses, amounts or transaction status.

You can also explore additional data such as maximum coin holders or network fees, and you can do even deeper analysis.

Finally, it is important to remind you that each blockchain has its own blockchain explorer.

If you would like to know more about block auditors, please visit the link in the description below.

Do you have a question you want us to answer? Leave it in the comments section below.

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That’s what’s happened this week in crypto. See you next week.