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What has changed after Bitcoin’s first update in 4 years?

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Bitcoin is recovering after a very bad week

Bitcoin has been updated for the first time in 4 years

More transaction privacy and efficiency with allow more direct transactions and smarter contracts.

The founder of a bitcoin-focused venture firm says the update matters “because it opens a breadth of opportunity for entrepreneurs interested in expanding bitcoin’s utility”.

The latest update has gained much more support in comparison to the last update in 2017.

Digital multi-signature transactions will be unreadable making complex and basic ones undistinguishable.

These smart contracts will now have more functions, from paying your monthly rent to registering your vehicle.

The update was planned to rollout in June but has been delayed by 5 months.

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Celebrities busted over illegal crypto scheme

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Agreements have been settled without admitting guilt

 
Eight celebrities have been busted over allegations they’ve been participating in an illegal crypto scheme.

The stars, including Lindsay Lohan, Logan Paul and Soulja Boy, were all charged following an investigation by the U.S. Securities and Exchange Commission.

Lohan and Paul have reportedly settled the matter without admitting guilt.

But, regardless, it’s just another bad look for the already embattled crypto industry.

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Crypto fugitive Do Kwon arrested in Montenegro

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He was carrying falsified documents at an airport

One of the world’s most wanted crypto fugitives has been arrested in Montenegro.

It’s a long way from home for South Korean entrepreneur Do Kwon, who’s accused of orchestrating a multi-billion-dollar fraud scheme.

Kwon was connected to the TerraUSD stablecoin, which saw $40 billion erased from its holders.

He was reportedly arrested at an airport after carrying falsified documents.

It follows a red notice being issued by South Korea last September.

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SEC sues Jake Paul over paid crypto promotions

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The issue is linked to Tron founder Justin Sun

The U.S. Securities and Exchange Commission (SEC) is suing YouTube personality Jake Paul over a promotion of cryptocurrencies linked to Tron founder Justin Sun.

The SEC is accusing Paul of a paid promotion of assets without disclosing those payments to the public.

Other celebrities such as Lindsay Lohan, Ne-Yo and Akon and are also being investigated for their involvement.

Meanwhile, the SEC is going after Sun for potential fraud and market manipulation.

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