CEO Elon Musk has expressed much interest in integrating viable payments methods into the social media platform, which is being rebranded as X. Musk envisions an everything app that could potentially alleviate the massive debt accumulated by the company via digital payments, including crypto options.

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Amid international sanctions, the Russian Bitcoin (BTC) mining industry is experiencing rapid growth as mining machine manufacturers like Bitmain and MicroBT expand their operations into the country. According to Ethan Vera, COO of Luxor Technologies, more mining machines are being deployed in Russia than anywhere else in the world.

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The Department of Justice (DOJ) has reportedly decided not to pursue a campaign finance charge against Sam Bankman-Fried (SBF) in connection with his extradition from the Bahamas.

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The CFTC had filed a lawsuit in March, alleging that Binance, along with its founder Changpeng Zhao and compliance officer Samuel Lim, conducted derivatives trading operations in the United States and instructed American employees to hide their locations to evade regulations.

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