A recent study by the blockchain analytics platform TRM Labs showed that cash-to-crypto transactions facilitated by crypto ATMs have surged since 2019. According to the report, criminal elements utilized crypto ATMs to move illicit funds, with roughly $160 million processed already. Growing…
Following accusations that the Ethereum network does not care about decentralized finance (DeFi), Vitalik Buterin has downplayed the criticisms over alleged neglect. According to the Ethereum co-founder, DeFi has been an important part of Ethereum’s ecosystem core principle. Frustrations over Ethereum’s DeFi…
Pig Butchering Scams Targeting US Investors United States authorities have made significant strides this week in tackling a major pig butchering scam, recovering millions of dollars in cryptocurrency, and sending a former bank CEO to prison. The US District Attorney’s Office for…
Tether to Introduce Dirham-Backed Stablecoin in UAE Tether, the dominant force in the stablecoin sector, is set to launch a new digital currency backed by the United Arab Emirates dirham (AED). This move is part of a collaboration with the UAE’s Phoenix…
Ledn Secures Pioneer $50M Bitcoin-Backed Loan Ledn, a prominent digital lending platform, has received approval for a $50M loan backed by Bitcoin. This loan, syndicated by Sygnum, a global digital asset banking group, marks a significant development in the integration of digital…
Crypto AI Projects Face New Challenges Recent fears on Wall Street about a possible AI bubble burst have raised concerns about the future of AI-focused crypto projects. As AI technology gains mainstream attention with advancements like ChatGPT, investors poured money into various…
45% of Bitcoin Supply Unmoved for 6 Months New research from Glassnode has highlighted a significant trend in the behavior of Bitcoin holders. According to their latest data, 45% of the total Bitcoin supply has remained inactive for at least six months….
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BlackRock’s iShares Ethereum Trust Leads with $188.4M Inflows Spot Ether (ETH) exchange-traded funds (ETFs) in the United States have achieved a significant milestone following their first positive net flows since their launch on July 23. SoSoValue’s ETF tracking data showed that the…
Following the launch of the updated draft of the 1099-DA crypto tax form by the US Internal Revenue Service (IRS), crypto traders and investors must report all transaction activities involving digital assets. The updated legislation, set to go into force in 2026,…
Bernstein Group observes a steady growth in Bitcoin adoption among institutional clients amid the turbulent crypto market. As Bitcoin and Ethereum plummet further, investors rush to exit the risky assets. The market crash catalyzed by the looming global recession called for experts’…
Terra Blockchain has reported a security breach impacting the loss of hundreds of tokens. On Wednesday, Terra Blockchain suffered a security breach that resulted in the loss of tokens worth millions. The Terra team updated the X community concerning the security breach…
Analysts predict a rate cut from the Fed on Wednesday could propel Bitcoin above $70,000. Crypto experts count on several factors to trigger a critical price breakout for Bitcoin despite the historical trends indicating flat and negative returns in August and September….
On-chain data shows that the US government moved $2 billion of Bitcoin seized from the Silk Road saga to an unmarked digital wallet. On Monday, the US government transferred over $2 billion of BTC seized from the dark web marketplace Silk Road….
On Sunday, Nicolas Maduro was announced as the President of Venezuela after winning the election. The results were announced by the National Electoral Council’s President, Elvis Amoroso, who declared Mr Maduro Venezuelan president, serving for the third term. Nicolas Maduro Wins Venezuela…
Tron Foundation’s founder predicts a shift in China’s stance on Bitcoin to stimulate healthy competition with the US. Tron’s Justin Sun urges China to revise its position and back Bitcoin, similar to Donald Trump’s endorsement of the digital assets in a pledge…
Donald Trump vowed to create a national crypto reverse and never sell crypto seized by the government at the Bitcoin 2024 conference. The appearance of the Republican presidential candidate, Donald Trump, at the Bitcoin 2024 conference renewed the hopes of the crypto…
Massive distribution of BTC by Mt. Gox triggered fears of the potential mass selloff, but experts calm on the effects. The start of the long-awaited repayments of Mt.Gox is triggering fears that beneficiaries will likely fold and sell their BTC, the value…
The renowned Bitcoin enthusiast Mark Cuban was pleased to announce that the Democrat presidential candidate Kamala Haris has been in dialogues with crypto advisors to prepare for the Bitcoin conference in Tennessee. On Tuesday the American crypto investor Mark Cuban received a…
The Cayman-based crypto exchange Gate.io has announced plans to wind down operations in Japan due to regulatory pressure. The renowned centralized crypto exchange Gate.io has confirmed plans to exit the Japanese market. In a July 22 announcement, Gate.io will prioritize complying with…
