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WSJ Report Claims Tether Faces US Federal Inquiry on Alleged AML Charges
25.10.2024
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to unnamed sources close to the investigation. This...
Web3 Game Off the Grid Numbers Shine Despite Promotional Drop
25.10.2024
Off The Grid, the so-called Web3 extraction shooter built on the Avalanche blockchain, has maintained momentum after its launch in the early access stages. While the game has fallen from the top 100 most viewed games on the streaming platform Twitch, it has maintained 500,000 daily active addresses...
Buenos Aires Implements Self-Sovereign Decentralized Blockchain ID Initiative
25.10.2024
Buenos Aires’ Innovation and Transformation Secretary, Diego Fernandez, confirmed that Quarkid, a self-sovereign decentralized blockchain ID project, has already been implemented as part of the city’s app, Miba. In a recent interview, Fernandez explained that users who have verified...
8 Months of Inactivity, Then Millions Withdrawn: What’s Going on With the US Government’s Seized Crypto?
24.10.2024
Blockchain monitoring firm Arkham Intelligence has reported that the U.S. government recently initiated a significant transaction, withdrawing $5.4 million from the decentralized finance (defi) platform Aave. This transfer marks the first activity on this specific government-linked address in eight...
Former US Federal Agent Freed From Nigerian Prison After 8 Months
24.10.2024
Tigran Gambaryan, a U.S. citizen and former federal agent detained in Nigeria for eight months, has been released. The charges against him, brought by the Economic and Financial Crimes Commission, were dropped. The release of the Binance executive from one of Nigeria’s notorious prisons...
Kraken Set to Dive Into Blockchain Waters With Its Own Chain, ‘Ink’
24.10.2024
Kraken is setting its sights on launching its own blockchain next year, much like Coinbase’s Base chain, according to a report from Bloomberg’s Olga Kharif. The new network, which is focused on decentralized finance (defi), is expected to release a testnet later this year. Reportedly...
Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets
23.10.2024
Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional loans, with Q3 alone accounting for over $506...
Bitcoin Bull Michael Saylor Clarifies Stance on Self-Custody Amid Backlash
23.10.2024
Following the backlash from his earlier comments regarding custody providers and self-custody, Michael Saylor turned to X to clarify that he does not oppose self-custody. During an earlier interview, Saylor had minimized the role of self-custody, stating, “I think that when the bitcoin is held by...
AI-Crafted Meme Coin GOAT Defies Market Expectations With Massive Comeback
23.10.2024
In the latest market data, the artificial intelligence (AI)-crafted meme coin goatseus maximus (GOAT) has made quite the leap, climbing 51.3% in just the past 24 hours and soaring by an impressive 144% over the last week. This week, goatseus maximus (GOAT), an AI-created meme coin, has been on...
Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia
23.10.2024
Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions from an asset-light strategy to managing a diverse...
Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent
23.10.2024
The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that Gambaryan was merely an employee and could not...
Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil
22.10.2024
The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant...
Ripple’s Chris Larsen Pledges $10M in XRP to Back Kamala Harris’s Campaign
21.10.2024
Chris Larsen, a well-known figure in the world of American business and angel investing, is making headlines once again. This time, the co-founder of multiple Silicon Valley tech ventures, including Ripple, has pledged a whopping $10 million to support Kamala Harris’s campaign....
Over 700 Exahash—Bitcoin’s Hashrate Shatters All-Time Records
21.10.2024
Bitcoin’s network hashrate has hit a groundbreaking peak of 725.88 exahash per second (EH/s) for the very first time in its history. Imagine this: 725 quintillion hashes are being crunched every second to secure the network. That’s an astronomical number! Over the past year, from Oct. 20, 2023,...
Gold Surges to Record High Amid Safe-Haven Demand
21.10.2024
Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This...
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
21.10.2024
Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado...
New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage
21.10.2024
New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without...
BTC Hits $69K Amid Big Market Moves: Here’s How Markets Are Moving
21.10.2024
On Sunday, bitcoin (BTC) climbed past $69,000, hitting an intraday peak of $69,363 per coin. Over the past week, BTC gained 9.3%, expanded 63% since the start of the year, and increased by 132% over the last 12 months. The global trading volume across the crypto economy sits at $71.30 billion, with...
Stripe Acquires Stablecoin Platform Bridge in Record $1.1 Billion Crypto Deal
20.10.2024
Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion transaction, marking the largest acquisition in the crypto industry to date. Techcrunch founder Michael Arrington confirmed the news through a post on X, emphasizing the significance of this milestone deal....
Trump Refers to Polymarket as ‘Poly-Poll’: ‘We’re Doing Really Well’
20.10.2024
Presidential candidate Donald Trump recently acknowledged the existence of the crypto-based prediction market platform Polymarket. In a video posted on Polymarket’s X account, Trump referred to the platform as “a new phenomenon gambling poll,” mistakenly calling...