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Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher

25.8.2024
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during...

Stablecoin Market Grows by $1.3B in 5 Days as Tether Leads the Charge

23.8.2024
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M...

Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case

23.8.2024
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and...

FBI Recovers $5 Million From Pig Butchering Crypto Scam

23.8.2024
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms....

Tether to Launch UAE Dirham-Pegged Stablecoin

22.8.2024
Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses...

Here’s what happened in crypto today

21.8.2024
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation

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