Blockchain data from April 2 highlighted a transfer of over $2 billion in Bitcoin (BTC), revealing that a US Justice Department-affiliated wallet first made a modest test transaction before transferring a substantial sum of 30,174 BTC. The money that was moved represents part of the Bitcoin that was seized from James Zhong, who was found […]
The well-known stablecoin issuer Tether has reached a significant milestone in its dedication to security and dependability by successfully completing the System Organisation Control (SOC) 2 Audit Type 1. The American Institute of Certified Public Accountants (AICPA) audit provides evidence of Tether’s robust IT control procedures and commitment to system security. Tether is reaffirming its […]
Operating on the recently built Ethereum Layer 2 network Blast, the NFT game Munchables was vulnerable to a $62 million breach. The Munchables crew responded quickly to reassure the community that all money was safe. By providing the keys to all of the Munchables funds, a project developer helped to facilitate the recovery of the […]
Expanding its penalties, the US Treasury’s Office of Foreign Assets Control (OFAC) is now targeting individuals and organisations operating in Russia’s banking and technology industries. Thirteen organisations and two people are implicated in this action, all associated with virtual assets that can evade US sanctions. Interestingly, five of these organisations have relationships with people previously […]
Binance has been the target of a criminal investigation by the federal government for potential tax evasion. The action, filed on March 25 at the federal high court in Abuja by the Federal Inland Revenue Service (FIRS), attempts to uphold fiscal discipline and safeguard the nation’s economic integrity. Binance is accused of not meeting specific […]
Globally, blockchain technology is still advancing rapidly, with Brazil emerging as a prominent participant in this changing field. The creators of Optimism, an Ethereum Layer-2 scaling solution, OP Labs, just made a significant statement. Before its deployment on the OP Mainnet, the team made bug proofs available on the OP Sepolia testnet. This achievement represents […]
Fidelity has submitted a proposal to the US Securities and Exchange Commission (SEC) asking for permission to incorporate staking rewards into its Ethereum exchange-traded fund (ETF) in a daring attempt to completely transform the cryptocurrency investment landscape. By attempting to enter the growing Ethereum staking industry, this novel strategy can provide investors with higher returns […]
Charles Hoskinson, the creator of Cardano, has stepped forward to address concerns in light of the developing culture of Fear, Uncertainty, and Doubt (FUD) inside the Cardano community. This action is primarily related to the April 2021 announcement of Cardano and World Mobile’s collaboration. Hoskinson’s involvement tries to dispel myths and restate the goals of […]
Roman Sterlingov, the creator of Bitcoin Fog, was found guilty in a historic case by a federal court in Washington for his part in helping to launder more than $400 million. The money, mostly from darknet markets, was hidden by the Bitcoin mixing service and, therefore, practically untraceable. This verdict serves as a reminder of […]
A judgement by the Thailand Securities and Exchange Commission (SEC) is expected to significantly alter the cryptocurrency market. The SEC has made the audacious decision to allow high-net-worth individuals and institutional investors to trade bitcoin exchange-traded funds (ETFs). This significant regulatory shift represents Thailand’s forward-thinking strategy to incorporate cryptocurrencies into its financial ecosystem. It creates […]
Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]
The leading cryptocurrency exchange in Europe, Bitstamp, just reached a noteworthy milestone in Singapore. The exchange’s application for a licence to offer digital asset services in the city-state has been approved in principle. Bitstamp is now able to provide its services to clients in Singapore and a few other Southeast Asian nations thanks to the […]