In a bold response to recent UN allegations, Tether, a leading cryptocurrency platform, has vehemently challenged the characterization of its stablecoin, USDT, as a preferred tool for criminals. The UN’s recent report implicated Tether’s USDT in various illegal activities, including a surge in money laundering and the exploitation tactic known as “pig butchering” in Southeast […]

Hong Kong-based HashKey Group has successfully raised nearly $100 million in a recent funding round. With this achievement, the company now attains “unicorn” status, boasting a valuation surpassing $1 billion. HashKey Group also emphasized that its current valuation stands at over $1.2 billion following this successful funding round. In an official statement released on Tuesday, […]

The crypto prices today were near the flatline, as investors seem to be assessing the potential future moves of the market. Meanwhile, the recent volatile trading and the high selling pressure have dampened the market sentiment, while refraining many traders from taking part in further trading activities. However, the market pundits attributed the recent sell-off […]

Post the Bitcoin ETF approvals in the last week, the BTC price has been showing a muted performance with its price hovering around $42,000 levels. Although Bitcoin gave a run-up to $48,000 during the time of the ETF approval, the selling pressure thereafter has been impactful. Large Bitcoin Wallets Moving Older Coins In recent insights […]

The crypto market experienced a substantial influx of funds last week, with a reported $1.18 billion flowing into digital asset investment products. CoinShares noted this significant activity in its latest report due to the spot Bitcoin ETF launch. But it highlighted that the inflows didn’t surpass the record of $1.5 billion set during the launch of Bitcoin […]

The United Nations Office on Drugs and Crime (UNODC) has recently released a concerning report highlighting the misuse of cryptocurrency in the burgeoning illicit economies of East and Southeast Asia. This development marks a significant challenge for global law enforcement agencies as criminals increasingly leverage digital currencies and modern technology.   Sophisticated Cyber Fraud and Illegal […]

In 2023, the Circle-backed stablecoin USDC experienced both challenges and growth, according to a recent report by the issuer. The number of individual USDC wallets with a balance of at least $10 grew by 59% last year. The increase took it to approximately 2.7 million. Circle noted USDC’s adoption and utility in the latest ‘State […]

In a series of posts on X, ChainArgos, a blockchain intelligence firm, has raised serious allegations about the Polygon network. The allegations are particularly about token allocations and suspicious transfers to exchanges. ChainArgos investigation claims discrepancies between Polygon’s publicly stated plans for token allocation and the actual movement of tokens. According to the firm, a […]

Elon Musk’s X Payments LLC has received the Money Transmitter License from the United States of Utah, consolidating its efforts to bring digital banking to the country and around the world.  The X Payments License The X Payments license became effective as of January 12 and is bound to last through the year at the […]

Bitcoin exchange-traded funds (ETFs) have been the talk of the investment town ever since the SEC gave a green signal for its trading. However, it is important to note that investing in ETFs comes with its risks. With a bunch of investors ready to trade their money, here is all one needs to know about […]