The United States Department of Justice has arrested two Chinese nationals implicated in a $73 million money laundering operation. According to a May 17 announcement, the suspects funneled illicit funds through multiple U.S. financial institutions and subsequently converted the money into the stablecoin USDT. The accused, Daren Li, a dual citizen of China and St. ...
Analysts from QCP Capital have indicated that the imminent decision on the approval of spot Ethereum exchange-traded funds (ETFs) could lead to a significant short squeeze, potentially driving the price of ETH back to recent highs. This prediction comes despite the current cautious sentiment among investors. In a recent report, QCP Capital analysts highlighted a ...
In an exciting fusion of fashion and technology, Imaginary Ones, a web3 entertainment firm, has partnered with fashion brand HUGO to introduce a groundbreaking customizable denim jacket integrated with web3 features. According to a press release shared with crypto.news, this special-edition denim jacket is part of HUGO’s new HUGO BLUE line, focusing on denim and ...
BounceBit, a promising new Bitcoin restaking startup backed by Binance, has revealed its comprehensive roadmap for 2024. The project aims to democratize high-yield opportunities in Bitcoin investing by seamlessly merging centralized and decentralized finance (CeFi and DeFi). In a detailed Medium blog post on May 20, BounceBit laid out its plans to blend the structural ...
Bitcoin (BTC) is currently struggling to maintain its footing in a bearish market zone, trading below the crucial $67,000 mark. After briefly reaching an intraday high of around $67,600, BTC has seen a 0.7% decline in the past 24 hours, now trading at $66,500. The asset’s market capitalization teeters on the edge of $1.3 trillion. ...
An unfortunate investor recently fell victim to a sophisticated phishing attack, losing more than $101,000 in multiple cryptocurrencies across several blockchains. According to Blockchain security firm PeckShield, the investor’s address was compromised, resulting in the theft of over 237.8 billion OSAK tokens worth $66,682 from the Osaka protocol, and 287 billion CAW tokens valued at ...
The cryptocurrency market has experienced a remarkable surge in fundraising, reaching an impressive $2.4 billion in the first quarter of 2024, driven by a shift in market sentiment and fresh capital inflows. A recent analysis by PitchBook, a leading data provider for private and public market investors, highlights a significant increase in investment activity within ...
Bitcoin (BTC) is currently trading at $67,330.50, marking a 0.15% increase in the last 24 hours, with a significant trading volume of $16.3 billion. Maintaining its leading position on CoinMarketCap with a market cap of $1.33 trillion, Bitcoin’s recent dynamics are stirring speculation about the influence of Chinese whales on the market. This Bitcoin price ...
John Bigatton, a former promoter of the notorious cryptocurrency platform BitConnect, has pleaded guilty to a criminal charge of providing unlicensed financial services. The plea was entered on May 16 in Sydney District Court, where Bigatton admitted to violating section 911B(1) of Australia’s Corporations Act by offering financial services without the necessary licensing. BitConnect’s Controversial ...
The security of the Bitcoin network hinges on the continuous addition of new blocks to the blockchain, a task that miners are financially incentivized to perform. Miners’ revenues come from transaction fees included in the blocks they mine and from the block subsidy. However, this block subsidy, which halves approximately every four years (most recently ...
