Stablecoins, a type of cryptocurrency pegged to an underlying asset like the U.S. dollar, have garnered significant attention in recent years. Proponents argue that stablecoins have the potential to revolutionize the payments industry, offering fast, low-cost transactions. However, a new…
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Federal Prosecutors Investigate Block’s Compliance Lapses Over Crypto Transactions, NBC Reports
Federal prosecutors are intensifying their scrutiny of Block’s crypto unit amid allegations of compliance lapses. A source familiar with the matter revealed to NBC News that investigators are collaborating with whistleblowers to probe the company’s practices. “From the ground up,…
Sui Unites DAG and Blockchain for Swift Secure Transactions Without the Hyperbole
In the field of distributed ledger technology, Sui stands out because it brings together the features of a directed acyclic graph (DAG) and a blockchain. This combination allows Sui to process transactions very quickly while also keeping the data secure.…
US-UK Review of $20 Billion in Crypto Transactions Tied to Russian Exchange
The US and UK governments are currently conducting a comprehensive review of cryptocurrency transactions worth over $20 billion associated with Garantex, a Russia-based virtual exchange. This joint effort aims to address the issue of sanctions evasion, which has been supporting…
Hong Kong Enacts Stringent Regulations to Curtail Covert Cryptocurrency Transactions
In Hong Kong, a vibrant network of small shops has emerged, offering seamless conversion between cash and cryptocurrencies. These shops, also known as over-the-counter (OTC) crypto providers, have played a significant role in facilitating the city’s booming digital assets market.…
Solana: Developers Surge, Impressive Transactions, and Innovations Fuel Anticipated Breakthrough in 2024
The Solana ecosystem witnessed a remarkable surge in developer activity throughout 2023, laying a solid foundation for its anticipated breakthrough in 2024. With over 2,500 developers actively engaged, the ecosystem is teeming with innovation and expertise. A significant highlight is…
Investors and the Bulls are Putting Up a Massive Collaboration as Shiba Inu Records 7.33 trillion Transactions in a Day
Despite the uncertainties surrounding cryptocurrencies, Shiba Inu fans and investors are working hard to boost the token’s value. However, they are aiming to reach the $0.00001 mark again. So, this big move is very important for Shiba Inu after it…
Total Transactions on Sei Network Reach 1 Billion – What’s Causing This Increase
In the dynamic world of cryptocurrency, Sei (SEI) has emerged as a formidable player, defying market trends with its impressive performance. Recently, SEI/USD soared to an astonishing $0.81 per token. This represents a 3% increase just on Thursday, nearing its…
IRS Mandates Reporting for $10k Crypto Transactions: Challenges and Solutions
Key Highlights: New IRS Rules on Crypto Reporting Amid the implementation of aspects of the bipartisan infrastructure bill, signed into law by President Joe Biden, new regulations now mandate the reporting of crypto transactions exceeding $10,000 to the Internal Revenue…
Coinbase Wallet Allows Cross-Border Transactions with Free Stablecoin Transfers
Key Highlights: In a bid to streamline its decentralized Wallet product and foster economic freedom. Coinbase announced significant changes on Tuesday, with the spotlight on a groundbreaking feature. This new addition allows Coinbase Wallet users to seamlessly send USDC stablecoins,…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
