Cryptocurrencies have emerged as the top-performing assets in recent times, even amidst occasional pullbacks. One of the major factors fueling this remarkable growth has been the surge in demand from retail investors in the Asia-Pacific region. With significant developments taking…
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Tether Records 4.52 Billion Profit with Gains from US Treasuries and Crypto
Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…
UK Report Reveals Money Laundering Risks in Crypto and Banking for 2022-2023 – Is this accurate or hate towards crypto ?
A recent report by the government’s financial arm has highlighted the significant risk of money laundering associated with crypto firms, retail banking, wholesale banking, and wealth management between 2022 and 2023. The report, based on risk assessments conducted by the…
India and US Agencies Unite to Uncover $360 Million Crypto-Funded Drug Ring in Uttarakhand
In a momentous joint effort, law enforcement agencies from India and the United States recently joined forces to conduct an extensive search operation in Uttarakhand, resulting in the discovery of a colossal $360 million crypto-funded drug ring. The Indian Enforcement…
U.S. Government Shifts Stance on Cryptocurrency Wallet Developers as DOJ Pursues Criminal Charges
The U.S. government has long maintained a clear policy regarding cryptocurrency wallet developers and their users, categorizing them as non-money transmitters. However, recent developments have taken the industry by surprise. The Department of Justice (DOJ) is now pursuing criminal charges…
Changpeng Zhao, founder of Binance, seeks investments in AI-focused data centers
Changpeng Zhao, the visionary behind Binance, has set his sights on investing in data centers that specialize in artificial intelligence (AI). Despite facing potential legal ramifications for alleged involvement in money-laundering activities on his exchange, Zhao has been actively engaged…
USDC Overtakes USDT in Transaction Volume Based on Visa Data
Circle Internet Financial’s stablecoin, USDC, has experienced a significant rise in transaction volume this year, surpassing Tether’s stablecoin, USDT, to become the market leader. According to data compiled by Visa Inc. in collaboration with Allium Labs, USDC’s growing dominance reflects…
Binance CEO Changpeng Zhao Gets 4 Months in Court Case
Changpeng Zhao, commonly known as CZ, the founder of Binance, one of the world’s leading cryptocurrency exchanges, appeared in court for sentencing on April 30. The Department of Justice (DOJ) prosecutors sought a three-year prison term, while the defense vehemently…
2024 Trends in Cryptocurrency Market with Leaders and Innovators Driving Growth and Technological Advances
The cryptocurrency market in 2024 continues to evolve with a dynamic mix of established leaders and emerging innovators. This year has seen significant growth in user interest, market capitalization, and technological advancements, making it a pivotal year for investors and…
Bitcoin 2024: Ric Edelman’s Take on ETFs, Price Predictions & Regulatory Hurdles – Is Crypto Right for Your Portfolio?
Bitcoin’s future in 2024 holds significant events, especially the recent Bitcoin halving and the emergence of new ETFs. Ric Edelman, a prominent figure in finance, shared thoughts on what’s next for Bitcoin and the broader crypto market. Bitcoin Halving and…
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…
