Tether, the leading stablecoin company, has announced that it has frozen 32 addresses containing $873,118 that are believed to be connected to illegal activities in Ukraine and Israel. This move is part of Tether’s ongoing efforts to combat cybercrime and ensure that digital assets are not used for illegal purposes. The company has worked closely […]
The native token of Sui, called SUI, has experienced a decline in value after allegations of supply manipulation by the Sui Foundation. The token fell by over 9% and reached new lows of $0.37. However, it has since gained a little under 1% in the last 24 hours. The Sui Foundation has denied the allegations, […]
Tesla reported its Q3 2023 results, revealing that it has not made any changes to its Bitcoin holdings for the fifth consecutive quarter. The electric vehicle manufacturer currently holds $184 million worth of digital assets, a portion of the $1.5 billion worth of Bitcoin it acquired in March 2021. Despite not buying or selling any […]
The eleventh day of the trial of Sam Bankman-Fried (SBF) focused on the testimony of accounting experts who provided crucial information regarding the disappearance of $9 billion in FTX customer funds. Professor Peter Easton from the University of Notre Dame and FBI accountant Paige Owens presented their analysis of FTX and Alameda’s accounts and bank […]
BNB Chain has announced the launch of its Greenfield Mainnet, a decentralized storage-centric network designed for data-intensive decentralized applications within the BNB ecosystem. The network offers customizable storage solutions that integrate with smart contracts on the BNB Smart Chain. Greenfield provides integrated access control, allowing users to upload data and set access permissions before service […]
A recent assessment by the Federal Deposit Insurance Corporation (FDIC) has revealed significant gaps in its ability to provide guidance to member banks regarding cryptocurrency activities. The review was prompted by the volatile nature of the crypto market, which reached a market capitalization of $3 trillion in November 2021 but has since dropped to $1.2 […]
Federal Reserve Bank governor Michelle Bowman has expressed uncertainty about the use case for a central bank digital currency (CBDC) in the United States. Speaking at a roundtable event at Harvard, Bowman suggested that there may be alternative solutions that already address the same issues that a digital dollar aims to solve. She highlighted that […]
In the midst of escalating tensions between Israel and Hamas, a bipartisan group of over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a note urging the Biden administration to address the alleged close relations between cryptocurrency and terrorism. The lawmakers express concern over reports suggesting that […]
