The Honduran Special Economic Zone, Prospera ZEDE, has officially recognized Bitcoin as a unit of account, a significant milestone in the regional acceptance of cryptocurrencies. This announcement was made by Jorge Colindres, the acting manager and Tax Commissioner of the zone, and provides clarity on the conditions that legal entities must meet to adopt Bitcoin […]
Major U.S. exchanges are on the brink of approving the country’s first Bitcoin exchange-traded funds (ETFs), signaling a significant milestone in the cryptocurrency world. The advanced stage of Bitcoin ETFs, set to debut in the U.S. market, is evident in the amendments filed by BlackRock, Grayscale, Fidelity, and other issuers in 19b-4 filings. These adjustments, […]
In the ever-evolving world of cybercrime, a new form of malware, known as “Wallet Drainers,” has been making significant strides. This malware, discovered by Scam Sniffer, is deployed on phishing websites to trick users into authorizing harmful transactions, leading to the theft of assets from their crypto wallets.In a recent report, Scam Sniffer revealed that […]
Digital Currency Group (DCG), a venture capital firm, has successfully made a $700 million payment to its subsidiary, Genesis Global Capital (GGC). This payment settles short-term loans from the now-insolvent crypto lending platform. The settlement comes four months after Genesis initiated a lawsuit against DCG and an affiliate over the repayment of overdue loans.DCG announced […]
The financial community is on edge as it awaits the SEC’s decision on Bitcoin ETF filings. This has sparked speculation about the potential market impacts. The concept of “buy the rumor, sell the news” is being considered by analysts and market players. This refers to the phenomenon where asset prices rise ahead of anticipated events, […]
Ethereum’s cofounder, Vitalik Buterin, recently made a significant transfer of USDC, a stablecoin pegged to the U.S. dollar. The Vitalik Buterin-labeled address moved 3,300 USDC in the early hours of today. The reason for the transfer was a simple reshuffling of funds, as the said 3,300 USDC were moved to a new address.The Ethereum market […]
In response to new regulations imposed by the UK government, several crypto exchanges are taking necessary steps to comply. The regulations, part of the Financial Services and Markets Act, now include firms dealing with crypto and stablecoins, holding them to the same regulatory standards as traditional financial services.For Coinbase’s UK users, compliance means disclosing their […]
Lucie, the marketing lead for Shiba Inu, recently announced a unique opportunity for community members to earn on their holdings. The announcement, made on X (formerly Twitter), revealed the distribution of 2 LEASH and 85,000,000 SHIB tokens for participants on ShibaPunkz.art. The tokens will be distributed over the next four months, marking a first for […]
Ethereum whales have been consistently purchasing more of the altcoin, indicating their ongoing support. The buying activity has particularly escalated in recent weeks. On-chain data from Santiment shows that Ethereum’s largest private wallets now hold a record 56.25 million ETH, which accounts for 46.8% of the total circulating supply of the cryptocurrency.Currently, Ethereum is trading […]
In a significant development, FTX Group has managed to recover approximately $7 billion in liquid assets. This recovery is a result of a challenging investigation that tested the determination and resilience of all involved parties. Despite the recovered amount being less than the $8.7 billion owed to clients, the gap is gradually closing.A second investigative […]
