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Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week. 773 Total views 12 Total shares Cryptocurrency investors and traders have cashed out $7.7 billion from…
Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser
Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app. 79 Total views 10 Total shares America’s largest crypto exchange Coinbase has…
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219…
Portugal to lose crypto tax haven status as state announces gains duties
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender. To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has…
COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin
COTI, a DAG protocol optimized for creating decentralized payment networks and stablecoins, has now announced another fresh partnership, this time with Cardashift, Cardano’s community-run launchpad. Cardashift will…
U.S. Government Launches First Crypto Sanctions Evasion Case
The defendant operated a payments platform that boasted of its ability to evade sanctions. Key Takeaways The U.S. government has launched its first case involving the use of Bitcoin transactions to evade sanctions. The defendant…
Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an…
Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools
QuickNode, a blockchain infrastructure platform supporting over 10 chains announced today, that to better serve its NFT customers, QuickNode has acquired icy.tools, a popular NFT analytics platform with a newly…
Ethereum Hashrate Breaks All-Time High, Will Price Follow?
Ethereum hashrate has been on the rise in recent times. The cryptocurrency has been one of the most profitable ventures for crypto miners and as more people flocked to enjoy some of the spoils, the hashrate has skyrocketed. It has now hit…
Do Kwon Says Terra Could Fork Into Two Blockchains
The Terra leader's new revival plan proposes the creation of Terra Classic. Key Takeaways Terraform Labs CEO Do Kwon has suggested forking Terra to create two blockchains: Terra and Terra Classic. The proposal is a response to…
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra. Grayscale…
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions. 1184 Total views 15 Total shares The United States Department of Justice may move forward…
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