Tether, the stablecoin issuer behind USDT, is gearing up to double its workforce in the coming year, with the aim of strengthening areas such as compliance. Chief Executive Officer Paolo Ardoino has stated that by mid-2025, the company plans to have around 200 employees on board. This move comes as Tether looks to consolidate its
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The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto industry. The Fed’s move was prompted by suspicions that the bank had violated several key regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement
The Securities and Exchange Commission of Thailand (SEC Thailand) has taken a significant step towards advancing the digital asset industry with the launch of the Digital Asset Regulatory Sandbox. This initiative is designed to create a structured environment for businesses to test and develop services related to digital assets. By providing a regulated framework, the
Shibarium, the layer-2 scaling solution for Shiba Inu, has announced the launch of a hard fork scheduled for August 9. The hard fork will introduce a burning mechanism aimed at improving the ecosystem by reducing the circulating supply of SHIB tokens. Shibarium has been making significant advancements in terms of transaction processing speed, scalability, and
OKX CEO Star Xu recently issued a warning to users about the risks associated with interacting with the sanctioned crypto mixer Tornado Cash. Xu highlighted that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities could potentially trigger compliance risks, leading to account suspension. OKX, as a platform, follows
Grayscale Research recently provided insights into the potential future of Bitcoin, suggesting that the digital currency could reach its all-time high later this year. This positive outlook is contingent on the U.S. economy avoiding a recession. The period leading up to this analysis saw stabilization in both the cryptocurrency market and broader financial markets, following
Coinbase, a leading cryptocurrency exchange, has taken a firm stance against the US Commodities Futures Trading Commission’s (CFTC) proposal that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its ambiguous definition of “gaming” and its assertion that such contracts go against the public interest. He
Bitcoin’s price has been on a rollercoaster ride recently, with a market-wide crash last week resulting in a significant drop from over $66,000 to a low of $49,500. However, the asset has started to recover, jumping back up to $53,000 and climbing to over $57,000 within a few days. The latest surge has seen Bitcoin
Metaplanet, a Japanese investment firm, has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. This loan, equivalent to 1 billion Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. The loan comes with a mere 0.1% interest rate per annum and a six-month term, commencing on August 8. If Metaplanet
Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to shut down its NFT marketplace. This bold move is part of the company’s strategic focus on expanding its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to take place on August
Samuel Edyme, affectionately known as HIM-buktu, is a multifaceted individual with a wide array of skills and experiences. His introduction to the world of cryptocurrency was far from conventional, as he fell victim to a Ponzi scheme early on in his journey. However, instead of being deterred by this setback, Edyme used it as a
There is a lot of buzz surrounding the potential addition of options features to spot Bitcoin exchange-traded funds (ETFs) in the US. Bloomberg ETF analyst James Seyffart suggests that these features may be included as early as the fourth quarter of this year. However, in a different post, Seyffart mentions that the offering could potentially
BTSE has recently unveiled the groundbreaking BTSE Dex 2.0, a platform that revolutionizes decentralized trading by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This innovative feature enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum. By tapping into Orderly Network’s decentralized exchange protocol, BTSE Dex 2.0 offers
Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF). This approval, received on August 7, places Brazil in a leading position ahead of other countries, particularly the United States. While Brazil has made significant progress in approving Solana ETFs, the United States is still in the early stages of
Recent developments in the political landscape have shown a growing interest in the cryptocurrency industry as a battleground for rival presidential campaigns. A new advocacy group known as “Crypto for Harris” has emerged to challenge Donald Trump’s appeal within the industry. This group aims to support the Harris campaign and drive fundraising efforts by organizing
XRP has recently shown a remarkable decoupling from the broader crypto market by outperforming all top assets in terms of daily gains. This digital asset experienced a sharp uptick in price, reaching $0.64 before slightly retracing to $0.61. What sets XRP apart from the rest is the significant accumulation by whale wallets, with wallets holding
After the recent Bitcoin price crash below $60,000, many investors were left disappointed as hopes for a new all-time high seemed unattainable in the short term. However, analysts still remain optimistic about the long-term outlook for Bitcoin. CryptoQuant CEO Ki Young is one of those who believe that the BTC price will eventually reach new
After a tumultuous few days following a $230 million cyberattack on July 18, WazirX has made the decision to restore user balances and reverse trades conducted between July 18 and July 21. This move comes after the platform was disrupted, leading to a suspension of withdrawals to protect user assets. The restoration process is aimed
The recent $12.7 billion settlement finalized by United States District Judge Peter Castel has put bankrupt cryptocurrency exchange FTX and its sister company Alameda Research in the spotlight. This decision comes as part of a settlement with the United States Commodity Futures Trading Commission (CFTC) after a 20-month-long lawsuit initiated by the commission. The filing
Dalmas Ngetich, a seasoned crypto reporter, has been making waves in the industry with his unique perspective and expertise. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles in various topics ranging from technology to finance. His specialization in NFTs, blockchain,
The recent prediction by Benzinga crypto analyst Armando Pantoja regarding Shiba Inu’s price surging to $0.001 has caught the attention of many investors. However, it is essential to note that the cryptocurrency market is highly unpredictable, and past performance does not guarantee future results. While Shiba Inu experienced a significant price increase of 1,000x in
MATR1X FIRE is a game that offers a unique blend of first-person shooter action and strategic gear selection. It is set in a dynamic and evolving environment, providing players with a captivating gameplay experience. As part of the expanding MATR1X gaming world, it adds to the rich gaming universe created for fans. In this guide,
Blackmouth Games has recently introduced Domenation Early Access, a third-person shooter that offers a fresh take on the traditional battle royale format. Unlike other games in the genre that gradually shrink the play area, Domenation introduces energy shields called Domes that players must seek refuge in to avoid the deadly Pulse phenomenon. This unique mechanic
Nexera, a prominent DeFi protocol, recently experienced a smart contract security breach that led to the theft of $1.5 million worth of NXRA tokens. This incident has had significant repercussions for the protocol and its native token. The Exploit The exploit was first reported by Cyvers, a blockchain security firm, on August 7. The firm
In a landmark decision, Ripple has been slapped with a $125 million fine by the US Securities and Exchange Commission (SEC) after a four-year legal battle. The news of the fine caused XRP’s price to surge by 18% within minutes, reaching $0.61. District Judge Analisa Torres from the District Court of the Southern District of
Crypto analyst Altcoin Sherpa has raised concerns that the Bitcoin bottom may not have been reached yet, suggesting that the flagship cryptocurrency could still plummet to new lows. In a recent post on X (formerly Twitter), Altcoin Sherpa pointed out that Bitcoin is more likely to bottom out around the $40,000 range rather than $50,000.
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a strong bullish sentiment among large investors