The growth rate of crypto-denominated fentanyl sales has experienced a significant decline in 2023, according to research conducted by TRM Labs. The research reveals a correlation between the slowdown and the aggressive measures taken by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in pursuing individuals and entities associated with fentanyl
Crypto
Leading cryptocurrency exchange Coinbase is revolutionizing the world of on-chain payments with the introduction of its cutting-edge Onchain Payment Protocol. This open-source protocol is set to streamline and standardize on-chain payments, providing a solution to the common transactional challenges faced by merchants and customers alike. Coinbase’s Onchain Payment Protocol aims to create a unified experience
With the possibility of U.S. spot Ethereum (ETH) ETFs becoming a reality, experts are questioning the extent to which their approval will influence the market compared to Bitcoin (BTC) equivalents. Bitwise, the world’s largest crypto index fund manager, believes that the impact will be less significant. In an interview with CryptoPotato, Juan Leon, an analyst
The popular memecoin, Shiba Inu, has recently announced an exciting collaboration with legendary boxer Manny Pacquiao. This unexpected partnership has created a buzz within the cryptocurrency community and has sparked the interest of both Shiba Inu and Pacquiao fans alike. The announcement came alongside the release of the second edition of The Shib Magazine and
The recent cyberattack on Coin Cloud, a defunct Bitcoin ATM company, has shed light on the alarming vulnerability of user data and raised serious concerns about the physical safety of affected individuals. An anonymous hacking group claims to have infiltrated the personal information of 300,000 Coin Cloud customers, exposing critical details such as social security
The cryptocurrency market has been buzzing with excitement as Bitcoin (BTC) experienced a significant rise, nearing the $38,000 mark. This surge has sparked fresh hopes of an impending bull run, with experts predicting even higher values in the future. The price of Bitcoin reached an 18-month high on November 9, briefly touching $38,000 before retracing
Binance, once considered the undisputed leader in the centralized crypto exchange market, has experienced a decline in its dominance over the past year, according to a recent report from 0xScope. The report highlights a decrease in Binance’s trading volume and overall market indicators, while highlighting the increasing competition from second-tier exchanges such as OKX. The
The price of Solana (SOL) has been skyrocketing on various cryptocurrency exchanges, attracting significant attention from investors. According to data from CoinGecko, the average price of SOL on crypto exchanges reached nearly $62 on a Saturday afternoon in the UK. This marked a remarkable increase of over 49% within a seven-day period. Furthermore, Solana has
The recent rally in the Ethereum (ETH) price has caught the attention of many cryptocurrency enthusiasts. However, one particular Ethereum whale seems to have made a rather questionable move. This anonymous whale has used the ETH rally as an opportunity to deposit over $60 million worth of the asset on the popular exchange, Binance. While
SBI Holdings, a leading financial company in Japan, is gearing up to introduce a substantial fund of $663 million to support the growth and development of Web3, AI, and other fintech startups. This ambitious initiative aims to invest in 150-200 companies and is expected to commence operations by the end of this year. A Boost
Switzerland-based SEBA Bank, a cryptocurrency-focused financial institution, has achieved a significant milestone in its global expansion plans. The bank’s wholly-owned subsidiary, SEBA Hong Kong, has secured a regulatory license from Hong Kong regulators. This license allows SEBA Bank to offer regulated cryptocurrency services to institutional investors in the city-state. Regulatory License and Expansion SEBA Hong
The crypto startup Ava Labs, known for developing the Avalanche blockchain, has recently announced a significant layoff, trimming its workforce by 12%. Founder and CEO Emir Gün Sirer confirmed the job cuts, emphasizing the need to reallocate resources to support the growth of the firm and the expansion of the Avalanche ecosystem. While bear markets
Cryptocurrency has gained significant popularity in recent years, with Telegram coin exchange robots playing a pivotal role in enabling automated fund transfers. However, Bitrace Research has uncovered a concerning trend within this ecosystem, involving the TRC20 USDT cryptocurrency. This trend unveils a multitude of issues, including gambling, money laundering, stolen coins, and fraudulent activities. These
In a move aimed at establishing transparency and trust in the era of “verify-everything,” Space and Time, a key player in the data warehousing industry, has announced the integration of its novel zero-knowledge (ZK) proof for SQL operations with Google Cloud’s warehouse, BigQuery. This integration, known as “Proof of SQL,” allows developers leveraging BigQuery to
Bitcoin and gold, two distinct but equally attractive assets, are gaining recognition as “exponential gold” and emerging as strong contenders in the investment world. Jurrien Timmer, the Head of Global Macro at Fidelity, recently shared his insights on the potential of both Bitcoin and gold. His analysis suggests that these assets may be on the
Unibot, a decentralized trading platform, has recently faced a substantial hacking incident that resulted in a loss of approximately $600K. However, the company has taken immediate action to compensate affected users and reinforce their trust in the platform. In this article, we will delve into Unibot’s response to the attack, its efforts towards recovery, and
Northern Data, the leading Bitcoin miner and data cloud provider in Europe, has recently announced that it has secured a remarkable EUR 575 million (worth over $609 million) debt financing facility from Tether, a stablecoin issuer. This financing agreement will enable Northern Data Group to make further investments across its three business lines and expand
Bulgaria’s oldest football club, Botev Plovdiv, has recently made a significant move by integrating Bitcoin as a payment option for their fan shops and in-stadium purchases. This move demonstrates the team’s dedication to embracing technological advancements in the world of sports. To encourage the adoption of Bitcoin, the club is offering a 10% discount on
Stars Arena, a decentralized social finance (SocialFi) application, has recently made headlines with the resignation of its CEO, Chill Pill. This move comes in the wake of a major smart contract exploit that resulted in a significant decrease in the platform’s total value locked (TVL). The news of the CEO’s departure has taken the crypto
In the ever-evolving world of cryptocurrencies, security remains a paramount concern for individuals and businesses alike. In light of recent security breaches and attacks on the BNBChain network, the BNB Chain has introduced an innovative solution to ensure the safety of users’ assets. The groundbreaking BNB Safe{Wallet} is a multi-signature wallet service built upon the
In the third quarter of 2023, a significant number of crypto projects were involved in rug pulls, as revealed by research conducted by blockchain security firm Hacken. Surprisingly, out of the 78 rug pulls examined, only 12 projects had audit reports. This alarming finding highlights the lack of importance given to independent third-party audits in
In the midst of the ongoing conflict between Israel and Hamas, two assets have emerged as notable performers – bitcoin and gold. These assets have witnessed considerable price increases, captivating the attention of market observers. The geopolitical tension associated with such conflicts invariably affects financial markets, as was evident in last year’s Russo-Ukrainian conflict. However,
Crypto exchange Kraken recently confirmed its decision to halt all trading, deposits, and withdrawals for Tether USD (USDT), Wrapped Bitcoin (WBTC), and other reserve-backed assets in Canada. This move follows a growing trend among Canadian exchanges as they face regulatory pressure regarding the legal status of stablecoins. Kraken stated in an email to CryptoPotato on
From being a mentor to Sam Bankman-Fried to referring to him as a “colossal mistake,” Anthony Scaramucci is closely following the criminal trial and believes the former crypto mogul will find himself outmatched by government prosecutors who will systematically dismantle his defense. Once a perceived “congenial nerd” who had pledged to give away most of
The Wall Street Journal recently made headlines by claiming that Hamas, the Palestinian militant group, has raised tens of millions of dollars through cryptocurrency. These allegations were further cited by the U.S. Congress. However, blockchain surveillance experts at Elliptic have analyzed the situation and provided a more nuanced perspective on the issue. In this article,
In the past 24 hours, two significant XRP transactions totaling nearly 500 million XRP have caught the attention of the crypto community. These transactions, amounting to $213 million and $13 million respectively, have piqued curiosity due to their scale and timing. It is important to analyze these transactions in the context of Ripple’s strategic alliances,
Since the beginning of the year, Bitcoin has experienced an impressive surge in value. However, it seems that investing in Bitcoin mining companies has proven to be an even more profitable endeavor. These publicly-traded mining firms have seen remarkable growth, with their stock prices soaring over 100% since January 1. Some notable examples include Marathon