Crypto

Tether Prints $1 Billion in New USDT Tokens
Tether

Tether Prints $1 Billion in New USDT Tokens

Tether, the company behind the leading stablecoin USDT, raised eyebrows earlier this week. It appeared to mint $1 billion worth of new USDT tokens without having the reserves to back them up. Seeking to calm the controversy, Tether’s CEO Paolo Ardoino assured people that this $1 billion mint was “an authorized but not issued transaction.” […]

Apr. 19, 2024
Ethereum Massive Sell-Off Shakes Crypto Market
Ethereum

Ethereum Massive Sell-Off Shakes Crypto Market

A crypto whale made waves in the Ethereum market by selling a staggering 2,000 ETH for a whopping $6 million in USDC. This transaction occurred just six hours after the value of each ETH was around $2,997. The renowned crypto analytics firm Spot On Chain unveiled the details of this major market movement. They shed […]

Apr. 18, 2024
Crypto-Inspired Communication Devices Could Disrupt Government Surveillance, Says Telegram Founder
Crypto

Crypto-Inspired Communication Devices Could Disrupt Government Surveillance, Says Telegram Founder

In a world increasingly wary of government surveillance, Pavel Durov, the founder of Telegram, envisions the frontier of privacy through the development of crypto-inspired hardware for secure communication. During an interview with Tucker Carlson on April 17, Durov remembered how governments keep hiding the movement or sharing data secretly from private individuals: “The world is […]

Apr. 17, 2024
North Korean Hackers Stole $100 Million in Crypto Heist
Crypto

North Korean Hackers Stole $100 Million in Crypto Heist

The FBI has confirmed that North Korean hackers were behind the $100 million cryptocurrency theft from Harmony’s Horizon Bridge last June. The cybercriminal group known as Lazarus Group, backed by the North Korean regime, carried out the audacious digital heist. The announcement verifies earlier findings by blockchain analysis firm Elliptic, the first to link the […]

Apr. 16, 2024
Solana Developers Roll Out Software Update to Tackle Network Congestion
Solana

Solana Developers Roll Out Software Update to Tackle Network Congestion

Solana developers have released a new software update, version 1.17.31, which is now recommended for general use by mainnet validators. This update aims to tackle the congestion issues caused by the surge in meme coin trading activity on the network. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains […]

Apr. 15, 2024
Hong Kong Approves Launch of Bitcoin and Ether ETFs
Crypto

Hong Kong Approves Launch of Bitcoin and Ether ETFs

As early as Monday, Hong Kong is set to greenlight the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether. This major development involves key financial players, such as an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital. […]

Apr. 13, 2024
Coinbase Files Appeal Against SEC Lawsuit Decision
Crypto

Coinbase Files Appeal Against SEC Lawsuit Decision

Coinbase has filed a motion to appeal a judge’s ruling from last month that allowed the SEC’s lawsuit against the company to move forward. Coinbase’s chief legal officer, Paul Grewal, announced the appeal in an X post today. The appeal, if granted, would enable the Second Circuit Court to review the US Securities and Exchange […]

Apr. 13, 2024
Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador
Blockchain

Bitfinex Securities Launches Tokenized Debt to Build Hotel in El Salvador

Bitfinex Securities revealed today its intentions to initiate a tokenized debt offering to raise $6.25 million. This capital will be used to develop a Hampton by Hilton hotel complex at El Salvador’s international airport. The company, Bitfinex Securities El Salvador S.A. de C.V., is a major player in tokenized securities. Businesses leverage the blockchain to […]

Apr. 12, 2024
ZA Bank in Hong Kong Explores Stablecoin Partnerships
Crypto

ZA Bank in Hong Kong Explores Stablecoin Partnerships

ZA Bank, a digital bank in Hong Kong, is in talks with potential stablecoin issuers about opening accounts to hold the cash reserves backing these cryptocurrency tokens. This development was reported by Bloomberg, citing Devon Sin, the General Manager of Business Banking and lending at ZA Bank. Sin evidenced that the company handles five to […]

Apr. 7, 2024