Tether, a stablecoin issuer, has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. Ardoino highlighted that Tether currently has an exposure of $72.5 billion in US T-bills, ranking above many countries like Spain, Mexico, Australia and the United Arab Emirates. […]
The South Korean government is planning to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program. The bill includes provisions for the monitoring and mitigating of cryptocurrency assets stolen by North Korea through hacking activities, and seeks to augment the sanctions against the […]
Bad Idea AI ($BAD) is a groundbreaking AI crypto project in the blockchain and DAOs industry. The project has announced its official utility token listing on the MEXC Exchange, with the BAD/USDT trading pair available starting 12:00 UTC on September 5, 2023. The decision to list on MEXC was made collaboratively through advanced AI analytics […]
The Financial Services Agency (FSA) of Japan has proposed to change the tax code in regard to digital assets. The most notable suggestion is to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. The amendment, proposed by the FSA, has the potential to be effected, as the Agency states that the Ministry […]
Bitcoin has been on a bull run for the past six months, and according to BitMEX co-founder and former CEO Arthur Hayes, the market is yet to respond but will in the next six to 12 months. Hayes argued that the bull run began on March 10, the day Silicon Valley Bank (SVB) was taken […]
Sonik Coin has achieved a milestone of $1 million in its presale in less than three weeks, with the presale ending in less than 48 hours. The project has a staking pool and reward system, which should help it remain relevant and sustainable for years. Crypto analysts predict that the token could grow by 10 […]
Stake, a crypto betting platform, was hacked to the tune of $41.3 million, according to blockchain security firms. The platform was able to resume services only five hours after the incident. Stake confirmed that user funds remain safe and that their Bitcoin, Litecoin, and XRP wallets were not impacted. Analysis by Beosin calculated the total […]
Nigeria has emerged as a global leader in cryptocurrency awareness, according to a recent study by blockchain and Web3 software company Consensys. The survey, conducted by YouGov and Consensys, was taken by 15,158 people across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria.The survey found […]
The Bitcoin network has hit a new milestone as the total number of holders now exceeds the population of Spain. According to an analyst, the total number of Bitcoin addresses carrying a non-zero balance is now higher than the entire population of Spain, which is around 47.5 million. This count includes all types of BTC […]
Stake.com, the world’s largest crypto casino, has suffered a major hack resulting in a loss of $41.3 million. The platform has suspended all deposits and withdrawals, leaving many users unable to access their funds. According to Cyvers, a crypto security firm, and Beosin, a web3 security agency, the majority of the stolen funds were drained […]
