In a significant development, the world’s largest stablecoin issuer, Tether, has frozen a total of 326 wallets containing $435 million worth of Tether (USDT) to assist law enforcement agencies in the United States. This move comes in response to concerns raised by Senator Cynthia M. Lummis and Congressman J. French Hill regarding the use of
Recent research conducted by TRM Labs has revealed that the cryptocurrency industry experienced a notable downturn in hack volumes in 2023. Compared to the previous year, there was a significant decrease of more than 50%. Although the number of attacks remained consistent at approximately 160, the total value stolen plummeted to $1.7 billion, a stark
The cryptocurrency market is evolving, and so is the demand for exchange-traded funds (ETFs). Traditional finance companies are now seeking regulatory approval to introduce innovative products to meet the growing investor appetite. First Trust, an asset management firm, is the latest player in the game, aiming to create a unique offering in the form of
Tether, the company responsible for the largest stablecoin, has taken significant measures to address concerns raised by US Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities. In its effort to combat issues such as funding terrorism and money laundering, Tether has released two letters directed at the
As the crypto market prepares for the year 2024, speculations are rife regarding the potential impact of regulations on investor confidence. Stu Alderoty, the chief legal officer of blockchain payment company Ripple, has recently shared three bold projections on crypto regulations in the United States. These predictions present a nuanced outlook on the evolving landscape
In a recently released report, Bitwise, a crypto index fund manager, shared its bullish price forecast for Bitcoin. According to the report, Bitwise predicts that Bitcoin will hit $80,000 by 2024, surpassing its current all-time high. This article will delve into the factors driving this prediction and explore the potential catalysts that could propel Bitcoin
The cryptocurrency OSMO has experienced significant volatility in its price movement over the past year. However, recent data suggests that OSMO is now entering a phase of strong recovery, showing signs of a comeback in the last three months. Traders rely on a variety of technical indicators to predict and react to market movements, creating
Bitcoin’s price has experienced a setback in the past 24 hours, retreating to around $42,000. This decline in value has affected most altcoins as well, with SOL and ADA experiencing significant drops of over 5%. Surprisingly, one standout performer amidst this red sea is ICP, which has seen a massive surge of 40%. Bitcoin’s Rollercoaster
Arbitrum (ARB), one of Ethereum’s prominent scaling solutions, recently experienced a significant downtime event, causing concern among network participants. The incident, which lasted for over 60 minutes, led to an immediate investigation into the root cause and deployment of a fix. This article delves into the impact of the downtime, the potential technical issues, and
The first ever BRC-20 token Ordinals (ORDI) has recently experienced a significant surge of +32% in price, breaking out of a period of consolidation. This rally is part of a broader trend among BRC-20 tokens, which have witnessed upside momentum due to recent listings on Binance. While the surge in price is undoubtedly enticing, investors
