KuCoin, a prominent cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a noticeable decrease in user assets on the platform. A proof-of-reserve certificate released by the exchange highlighted the sharp decline in user holdings, with Bitcoin balances dropping by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances saw a decrease
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Recent data from the blockchain analysis platform Arkham Intelligence reveals that Tether, the world’s largest stablecoin issuer, has increased its Bitcoin holdings significantly. On March 31, Tether acquired 8,888 Bitcoin, bringing its total BTC holdings to nearly 75,400. This move positions Tether as one of the largest Bitcoin holders in the market, surpassing even some
Singapore’s Payments Service Act (PSA) underwent significant amendments by the Monetary Authority of Singapore (MAS) to strengthen its jurisdiction and amplify user protection within the cryptocurrency industry. These changes reflect Singapore’s dedication to establishing itself as a crypto-friendly hub that prioritizes investor security alongside fostering innovation. Expansion of Digital Payment Token Services MAS integrated three
In recent times, there has been a noticeable increase in crypto crimes globally, spurred on by the booming market. One of the most vulnerable groups being targeted by fraudsters are elderly individuals, who are often convinced through various means to exchange their funds for cryptocurrencies with the promise of substantial investment gains. This alarming trend
In the wake of the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to crack down on entities associated with terrorism financing through cryptocurrency. This crackdown has led to the imposition of fresh sanctions on two
The news of Tigran Gambaryan, a Binance executive, taking legal action against the Nigerian authorities has sent shockwaves through the cryptocurrency community. The case, involving allegations of wrongful detention by the Office of the National Security Adviser and the Economic and Financial Crimes Commission, has sparked a fierce legal battle unfolding in Nigeria. The Fundamental
Parallel, the groundbreaking sci-fi NFT card game, recently secured $35 million in funding from a variety of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the announcement in a post dated March 28th. The investment round attracted support from reputable entities such as Distributed Global, The Operating Group, VanEck, Solana
Matt Hougan, Chief Investment Officer at Bitwise, has recently shared his observations on the increasing adoption of spot Bitcoin exchange-traded funds (ETFs). According to him, the inflows into these ETFs are set to continue for years as more investors and institutions embrace the products. During a 20-day road trip, Hougan interacted with financial advisors who
Discover the future of Non-fungible Tokens (NFTs) and their transformative potential in revolutionizing industries and unlocking new possibilities for creators, collectors, and investors. Explore the increasing adoption, expanding use cases, evolving technology, regulation/legal considerations, and the integration of NFTs with art, virtual real estate, gaming, music, finance, and philanthropy.
Discover what a cryptocurrency wallet is and how it works. Securely store, send, and receive cryptocurrencies with this digital wallet. Unravel the mysteries now!