A West Yorkshire resident, Simon Barclay, has been convicted of drug trafficking worth millions of pounds on the dark web with cryptocurrency proceeds. Man Pleads Guilty to Drug Deals Involving Crypto Barclay, 41, pleaded guilty on Tuesday at Leeds Crown Court to several crimes, including the possession of Class A and B drugs and crime...Read More
Elon Musk, the world’s richest man and self-proclaimed Doge Father, has declared his unwavering support for the leading meme cryptocurrency, Dogecoin. Elon Musk to Keep Supporting Dogecoin The Tesla CEO posted on Twitter earlier today: “I will keep supporting Dogecoin.” He also revealed in response to a user that he is still buying the memecoin....Read More
The cryptocurrency market is witnessing a tremendous selloff, with most assets losing more than 40% of their value in less than 24 hours. Bitcoin’s price is currently challenging the 2017 all-time high range of $17,500 to $20,500 and is constantly shadowing lower prices, indicating that sellers are exerting excessive pressure. BTC hit a fresh 18-month...Read More
Despite being known for its anti-crypto stance, China has not banned NFTs yet. Meanwhile, a noticeable interest in “digital collectibles” have recently surged in the country amid the government warning people not to trade any forms of digital assets. Digital Collectibles Rise in Popularity After the all-sweeping crypto ban in 2021, it’s no secret anymore...Read More
The Federal Reserve published the latest “Monetary Policy Report” on Friday, categorizing the stablecoin industry – particularly the algorithmic stablecoins – as a risk of financial instability. Meanwhile, it expressed concern regarding the concentration of fiat-backed stablecoins on Tether’s USDT and Binance’s BUSD. Fed’s Latest Take on Stablecoins Given the rapidly growing digital asset markets,...Read More
In a lawsuit filled with promises from Do Kwon, the Luna Foundation Guard, and other Terra-related entities, an Illinois-based plaintiff has alleged that all parties involved misled investors about whether all Terra tokens (including UST and LUNA) are actually securities, among other allegations. The lawsuit, filed on Friday in US District Court in Northern California...Read More
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $900, currently trading at $1k, up over 5% in the past 24 hours. The market saw a significant recovery after yesterday’s dump, which...Read More
Investors are fleeing from Tether (USDT), says on-chain data. The stablecoin giant, as a result, has lost significant market share amid a slew of market corrections. Tether’s Losing Market Share Tether currently sits on a $68 billion market cap, the lowest since October last year, down from the recently established all-time high of $83 billion....Read More
Are you bored of watching red candles on your crypto portfolio? Then we strongly suggest that you consider adding Mehracki (MKI), Internet Computer (ICP), and Hedera (HBAR) to your investment portfolio. These 3 cryptoscan be added periodically and you should try to accumulate huge volumes in order to transform your portfolio and turn it into...Read More
The most valuable stablecoin, USDT, has been the target of a distributed denial of service (DDOS) attack. This is according to a tweet from Paolo Ardoino, Tether’s chief technical officer (CTO). The company has reportedly been assaulted before, according to the tweet from June 18. “They tried it once,” said Ardoino. According to the Tether...Read More
Most of the crypto observers predict Bitcoin (BTC) at its present level is the perfect ‘buy-the-dip’ option at a time. They feel this is when the crypto industry is struggling under strong pressure as several crypto companies face liquidation concerns. Bitcoin (BTC) price is presently hovering lower than the $20k mark, as the currency has...Read More
Scott Quinn Berkett – a 25-year-old resident of Beverly Hills, Los Angeles – reportedly pleaded guilty to transferring $13,000 worth of bitcoin to a hitman on the Dark Web. The latter was supposed to kill Berkett’s ex-girlfriend. Bitcoin on the Crime Scene According to coverage by CBS News, the California man and his unidentified partner...Read More
