Category: News

Tether executives probed by US DoJ over potential bank fraud

The US DoJ is looking into claims whether Tether concealed from banks that its transactions involved cryptocurrencies. There are rising concerns about the token enabling money laundering and other criminal activities, and causing financial instability. The US Justice Department (DOJ) is probing Tether executives to determine if they committed bank fraud. Specifically, federal prosecutors want […]

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Bitcoin-Linked Stocks Surge as Crypto Market Sees Rejuvenation

The huge correlation between some key Wall Street firms and the cryptocurrency ecosystem was brought to the fore as the broader crypto rejuvenation stirred an upshoot in some Bitcoin-linked stocks. Having suffered a month-on-month regression in the combined market capitalization, the global cryptocurrency market has been placed on a path of revival following impressive news […]

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Binance-run Charity in Malta may face legal trouble

Binance-run Blockchain Charity Foundation is under threat of regulatory action in Malta as the commissioner for voluntary organizations Malta has warned the exchange over consecutive failures to file accounts for the past three years. The office of the commissioner claimed in a letter dated 23rd July that the world’s largest crypto exchange is guilty of […]

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Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal […]

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Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million […]

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Binance NFT to tokenize Leonardo-da-Vinci & Van Gogh’s artwork

Binance NFT platform has partnered with The Hermitage – one of the largest museums in the world, to tokenize artworks preserved at the museum. Binance announced yesterday that NFTs will be auctioned on its native marketplace at the end of August 2021. The collaborative NFT project is called, “Your token is kept in the Hermitage”, […]

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GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the […]

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Bitcoin (BTC) Price Falls 8% as Amazon Denies Bitcoin Payment Plans

Bitcoin price topped $40,000 to record a new monthly high of $40,499 earlier today before tumbling 8% to a daily low of $36,441. The top cryptocurrency is currently trading at $37,141. The price pump yesterday followed by an 8% decline is being attributed to Amazon’s Bitcoin payment news. Yesterday, a majority of media outlets reported […]

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Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025

Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025

Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish about ethereum long term, expecting a price of […]

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