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Tether responds to UN report about ‘illicit activity’ of USDT

• by admin
• January 16, 2024

The UN “completely neglects” developing economies using stablecoins like USDT because servicing them would be “unprofitable” for the agency, Tether argued. Major stablecoin firm Tether has responded to a United Nations (UN) report highlighting the alleged involvement of its Tether USDT $1.00 stablecoin in illicit activity. On Jan. 15, the Southeast Asia and the Pacific […]

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Google Play Store in India blocks Binance, OKX in response to FIU notice

• by admin
• January 14, 2024

Although Google’s Play Store blocked Binance and OKX, the Binance application and website are still available and working for existing users. Google’s Play Store in India has removed Binance and OKX crypto exchange apps after the government issued a noncompliance notice against them. The removal follows a similar decision by Apple’s App Store in India […]

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Montenegro court cancels extradition approval for Do Kwon

• by admin
• December 20, 2023

The Montenegro appeals court has thrown out a November decision by the country’s high court that the legal conditions for the former Terra CEO’s extradition had been met. A court in Montenegro has canceled the extradition approval of Terraform Labs co-founder Do Kwon to either the United States or South Korea. On Dec. 14, the […]

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Navigating this bull market and securing profit will be tougher than it seems

• by admin
• December 17, 2023

There are a few things you should do if you want to succeed in crypto during a bull market. But above all, remember to take profit. Strategically navigating the cryptocurrency market when it surges isn’t just a skil. It’s an art. Volatility is constant. Volatility measures the price movements of assets and demands a sophisticated […]

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US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

• by admin
• November 28, 2023

Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams. The United States Department of Justice announced it had seized roughly $9 million worth of USDT USDT $1.00 following Tether freezing funds connected to a criminal organization responsible for romance scams. In a Nov. 21 announcement, the Justice Department said […]

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This exchange signed soccer legend Andrea Pirlo as global ambassador to celebrate sixth anniversary

• by admin
• November 26, 2023

A crypto exchange is celebrating its sixth anniversary in style by announcing a high-profile collaboration with a footballing great. CoinW, a major cryptocurrency exchange, has announced a new partnership with Andrea Pirlo, a renowned soccer player. There are plenty of similarities between the worlds of sports and crypto. Both have passionate supporters and vibrant communities […]

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Unibot contract $560K exploit crashes token price by more than 40%

• by admin
• November 23, 2023

Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the exploited contract and move the funds to a new wallet. A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 […]

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Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

• by admin
• November 22, 2023

Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims. Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares […]

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Elon Musk launches AI chatbot ‘Grok,’ says it can outperform ChatGPT

• by admin
• November 19, 2023

Grok costs $16 per month on X Premium Plus. But for now, it is only offered to a limited number of users in the United States. Elon Musk and his artificial intelligence (AI) startup xAI have released “Grok” — an AI chatbot that can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests. […]

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Semiotic AI granted $60 million by the Graph Foundation to support ecosystem growth

• by admin
• November 16, 2023

Semiotic AI will become the third core protocol developer to join the Web 3.0 network this year and is set to enhance the platform’s security, scalability and economic efficiency through the use of emerging technologies. News The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand […]