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As the US government ramps up its damning legal campaign against the cryptocurrency industry over the past two years, one company has escaped prosecution. Tether is the company that developed the stablecoin of the same name, pegged to $1, which has become the go-to currency for various blockchains. transaction. But Tether may no longer be able to escape scrutiny. wall street journal Federal prosecutors in Manhattan are investigating whether Tether violated money laundering and sanctions laws through its use by global criminal networks for drug trafficking, terrorism and hacking, according to a report Friday. thing. The company categorically denies this…
A cryptocurrency wallet owned by the US government may have been breached and penetrated by hackers, raising concerns about the security measures the government has in place for its digital assets. This hacking incident may be a clear sign of lenient cybersecurity practices when dealing with government-controlled cryptocurrencies. This may indicate that governments need to strengthen their firewalls and adaptability to digital technologies. Tracking suspicious activity The apparent hacking incident was reported by Arkham Intelligence, which was able to track the movement of over $20 million in crypto assets to different locations. The platform said it was suspicious that a…
(Bloomberg) — Despite gains in tech stocks, the rally in stocks subsided as banks dragged down the broader market. Bitcoin fell after reports that federal investigators are investigating the cryptocurrency company Tether.The S&P 500 index rose nearly 1% before closing little changed. Banks were hurt, with New York Community Bancorp falling 8.3% on the worsening outlook. Goldman Sachs Group Inc. fell 2.3% and JPMorgan Chase & Co. fell 1.2%. Cryptocurrency stocks fell after the Wall Street Journal reported that the United States is investigating Tether for allegedly violating sanctions and anti-money laundering rules. The Magnificent Seven's megacap numbers recorded their…
advertisement     As the need for energy-efficient, low-cost, and fast payments grows, so does the demand for the XRP Ledger. Santiment, the on-chain metrics provider leading this development, acknowledges: “The number of active wallets on the XRP Ledger has surged significantly, with the number of unique wallets making at least one transfer per day reaching 35,799, the highest in over three months. Additionally, 3,858 new wallets were created in one day, the highest number in more than seven months. ” Source: Santiment Top analytics firm CryptoQuant echoes these sentiments, stating: “XRPL has seen a significant increase in AMM liquidity,…
The price of Neiro has increased significantly recently. However, the future of this meme coin could be shaky as traders start taking profits. Meanwhile, the next Pectra fork of Ethereum is expected to significantly improve layer 2 scalability, making transactions faster and cheaper. What you can't miss is that BlockDAG (BDAG) is back in the spotlight. BlockDAG, which just passed its $100 million presale goal, has unveiled a new, easy-to-use website that demonstrates the company's commitment to making technology more accessible. With returns as high as 1960%, early backers and newcomers alike are excited to explore the updated site. Due…
The next big opportunity, the next 100x crypto gems! That is the goal of every investor who wants to profit from their cryptocurrency investments. OG and Titan status Ethereum and BNB There's no room for debate. But 2024 will shake things up. Introducing the new GambleFi altcoin roll blockand its attractive iGaming solution has turned things around. Is it possible to challenge the dominance of ~? Ethereum and BNB this year? Let's find out. The success of Rollblock's GambleFi is top altcoins. 2024 list top altcoins The new Rollblock GambleFi protocol will never be finished. Even before its launch, Rollblock…
LidoDAO has launched the Community Staking Module (CSM), a major advancement for solo staking on the Ethereum network. This new feature eases entry requirements for node operators and simplifies access to staking. The deployment of CSM will make Ethereum staking more accessible and decentralized, potentially impacting the price of its native token, LDO. LDO prices could rise as LidoDAO rolls out low-cost Ethereum staking options According to X’s announcement, LidoDAO has activated a community staking module on Ethereum’s mainnet, offering low-cost entry for solo stakers. CSM allows solo operators to manage Ethereum validators with a minimum deposit of 1.3 ETH…
Cryptocurrency markets are falling despite increasing whale trading. cryptocurrencyprice Gain +/-Bitcoin BTC/USD $66,789.25-1.9%Ethereum ETH/USD $2,471.40 -2.5%Solana Sol/USD $167.86-5.4%dogecoin doge/usd $0.134-5.6%Shiba Inu SHIB/USD $0.00001721-3.8% Notable statistics: According to IntoTheBlock data, large transaction volume increased by 12.5% and daily active addresses decreased by 6.3%. Transactions over $100,000 fell from 8,210 to 8,092 in one day. Exchange net flows decreased by 38.6%. According to data from Coinglass, 80,992 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $236.73 million. Notable developments: Top losers: cryptocurrencyprice Gain +/-pop cat Pop Cat/USD $1.42-11.1%goat seus maximus goat/usd $0.6569-10.8%pendle pen dollar/USD $4.46-8.7% Trader…
As the year draws to a close, Microsoft plans to hold its annual shareholder meeting on December 10th. This year's list of “ballot items” for shareholders includes a proposal to diversify Microsoft's assets and increase shareholder value by investing in Bitcoin, according to a Securities and Exchange Commission filing published Thursday. It is. The company's board of directors is urging shareholders to vote against it. The proposal, titled “Evaluating an Investment in Bitcoin,” assumes that Microsoft's current corporate bond investments barely outpace inflation, and assumes the company has “a good, if not the best, inflation rate.” He suggests that investors…
Solana's network fees recently reached an all-time high of more than $5 million. Solana is outperforming the Ethereum blockchain in fees and revenue as the SOL/ETH chart forms new highs. Solana [SOL] It has gained more than 13% in the past seven days and is trading at $173 at the time of writing. The recent rise coincided with a spike in network activity and usage as the Solana blockchain outperformed other networks. Ethereum [ETH] In key metrics. This growth could extend Solana's rally and potentially push it above $200. Solana flips Ethereum on network fees According to DeFiLlama data, Solana’s…