Elliptic, a blockchain analytics company, disclosed a major Lazarus Group transaction involving $12 million worth of Ether. The cryptocurrency mixer Tornado Cash was used to complete this transaction. This platform was used again by the North Korean hacking group despite restrictions. These funds originate from a November cyberattack on HTX
March 15, 2024 2 mins read
Bitkey, Block’s long-awaited Bitcoin hardware wallet, has been launched by the company run by Jack Dorsey. Bitkey, a cryptocurrency wallet that costs $150, is a giant leap forward in terms of self-custodial cryptocurrency storage. It aspires to provide consumers with a more secure means of storing their Bitcoin, away from
March 14, 2024 2 mins read
President Nayib Bukele of bitcoin-friendly El Salvador has done away with income taxes on foreign investments entering the country. Bukele stated in a post on X: “Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%,” Since September 2021, when
March 13, 2024 2 mins read
Lawmakers in the European Union (EU) have passed new regulations to severely punish anyone who violates sanctions, including when it comes to cryptocurrency. The European Parliament (MEPs) passed fresh sanctions against travel bans, weapons embargoes, limitations on industries, and the freezing of assets (including cryptocurrency and wallets) on Tuesday. According
March 13, 2024 1 min read
A European digital asset investment business, CoinShares, recently concluded acquiring Valkyrie Funds. As part of the deal, CoinShares now gets the sponsor rights to Valkyrie Funds’ spot Bitcoin ETFs. According to CoinShares’ announcement on March 12, the acquisition includes the firm’s financial advising company, Valkyrie Investments, as well as the
March 12, 2024 2 mins read
The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity,
March 12, 2024 1 min read
Tether has entered into a strategic partnership with the Celo blockchain as part of its ongoing expansion of its USDT stablecoin across other blockchain networks. Celo is a layer-1 network that now supports Tether (USDT) and is compatible with the Ethereum Virtual Machine (EVM). It is meant for low-cost and
March 12, 2024 2 mins read
Decentralized autonomous organizations (DAOs) now have a legal framework thanks to a measure signed into law by Wyoming Governor Mark Gordon. Furthermore, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology of the legislature supported the law, which establishes a formal framework for decentralized unincorporated non-profit organizations (DUNAs)
March 10, 2024 1 min read
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. A month passed before the new products’ combined trading volume surpassed $50
March 10, 2024 1 min read
Based on Gary Gensler’s response to a query on the possibility of spot Ethereum ETF clearance, it seems that applicants for this product could have a lengthier wait than anticipated. Gary Gensler, chairman of the U.S SEC, spoke with Yahoo Finance’s Jennifer Schonberger yesterday. She brought up the topic of
March 9, 2024 1 min read
