Sindhu

Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.

Posts by Sindhu

Vitalik Buterin Strongly Disagrees Polymarket’s Categorization Under Gambling

Vitalik Buterin, Ethereum’s co-founder, recently voiced his disagreement over the categorization of Polymarket as “gambling.” He believes that this characterization is a significant misunderstanding. According to Vitalik Buterin, prediction markets serve as valuable social epistemic tools, offering unbiased public insight into important events. Unlike traditional media, these markets provide a

August 26, 2024 2 mins read

US DOJ Reportedly Investigating Tether for Alleged Violations

Tether Helps Law Enforcement Recover Over $108.8M in Illicit USDT

Tether has actively collaborated with law enforcement agencies globally since its inception in 2014 to combat illegal activities involving its stablecoin, USDT. The company has played a significant role in helping 145 law enforcement agencies recover more than $108.8 million in USDT. This amount was tied to various illicit activities.

August 24, 2024 2 mins read

Russia to Launch Two New Crypto Exchanges to Boost Foreign Trade

Russia is planning to launch two new cryptocurrency exchanges to bolster its foreign trade (FT) activities. The exchanges will be established in Moscow and St. Petersburg, aiming to create secure platforms for cryptocurrency transactions aligned with international trade practices. In St. Petersburg, the new exchange will be based on the

August 23, 2024 2 mins read

FBI to Use NFTs for CluCoin Crypto Fraud Restitution

The Federal Bureau of Investigation (FBI) is taking an innovative approach to reach victims of crypto fraud. The agency plans to use Non-Fungible Tokens (NFTs) to notify victims of a Miami-based crypto scheme called CluCoin. The FBI aims to distribute approximately $1.14 million back to the victims. This represents one

August 23, 2024 2 mins read

WazirX Cancels Open Orders Over INR and Crypto Balances Issues

WazirX, a leading cryptocurrency exchange, recently cancelled all open orders on its platform. The exchange took this step to address ongoing issues related to Indian Rupee (INR) and cryptocurrency balances. This decision has sparked concern among users who had active trades on the platform. The problem stems from discrepancies between

August 22, 2024 2 mins read

Trader Turns $1K into $750K with SunWukong Memecoin

In the volatile nature of the cryptocurrency market, an anonymous trader has turned a modest $1,000 investment into a jaw-dropping $750,000 by trading the SunWukong memecoin. The trader’s holdings in SunWukong surged to this impressive peak, yet he has not sold a single token, leaving the crypto community speculating about

August 22, 2024 2 mins read

Floki Inu Proposes $200K Investment in Simon’s Cat Token

Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the

August 20, 2024 2 mins read

Seychelles Embraces Comprehensive Virtual Asset Regulation

The Seychelles National Assembly has approved the Virtual Asset Service Providers (VASP) Bill 2024, marking a significant step towards establishing a regulated environment for virtual assets. This legislation aims to align Seychelles with international standards, particularly those set by the Financial Action Task Force (FATF) while fostering an innovation-friendly financial

August 20, 2024 2 mins read

Sinohope to Gain Control Over BitTrade Via Strategic Acquisition

Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock Exchange (HKEX). This acquisition marks a significant expansion for Sinohope in the cryptocurrency space.

August 19, 2024 1 min read

Vitalik Buterin Fuels Privacy Revolution with 400 ETH to Railgun

Ethereum co-founder Vitalik Buterin has recently made headlines by transferring 400 ETH (approximately $1.05 million) to Railgun, a crypto mixer known for its privacy-enhancing features. This significant transaction highlights Buterin’s support for privacy in the cryptocurrency space and underscores Railgun’s growing prominence. Furthermore, Buterin has previously advocated for the crypto

August 19, 2024 2 mins read