In this category of NewsCrypto, you will find news covering the whole cryptocurrency market and delivering the most recent developments in the industry. The market news section is constantly updated by a team of writers worldwide, who work tirelessly to bring you the most up-to-date information. Investors, standard readers, and financial lovers worldwide may find the most up-to-date information about the cryptocurrency and blockchain industry in the market news area. The website focuses on providing readers with unbiased information on current crypto market movements.
Blockchain analytics firm Elliptic has released a report accusing the Cambodia-based marketplace Huione Guarantee of enabling money laundering and other illicit activities. Since its inception in 2021, crypto wallets associated with Huione Guarantee and its independent merchants have reportedly received over $11 billion, which is suspected of involving fraudulent transactions.
Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the
Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens. By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins
Coinciding with a meteoric rise in inflation, crypto popularity in Argentina has reached new heights. According to researchers from Forbes, Argentina has been dominating the Western hemisphere in crypto adoption with an annual inflation rate of 276%. According to a Forbes report from July 8, experts found that among Western
The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world. It is
For funds, VCs, investors in digital assets, and cryptocurrency firms, today represents a major breakthrough. After a year of careful planning, partnerships, and extensive testing, Nuant is thrilled to present the release of its cutting-edge platform for managing portfolios of digital assets and creating cutting-edge strategies. A complete 360-degree intelligence
The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat
The US House of Representatives is poised for a critical vote this week with substantial implications for the crypto industry. Lawmakers will decide whether to overturn President Joe Biden’s veto of a bill aimed at eliminating the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that companies offering crypto
Consensys-based Wallet support and Web3 firm MetaMask released its new toolkit at the EthCC event on July 9. The company aims to simplify the developer process within Web3 and to enhance user experience in DApps. The entire Web3 community is working towards bringing the technology into the mainstream on a
The cryptocurrency market has been grappling with bearish sentiment since late June, pushing Bitcoin to a five-month low below $54,000 and Ethereum to a two-month low under $2,820 last week. The global market cap dipped below $2 trillion, and many altcoins hit yearly lows with significant double-digit declines. In the
