Cryptocurrency mixers or blenders, are infamous for their involvement in money laundering; South Korea is considering regulating them in an effort to curtail illegal financial activity. Concerned about criminal groups’ abuse of crypto mixers, the nation’s Financial Intelligence Unit (FIU) is considering potential solutions. Importantly, this action is being taken
Bitfinex CTO Paolo Ardoino said that a “partial payments exploit” trying to transfer over $15 billion worth of XRP (XRP) from an unidentified wallet to Bitfinex on January 14 never materialized. Blockchain monitoring firm Whale Alert was the first to bring attention to the move. Whale Alert claimed to have
Launched in August via a cooperation with custodian company Paxos, PayPal’s stablecoin has seen significant growth in market value, presently surpassing $290 million. By the end of August, the total supply of PYUSD had increased to 43.3 million after its launch. During that period, a concentrated distribution was evident as
As a move toward becoming a center for virtual assets, Hong Kong has suggested strict restrictions for stablecoins. But the new change might make things tough for widely used stablecoins. Tether (USDT) and USD Coin (USDC), according to experts, might be in jeopardy since the regulation is more stringent than
MEXC, a prominent crypto exchange, finds itself embroiled in controversy over purportedly freezing accounts and seizing funds. Reports circulating on social media platforms, notably X, highlight grievances from multiple users since mid-December. The situation escalated when a pseudonymous trader disclosed a staggering loss of $92,000 in Tether tokens. They reportedly
A significant platform vulnerability was discovered at Telcoin, a developer of mobile-focused financial applications. Peckshield, a blockchain security business, and the Telcoin Discord community forum both acknowledged that the attack caused users to have over $1.2 million stolen from their accounts. As a result of a glitch with the company’s
From $33.3 billion last year to $10.7 billion in 2023, venture capitalists (VC) put 68% less money into blockchain and cryptocurrency firms. With a decrease in the second half and an increase in November, the majority of these investments occurred in the first half of the year. One interesting trend
The premier blockchain and Web3 event in Europe, Paris Blockchain Week, has revealed that additional speakers have been added to the lineup for its fifth edition, which will be held April 8–12, 2024, at the Carrousel du Louvre in Paris, France. The first round of speakers includes Claire Calmejane, CIO
Shiba Inu (SHIB) has been a prominent player in this space, experts are now pointing towards Retik Finance (RETIK) as the new frontier for bigger profits.Shiba Inu gained notoriety as a meme coin and experienced a surge in popularity, reaching remarkable highs in the past. However, predicting the price trajectory
The Palau Stablecoin (PSC) initiative entered its second phase with the official introduction by the Ministry of Finance of Palau. In a post on Twitter, Palauan cybersecurity expert and advisor Jay Hunter Anson verified the program’s second phase debut on December 15th. According to Anson, the PSC team will be
