Over the past month, a significant shift in the world of cryptocurrencies has unfolded. The total market capitalization of stablecoins has slightly decreased, slipping below the $131 billion mark. This surprising trend is worth exploring, as it deviates from the usual upward trajectory stablecoins have witnessed over the past years.
Stablecoins worth $11.6 million were stolen in a cyberattack last month that targeted an earlier version of the Yearn Finance protocol. The exploiter has recently transferred more than $3.6 million, or over 2000 ETH, via Tornado Cash. According to data from PeckShield, a blockchain analytics company, the exploiter is transferring
Polkadot-based Tether (USDT) may now be deposited and withdrawn on Binance, the world’s largest cryptocurrency exchange. Polkadot announced the news on Twitter, noting the ease with which Binance customers may transfer USDT to Polkadot. Thus, facilitating more rapid and less cumbersome transactions with the stablecoin. Tether’s addition to the Polkadot
Binance, the world’s largest crypto exchange, has responded to the U.S. Treasury seizing $4.4 million and freezing accounts linked to North Korean crime. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners
On May 23, the U.S. Treasury announced the blacklist of crypto holdings wallets with alleged ties to the North Korean government. According to the report, the Binance-hosted wallets received several cryptocurrencies worth $2 million that were then sent to the North Korean entities. Treasury’s Office of Foreign Assets Control (OFAC)
Robert F. Kennedy Jr., the presidential candidate in the United States, became the first-ever presidential candidate to accept Bitcoin as a campaign donation. Moreover, he stated that everybody is passionate about Bitcoin, not just because it is a currency but because it’s an exercise in democracy. Robert showed up at
DIBA, the “first Bitcoin NFT marketplace” utilizing RGB smart contracts, launches on the mainnet. The platform aims to facilitate NFT migration from Ethereum to Bitcoin more than Bitcoin Ordinalds has. Digital Bitcoin Art and Assets, or DIBA, a US-based company, announced that it is launching “the first Bitcoin NFT marketplace,”
Reports indicate that Bloomberg News carried out a survey that encompassed 60 well-known cryptocurrency companies. The survey encompassed a wide range of entities, including exchanges, mining companies, analytics firms, and token issuers. Its objective was to assess the state of governance and controls within the crypto industry. Several of these
Today’s Bitcoin price analysis indicates the king coin has followed a declining trendline since recording a 12% price decline from a high of $29,865 on May 6. The price has dropped to as low as $26,166.87 on some exchanges, indicating a 3.16% dip in the last 24 hours. The current
Phemex, a cryptocurrency exchange has announced the addition of the FLOKI Inu perpetual trading pair to its platform. Phemex users can now trade FLOKI with leverage of up to 20x. Traders can now buy and sell the 1000FLOKI/USDT contract on the exchange. Perpetual contracts are a type of derivative that
