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.
The crypto market is struggling to recover from the bear-hold to the potent bull momentum. Ethereum (ETH), the largest-capped altcoin, marks the slightest revival above $3K with a gentle spike of 1.52% in the last 24 hours. The highest ETH price marked was $3,127, and the lowest was $3,025. Notably,
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
The potent bulls struggle to hold their ground as bears dominate the crypto market currently. Bitcoin (BTC) witnessed a minor spike of 1%, struggling to move higher. BTC price has fluctuated within the $53,000–$70,000 range, as the asset has faced multiple resistance-support levels over the past month. Amidst the ongoing
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
In a recent wave of high-profile hacks, American rapper and singer Doja Cat’s Twitter account was hacked to promote a Solana-based meme coin. The hack began at 7:15 PM ET on Monday, with the account’s profile picture and description removed. And over two dozen tweets posted, urging followers to “buy
Ethereum, the largest-capped altcoin, marks the slightest recovery back to $3,000 with a minute spike of 1.25% in the last 24 hours. Alongside Bitcoin’s dip to $53.4K, Ethereum bottomed at $2.8K last week, creating a panic in the market. Mt. Gox and the German Government were among the instigators of
Bitcoin (BTC), the largest cryptocurrency by market cap, has continued to display its dismal price trends ever since the start of July. Following BTC’s price dip, the global crypto market shed over a hundred billion dollars, returning it to $2.05 trillion. Notably, over the last 24 hours, Bitcoin formed a
The market has been very bearish in recent days, and today marks another decline as it enters the fear zone, with the global market down 3%. Bitcoin, the largest cryptocurrency, has fallen below the $56K range, now trading at $55,580, while altcoins face double-digit declines. Among them, the Pendle coin
Taiwan’s second-largest telecom operator, Taiwan Mobile, has stepped into the cryptocurrency space. The company has applied to become the nation’s 26th Virtual Asset Service Provider (VASP) operator. Acquiring the license, it aims to establish its cryptocurrency exchange. According to the local media report, Taiwan Mobile gained approval after submitting its
