News

Tether is being investigated by the US Treasury Department

October 26, 2024 1 min read

The USDT stablecoin, issued by Tether, is reportedly under investigation by the US Department of Justice for potential violations of anti-money laundering laws. This news comes on the heels of Tether’s CEO, Paolo Ardoino, advocating for clearer regulations in the cryptocurrency space. According to the Wall Street Journal, the inquiry is focused on whether Tether has engaged in activities that could violate sanctions or facilitate money laundering, including connections to

North Korea’s Lazarus Group steals $3 billion in cryptocurrency

October 26, 2024 1 min read

A recent report from Kaspersky Lab has shed light on a troubling cyber heist orchestrated by the notorious Lazarus Group, a hacking collective linked to North Korea. Over a span of six years, from 2016 to 2022, these hackers managed to siphon off a staggering $3 billion in cryptocurrency by luring victims with a counterfeit blockchain game. The scheme took advantage of a security vulnerability in Google Chrome, which the

Hackers allegedly steal $20 million in crypto from US government wallets

October 26, 2024 2 mins read

In a troubling development, hackers are believed to have made off with $20 million in cryptocurrency from wallets associated with the US government. The stolen assets include popular cryptocurrencies like USDC, USDT, aUSDC, and Ethereum (ETH). Reports indicate that the hackers have already started laundering the funds through quick exchanges. The breach was uncovered by Arkham Intelligence and crypto investigator ZachXBT, although the US government has not yet publicly acknowledged

Over $5 billion in Bitcoin and Ethereum options set to expire

October 26, 2024 2 mins read

Today marks a significant moment in the cryptocurrency world, with over $5 billion in Bitcoin and Ethereum options set to expire. This event is stirring up anticipation for potential price fluctuations, particularly as Bitcoin has $4.25 billion and Ethereum has $1.01 billion in options expiring. Analysts are closely watching the “max pain points”—the price levels where most options contracts will expire worthless—which could influence market movements. As these options reach

Michael Saylor sparks controversy in the Bitcoin community by downplaying self-custody

October 25, 2024 2 mins read

Michael Saylor, the CEO of MicroStrategy, recently stirred up controversy in the Bitcoin community with his remarks on Bitcoin custody and regulation. In an interview, he expressed concerns about the risks associated with self-custody, where individuals manage their own Bitcoin, suggesting that it could lead to potential seizure or confiscation. Instead, he advocated for Bitcoin to be held by regulated institutions like BlackRock and JPMorgan Chase, arguing that this approach

Ripple Labs files a major appeal against the SEC, challenging key definitions

October 25, 2024 2 mins read

Ripple Labs is taking a stand against the SEC by filing a Civil Appeal Pre-Argument Statement in their ongoing legal battle. This document, submitted on October 24, outlines the key points Ripple plans to argue in their appeal, which will be reviewed from scratch by the court. The appeal focuses on four main issues. First, Ripple challenges the SEC’s definition of an “investment contract” as outlined in the Securities Act

Pennsylvania House of Representatives passes “The Bitcoin Rights Bill”

October 25, 2024 1 min read

Pennsylvania has made a significant move in the realm of crypto by passing “The Bitcoin Rights Bill,” which aims to provide much-needed regulatory clarity for the crypto industry. This legislation, known as House Bill 2481, garnered strong bipartisan support in the Pennsylvania House of Representatives, passing with a vote of 176 to 26 on October 23, 2024. The bill offers essential protections for Bitcoin and cryptocurrency holders, emphasizing the right

GOAT meme token jumps buy over 20% following Binance listing

October 25, 2024 1 min read

Binance, the leading cryptocurrency exchange globally, has exciting news for meme coin enthusiasts. On October 24, 2024, they will introduce a futures contract for the popular meme coin, Goatseus Maximus (GOAT). This new GOATUSDT perpetual contract will allow traders to leverage their positions by up to 75 times, making it an enticing option for those looking to maximize their potential gains. The announcement has already sparked interest, with GOAT’s price

Solana-based meme coin POPCAT surges by over 27%

October 24, 2024 1 min read

In a surprising twist in the crypto landscape, while major players like Bitcoin and Ethereum are experiencing declines, the Solana-based memecoin POPCAT (SOL) has emerged as a standout performer. It recently hit an impressive all-time high of $1.67, marking a remarkable increase of over 24.63% from a previous low of $1.34 within just 24 hours. This surge follows a brief dip earlier in the week, hinting at a renewed wave

Italy raises the capital gains tax on cryptocurrencies from 26% to 42%

October 24, 2024 1 min read

Italy has recently made headlines by implementing a significant tax increase on cryptocurrency earnings, raising alarms among investors. Under the new 2025 Budget Law, capital gains from Bitcoin and other crypto will now be taxed at a hefty 42%, a jump from the previous rate of 26%. This change, which has been officially enacted by President Sergio Mattarella, is part of the government’s strategy to enhance revenue through the regulation

ZachXBT claims Chinese trader launders millions in stolen funds for North Korea’s Lazarus

October 24, 2024 1 min read

Crypto investigator ZachXBT has raised serious allegations against Yicong Wang, a Chinese over-the-counter (OTC) trader, claiming he has been laundering millions of dollars in cryptocurrency for North Korea’s notorious Lazarus Group since 2022. This hacking group is infamous for its involvement in significant crypto thefts, including a reported $35 million laundered through Cambodia in July and an accusation from the U.S. in October of stealing $879 million. ZachXBT’s investigation suggests

MANTRA launches its mainnet, enabling tokenization of real-world assets on-chain

October 24, 2024 1 min read

MANTRA has officially launched its mainnet, a pivotal advancement in the world of blockchain aimed at integrating real-world assets (RWAs) onto the chain. This launch not only enhances the functionality of its OM token, which has transitioned from the ERC-20 standard to the MANTRA Chain, but also allows users to stake their OM tokens and earn rewards in the burgeoning RWA ecosystem. The introduction of MANTRA’s mainnet underscores its ambition