Author: Chris Smith
Israel Confiscates Millions of Dollars in Crypto Linked to Terrorists
Reading Time: < 1 minuteThe Israeli government has confiscated funds from cryptocurrency wallets through which transactions in alleged Hezbollah and IRGC Quds Force funding schemes took place.
US Investment Firms Are Entering Crypto Market: CoinShares
Reading Time: < 1 minuteCoinShares has noticed heightened interest from major US asset holders in the cryptocurrency market.
Swiss Government Blocks Do Kwon’s Crypto Assets
Reading Time: < 1 minuteThe Swiss government has reportedly frozen $26 million in Bitcoin and other cryptocurrencies linked to Terraform Labs (TFL) and its CEO Do Kwon.
Optimism Changes Name of Project’s Network to OP Mainnet
Reading Time: < 1 minuteThe developers of Layer 2 Ethereum network Optimism have announced that they are officially changing their name to OP Mainnet.
The IMF Believes It Might Not Be Necessary to Ban Cryptocurrencies
Reading Time: < 1 minuteIMF analysts suggested countries to take measures to eliminate the driving factors of demand for cryptocurrencies, as well as to fill up the gap in digital payment services.
Cameron Winklevoss Says Now It Is a Good Time to Buy BTC
Reading Time: < 1 minuteCameron Winklevoss, co-founder of Gemini crypto exchange, has stated that investors should increase investment in cryptocurrency.
Arbitrum Devs Launch Tool for Creating L3 Solutions
Reading Time: < 1 minuteOffchain Labs has released a new toolkit, called Orbit, which allows users to create their own Layer 3 (L3) blockchains using the software stack, on the Arbitrum One, Arbitrum Nova, and Arbitrum Goerli testnet networks.
Investors Withdraw $150M from Binance and Kraken
Reading Time: < 1 minuteOver the past week, Lookonchain analysts have recorded a total outflow of 86,520 ETH (~$150 million) from Binance and Kraken.
US Department of Homeland Security Creates Group to Fight Cryptocrime
Reading Time: < 1 minuteThe US Department of Homeland Security has recently announced the formation of a new task force composed of five federal law enforcement agencies who will investigate crimes related to cryptocurrency and the dark web.
Number of New Litecoin Addresses Increases by 55%
Reading Time: < 1 minuteThe number of new addresses on the Litecoin network increased by 54.6% between June 10 and June 17, surpassing the 300,000 mark.
Trading on Kraken and Bybit Jumps by Almost 10%
Reading Time: < 1 minuteFollowing the FTX crash in November 2022, some crypto exchanges witnessed a decrease in user activity.
Coinbase: Predicting the Effects of a BTC Halving is Not Easy
Reading Time: < 1 minuteDavid Duong, the head of research at Coinbase, has highlighted that the consequences of the upcoming halving in 2024 are difficult to predict.
DAI Becomes Third Largest Stablecoin
Reading Time: < 1 minuteThe supply of BUSD had fallen by more than 70% since the beginning of 2023, while DAI experienced a 20% increase in investment during the same time period.
Frax Finance to Launch its Own Second-tier Ethereum Network
Reading Time: < 1 minuteThe Frax Finance team plans to launch its own second-tier Ethereum network, Fraxchain, by the end of the year.
Bitcoin Ransomware is Using Mining to Launder Funds
Reading Time: < 1 minuteChainalysis has reported that ransomware operators are relying more and more on mining pools to launder illegally obtained assets.
Coinbase Teams Up With Bitkey Wallet Devs
Reading Time: < 1 minuteCoinbase has teamed up with Bitkey, a non-custodial wallet developed by Block Jack Dorsey.
Bank of Thailand Starts Trials of National Digital Currency
Reading Time: < 1 minuteLast year, the Central Bank of Thailand expressed its desire to test a central bank digital currency (CBDC) within the next year.
Web3 Esports Platform Moxy.io is Integrating Shoks Rods Game
Reading Time: < 1 minuteMoxy.io has recently announced that is has teamed up with Stainless Games.
Mark Cuban: The SEC Could Recognize Any Token as a Security
Reading Time: < 1 minuteMark Cuban, an American financier and TV presenter, has spoken out against the Securities and Exchange Commission (SEC) for their lack of a system classifying digital currencies.
Nigeria Orders Binance to Suspend Service to Traders
Reading Time: < 1 minuteThe Nigerian Securities Authority has recently released a statement warning investors to stay away from Binance.
Crypto Exchange OKX Burns $258M Worth of its Native Token OKB
Reading Time: < 1 minuteOKX has destroyed 64 million of its tokens in its 20th native token buyback and burn procedure, with nearly 5.5M OKB valued at roughly $258M taken out of circulation.
Bedrock Update Significantly Reduces Optimism Network Fees
Reading Time: < 1 minuteFollowing the recent Bedrock update, Optimism’s L2 transaction fees saw a sharp decrease, going from $0.57 to $0.16, according to the Dune dashboard.
BitGo Plans to Acquire Crypto Custodian Prime Trust
Reading Time: < 1 minuteCustodian BitGo has reached a preliminary agreement to purchase all 100% of the securities of Prime Core Technologies, which includes cryptocurrency custodial company Prime Trust.
USDC Issuer Circle Receives Payment Institution License in Singapore
Reading Time: < 1 minuteCircle has been granted a Major Payment Institution license by the Monetary Authority of Singapore, enabling Circle Internet Singapore to offer digital payment token services and domestic and international money transfers in the country.
Securities and Exchange Commission Sues Coinbase
Reading Time: < 1 minuteThe Securities and Exchange Commission brought a lawsuit against Coinbase on Tuesday morning.
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