More than 9 million Russians own cryptoassets such as Bitcoin, Ethereum, and USD-pegged stablecoins, experts claim. Per the Russian-language media outlet Comnews, Valery Petrov, Vice President of the Russian Association of Crypto Industry and Blockchain (RACIB), said on June 4 that his organization thinks “approximately” nine million citizens hold crypto. Do 9 Million Russians Really...
South Korean police have raided a suspected “fake crypto mining” operation that pretended to offer investors profits from mining Cardano (ADA) and other tokens, officers in Incheon announced on June 3. According to Yonhap, police in the city of Incheon arrested a group of 13 people arrested, with seven held in custody on “organized crime”...
The Indonesia stock market has moved higher in back-to-back sessions, collecting almost 130 points or 1.9 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets suggests mild upside on easing treasury yields. The...
Cryptonews Podcast Matt Zahab recently sat down for an exclusive interview with Unique Divine, the co-founder and CEO of Nibiru, the user-centric layer-1 Super Chain. Divine discussed the Nibiru EVM, which is coming in Q3, and its relevance. He talked about the challenges of raising funds for a new project, the lessons learned when creating...
Avail has secured $43 million in a Series A funding round to develop secure rollup interoperability and data availability. According to a press release shared with CryptoNews, the latest round saw investments from Founders Fund, DragonFly Capital, Cyber Fund, and participants including SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, among other VCs and...
Australia\'s gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the first quarter of 2024, the Australian Bureau of Statistics said on Wednesday. That was shy of expectations for an increase of 0.2 percent following the upwardly revised 0.3 percent gain in the previous quarter (originally 0.2 percent). On an annualized basis,...
Tether has invested $18.75 million in XREX Group to enhance cross-border payments and foster financial inclusion in emerging markets. This investment aims to enhance financial inclusion, introduce innovative financial solutions, and improve the efficiency of cross-border payments in emerging markets while driving innovation in regulatory technology. Tether Facilitating Adoption with Its Investment in XREX Group...
Ethereum co-founder Vitalik Buterin has voiced strong criticism against the recent trend of celebrity-backed meme coins, emphasizing the need for more meaningful and impactful projects in the cryptocurrency space. Through a series of tweets and a comprehensive blog post, Buterin outlined his dissatisfaction with celebrity meme coins, which he believes lack purpose and longevity. He...
While reporting financial results for the third quarter on Wednesday, United Natural Foods, Inc. (UNFI) raised its adjusted bottom line results guidance for the full-year 2024, while maintaining annual net sales outlook. For fiscal 2024, the company now projects a loss in a range of $1.85 to $1.45 per share and adjusted results between a...
An alarming report from Tether’s CEO, Paolo Ardoino, confirmed that a major vendor managing mailing lists for various crypto companies had been compromised. This breach has potentially exposed sensitive information, leading to fraudulent emails suggesting crypto-airdrops. As multiple thought leaders have claimed, this breach poses a significant threat to security and trust within the crypto...