Source: yurchello108/AdobeAfter sanctions were imposed on Tornado Cash and Sinbad was shut down following similar actions against the platform, Chainalysis revealed that YoMix, a Bitcoin mixer, has stepped in as an alternative for the North Korean Lazarus Group Recent discoveries by the blockchain analysis firm show that a wallet linked to North Korean hacking operations received...
Tether Logo / Source: AdobeTether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending regulations. Despite Tether’s headquarters not being based in...
VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could soon let VCs hold crypto. VC...
Source: MidjourneyA Virginia Senate Committee has put forward a recommendation for an annual combined fund allocation of $39,240 to support two recently established commissions focused on artificial intelligence (AI) and cryptocurrency. The proposal, presented by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee on February 18, allocated over $23.6 million to various legislative departments....
Source: MidjourneyHong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three months after their pre-seed announcement. beoble plans to utilize...
Source: Dalle-3As bullish pressure ignites, the Sui network recorded a massive spike in transactions and TVL alongside the broader crypto market. New market data from decentralized finance (DeFi) on-chain analytics firm DeFiLlama shows an uptick in volumes from different metrics in the Layer 1 network. On Feb 19, the total value locked (TVL) on the...
Source: Dalle-3Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news: Canada’s EQ Bank Partners with Trulioo for Identity Document and Biometric Verification New Security Database Tracks Million Dollar Hacks Spot Volumes Rise for the Fourth Consecutive Month __________ Canada’s...
Source: Dalle-3Cryptocurrency investment funds recorded $2.45 billion in inflows in the last seven days as Assets Under Management (AUM) surged. A new CoinShares Digital Asset Fund Flow Report shows huge institutional flows into the cryptocurrency market last week. Largest weekly inflows into Bitcoin ETFs on record at US$2.45bnhttps://t.co/J0urqRyaWX — James Butterfill (@jbutterfill) February 19, 2024...
Crypto exchange leader Binance announced on February 19 that it will discontinue support for leveraged trading of six tokens and subscription services. According to an X post, these include BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN paired with the USDT stablecoin. Six Leveraged Trading Tokens Affected Giving a timeframe for the discontinuance, the world’s largest...
On February 16, the Ministry of Economy, Trade and Industry (METI) disclosed that the Japanese cabinet has approved a proposal allowing domestic venture capitalists (VCs) to invest in Web3 startups. The legal reform will enable Japanese VCs to participate in projects issuing virtual currencies, previously limited to international investors. Japan Encourages Local VCs To Invest...