Category: Latest news

[ad_1] Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. Sam Bankman-Fried, the CEO of FTX, has been seeking the court’s assistance in prioritizing reimbursing his legal fees. SBF’s lawyers want to get paid The move comes after Bankman-Fried was named as a defendant or involved in…

[ad_1] In a rapid turn of events, Tether’s stablecoin dominance has surged to its highest point in a year and a half, a feat crypto watchers attribute to difficulties surrounding rival stablecoins USDC and BUSD. Tether USDT now stands at its highest dominance over the stablecoin sector in 18 months. According to Blockworks’ data analysis…

[ad_1] Quick Take ETH/BTC continues to break down and heads to 6-month lows, currently at 0.067. While in the past three days, we have seen almost $1 billion worth of Bitcoin flow back onto exchanges. As the contagion spreads from the banking sector, risk-on assets may suffer poorly in the short term. ETH/BTC: (Source: Trading…

[ad_1] Tom Emmer, Republican Congressman for Minnesota, wrote a letter to the Chairman of the Federal Deposit Insurance Corporation (FDIC), Mark Gruenberg, on March 15 expressing his concerns about the recent closures of digital asset and tech-centered banks like Silvergate, Signature Bank, and Silicon Valley Bank. FDIC weaponizing banks Emmer shared the letter on Twitter,…

[ad_1] Definition The total amount of coins held on exchange addresses. STBL is a virtual asset that aggregates the data of all ERC20 stablecoins supported on Glassnode, thereby creating a metric that sums up all exchange balances across stablecoins. Stablecoins included are: BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT, USDC. Quick Take Less…

[ad_1] This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net capital outflows and futures open interest data. (Source: Glassnode insights) This has caused USDC and DAI to trade at lower values of $0.88 and $0.89 respectively. DAI’s value drop is because…

[ad_1] The U.S. Department of Justice (DOJ) announced on March 15 that it has shut down the darknet cryptocurrency mixing service ChipMixer. The agency said that the platform has been used to launder more than $3 billion of cryptocurrency between 2017 and 2023. It added that the platform has been used in ransomware, fraud, darknet…

[ad_1] Cross-chain Web3 platform Poolz Finance (POOLZ) lost $390,000 to a hacking incident on Mar. 16, according to Forkast News’ report. Hackers attacked Poolz Finance’s token vesting protocols on the Binance Smart Chain (BNB) and Polygon (MATIC) chains, Forkast News noted. The attack was first noticed by crypto sleuth PeckShield, who Tweeted the problem to…

[ad_1] The U.K. is looking to mandate the declaration of crypto holdings in Self Assessment tax return forms. The move was announced as part of the U.K.’s latest annual budget published on March 15 and is expected to raise an additional £10 million for the government. U.K. citizens will have to declare their crypto holdings…

[ad_1] An investigation into no questions asked transfers between Moscow and London found several Russian crypto exchanges willing to accommodate cash trades. The investigation was conducted by the non-profit organization Transparency International (TI,) which seeks to “end the injustice of corruption by promoting transparency, accountability, and integrity.” Releasing the ironically titled report, “FROM MOSCOW-CITY WITH…