November 2024

cryptopunk #8348

CryptoPunk #8348 Loaned for $2.75M in Historic NFT Deal

CryptoPunk #8348, a rare one-of-a-kind CryptoPunk known for being the only one with seven traits, has been loaned for $2.75 million in a groundbreaking financing deal facilitated by NFT lending platform GONDI. The loan agreement, with a six-month maturity and a 20% interest rate, requires repayment from borrower and prominent NFT collector Seedphrase. If Seedphrase […]

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Tether for Money Laundering

Cocaine Traffickers Allegedly Use USDT for Money Laundering

A recent report alleges that criminal organizations linked to U.S. cocaine imports from Mexico and Colombia are increasingly turning to Tether (USDT) for large-scale money laundering operations. These operations are said to involve major drug cartels, including Mexico’s infamous Sinaloa cartel. USDT: The New Tool for Drug Cartels Drug traffickers are reportedly leveraging USDT, a

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Jim Cramer's Bitcoin

Jim Cramer’s Bitcoin Call Triggers Crypto Selloff

Jim Cramer, the outspoken host of CNBC’s Mad Money, has inadvertently cemented his reputation as a crypto market “counter-indicator” after his bullish remarks on Bitcoin preceded a sharp market downturn. Cramer’s Bullish Call and Market Reaction On Friday, Cramer issued a bullish call on Bitcoin, citing concerns about government spending and the growing U.S. deficit.

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uk crypto ownership

UK Crypto Ownership Climbs to 12%, FCA Research Finds

Crypto adoption in the UK has surged, with 12% of UK adults now owning digital assets, up from 10% in 2022, according to new research by the Financial Conduct Authority (FCA). Key Findings The FCA’s study, based on a nationally representative survey of 2,199 UK adults, estimates that 7 million people now own crypto in

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Binance unveils BFUSD

Binance Unveils BFUSD: Reward-Bearing Margin Asset

Binance officially unveiled BFUSD on Tuesday, a unique “reward-bearing margin asset” designed for futures trading and passive rewards. The product is set to launch on Wednesday, November 27, at 02:00 UTC, Asia time. What Is BFUSD? BFUSD enables users to earn passive rewards while serving as margin for Binance’s USDⓈ-Margined Futures. These contracts use stablecoins

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dogecoin seeks funding

Dogecoin Seeks Funding to Build Decentralized Payment System

The Dogecoin Foundation has announced a fundraising initiative to support the development of “Dogebox,” a decentralized payment infrastructure aimed at empowering small and medium-sized businesses. In a social media post on Sunday, the foundation called for major sponsors in 2025 to help fund efforts to drive the mass adoption of Dogecoin as a payment layer.

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