Chainalysis Hires Ex-IRS Head to Combat Crypto Crime
Chainalysis, a pioneering blockchain forensics firm, has made a strategic addition to its team by bringing on board James Lee, the former chief of the U.S. Internal Revenue Service (IRS) Criminal Investigations, as its new Global Head of Capacity Building. This move marks a significant step in bolstering the company’s efforts to equip law enforcement, […]
CFPB Eyes Crypto Gaming Regulation
The U.S. Consumer Financial Protection Bureau (CFPB) has turned its regulatory gaze towards the burgeoning field of online gaming, particularly focusing on financial transactions within gaming platforms. This scrutiny forms part of the CFPB’s wider mission to safeguard consumers in the financial marketplace, a domain that now evidently extends into the virtual economies embedded within […]
Crypto Markets See Red
The cryptocurrency market has experienced a turbulent week, with Bitcoin notably bobbing below its old 2021 high of $69,044, failing to recapture its recent all-time high of $73,737. As the weekend commences, Bitcoin’s price has adjusted to $67,957, marking a nearly 3% decline over the week. This downturn is attributed to movements by crypto fund […]
Saga Token Sets Binance Record
As the Saga layer-1 blockchain network gears up for its much-anticipated token listing, the crypto community has shown unprecedented enthusiasm, particularly among Binance users. In a remarkable display of interest, these users have shattered previous records by staking over $13.1 billion in Binance Coin (BNB) and the FDUSD stablecoin through Binance’s Launchpool campaign platform. This […]
Meme Coin Market Correction
The meme coin sector is experiencing a notable correction, diverging from the relatively stable performance of the broader crypto market. Among the affected, Solana-based Dogwifhat (WIF) witnessed a significant drop, retreating from its March 31st all-time high, showcasing a 15.9% decline in just a day and a 10.4% decrease over the week. This downturn isn’t […]
Doge Runestone: NFTs on Dogecoin
The crypto space witnessed another remarkable event as the Doge Runestone project celebrated a significant milestone with an airdrop of Dogecoin NFTs, following in the footsteps of the Bitcoin Ordinals collection, Runestone. This marks a pivotal moment, showcasing the expanding versatility and adoption of Dogecoin for unique digital collectibles. In a recent development, the Doge […]
PayPal’s Stablecoin Goes Global
PayPal has made a significant leap in the crypto payments arena by allowing U.S. customers to utilize its stablecoin, PayPal USD (PYUSD), for international transactions. This development, announced through a press release on Thursday, marks a new chapter for PayPal’s venture into the crypto space, underlining its commitment to fostering the mainstream adoption of cryptocurrencies. […]
Ethereum’s Security Status Debate
The question of whether Ethereum (ETH) is a security or commodity has long stirred debates across the financial and crypto sectors. Recently, a report from JP Morgan has shed light on this ongoing discussion, suggesting that Ethereum’s growing decentralization might be its ticket to evading the security label. JP Morgan’s analysis points to a significant […]
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