Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
GameStop has battled to stay solvent for years and isn’t finding solid ground with NFTs GameStop has alerted its users that it will be phasing out its nonfungible token (NFT) marketplace in February due to uncertainty about its regulation. In a declaration on GameStop’s website, the gaming retailer informed users that they have just over
Vanguard users are threatening to close their accounts as the company rejects cryptocurrency Asset management firm Vanguard’s decision not to permit purchasing of spot Bitcoin exchange-traded funds (ETF) on its platform has apparently driven some customers away. The Wall Street Journal reported on January 11 that Vanguard says it won’t offer spot Bitcoin ETFs on
The SEC has finally approved the first regulated spot Bitcoin exchange-traded fund The US Securities and Exchange Commission (SEC) has approved the first regulated spot Bitcoin exchange-traded fund in the country, just a day after a fake announcement posted on the SEC’s official Twitter page caused mayhem on the markets. On January 10, the SEC
The failed platform believes its creditors should pay back the money they withdrew before it collapsed Bankrupt cryptocurrency lender Celsius declared that creditors who made large withdrawals of funds ahead of the company filing for bankruptcy may be required to return some of those funds or be subject to legal action. Celsius bankruptcy managers filed
A crypto wallet traveling to the moon won’t be able to reach its goal Bitcoin is on the way to the moon as a cryptocurrency wallet containing 1 BTC was put onboard with astronauts in the lunar rocket Vulcan Centaur. The spaceship was launched from Cape Canaveral Space Force Station and was set to reach
Legislation in the state would give protections to those who mine and trade cryptocurrency Nebraska State Senator Eliot Bostar introduced a bill in the legislature on January 5 to establish basic crypto benchmarks in the state. Bill 911 seeks to adopt the Blockchain Basics Act, which aims to specify regulations promoting safe and legal cryptocurrency
The two financial investment groups want to publicly trade the crypto funds While they wait for a decision from the US Securities and Exchange Commission (SEC), Grayscale Investments and VanEck asset managers have filed notifications with the regulator revealing they plan to register shares of a spot Bitcoin exchange-traded fund onto public stock exchanges. The
The company is ready to file charges against the thief for stealing over $9 million Decentralized exchange dYdX announced that it had discovered the identity of the hacker responsible for a v3 platform attack on November 17, 2023, resulting in $9 million being stolen from its insurance fund. As a result of the revelation, dYdX
Bitcoin’s birth is celebrated in October, but January marks its true introduction The original cryptocurrency has battled detractors, haters, and troublemakers since the first block of Bitcoin was mined fifteen years ago. It is now ranked as one of the top ten most valuable assets worldwide. Many celebrate the release of Bitcoin’s white paper on
Despite an increase in Bitcoin interest, there are now fewer ATMs than in January 2023 The number of established Bitcoin ATMs worldwide is approximately 11.1% fewer than at the beginning of 2023, reversing a 10-year trend in which the number increased at the onset of each year. Coin ATM Radar indicates there are 33,628 crypto
The company is no longer interested in a crypto lending revival Celsius Network was recently approved for a second exit path from bankruptcy. The cryptocurrency company has decided against a deal with the Fahrenheit consortium in exchange for becoming a Bitcoin mining company. Court documents from December 27 show that Judge Martin Glenn consented to
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