In a firm response to circulating rumors regarding potential investigations by United States authorities, Tether CEO Paolo Ardoino strongly denied the allegations of his company being scrutinized by federal prosecutors in Manhattan. This denial came in the wake of a Wall Street Journal article that hinted at a probe into the stablecoin issuer. Ardoino dismissed
On October 24, 2023, the Netherlands took a notable step towards regulating cryptocurrency by initiating a public consultation on proposed rules surrounding crypto ownership and taxation. This move signifies the Dutch government’s commitment to creating a transparent framework aimed at reducing tax evasion associated with digital currencies. As the crypto landscape continuously evolves, governments worldwide
In recent years, the world of cryptocurrency has surged into the mainstream, and with it has emerged a new breed of journalist who not only documents but also educates. Semilore Faleti is one such individual whose contributions to cryptocurrency journalism are shaped by both deep knowledge and genuine passion. His journey from a versatile writer
In a rapidly evolving digital landscape, Layer 1 blockchains are at the forefront of innovation. Somnia has recently made significant strides in this space with the release of its latest litepaper, detailing an impressive array of updates aimed at enhancing its infrastructure. By optimizing for the Ethereum Virtual Machine (EVM), Somnia is poised to attract
Bitcoin continues to assert itself as a frontrunner in the realm of cryptocurrency, especially when it comes to the average duration that investors hold onto their assets. With an impressive average holding period of 4.4 years, Bitcoin has effectively solidified its reputation as a reliable long-term investment vehicle, often referred to as “digital gold.” This
Ethereum (ETH) has found itself in a precarious market situation in recent weeks, particularly as it struggles to maintain the $3,000 threshold. The price fluctuations have been minimal, showing small uptrends while still facing substantial resistance. This lack of stability can be detrimental, indicating possible shifts in trader sentiment and overall market dynamics. Analyzing the
The Australian investment landscape has been rocked by the startling fraud case against Grant Colthup, the former CEO of ACCE Australia. Colthup’s legal troubles emerged after an investigation by the Australian Securities and Investments Commission (ASIC) uncovered that he had allegedly embezzled $1.47 million (2.2 million Australian dollars) from a customer involved in cryptocurrency trading.
In a bid to enhance transparency and reassure users regarding fund security, WazirX, one of India’s prominent cryptocurrency exchanges, has recently released its proof-of-reserves (PoR) report. The document indicates that a significant portion of customer assets—over 40%—is held on various third-party exchanges. This strategic move, announced on October 25, underscores the necessity for trust in
The cryptocurrency landscape is perpetually evolving, with new contenders emerging to captivate the market. Among these, the Solana-based meme coin, Cat in a Dog’s World (MEW), has gained significant attention recently. Over the past fortnight, MEW’s price surged an impressive 85%, with the coin recently peaking at over $0.01. This remarkable performance not only secured
In recent weeks, Solana (SOL) has emerged as a standout performer in the cryptocurrency landscape, capturing the attention of investors and analysts alike. The cryptocurrency demonstrated a remarkable price increase of approximately 11% within a single week, peaking at $178 on October 24, its highest value in nearly three months. As of now, Solana is