In recent reports, it has been revealed that Venezuela’s state-owned oil and gas company PDVSA is planning to accelerate the use of cryptocurrency, particularly USDT, to bypass US sanctions. The company has gradually started integrating USDT for oil sales since 2023. Moreover, PDVSA now has a new policy in place that mandates new customers to
Block Inc, a fintech company led by Jack Dorsey, has recently announced the completion of its advanced Bitcoin mining chip. This development is a crucial milestone for the firm’s mining project, positioning it to thrive in the fifth mining epoch and beyond. Block’s three nanometre (3mn) Bitcoin mining chip is currently undergoing its full design
NuggetRush is not just your average game; it immerses players in a 3D mining metaverse filled with lands rich in resources waiting to be discovered. This unique setting allows players to embark on solo adventures or team up with friends for an unforgettable gameplay experience. One of the standout features of NuggetRush is its NFT
The Dork Lord (DORK) token has experienced a massive uptrend, skyrocketing by a staggering 83,810%. This incredible surge in price has caught the attention of the crypto community, particularly with its unique PEPE-style design and its association with Solana. However, despite the initial excitement, the token has seen a significant pullback, currently trading at $0.000914
In response to reports suggesting that state actors were using Tether’s USDT tokens to bypass US sanctions, the stablecoin issuer has announced its decision to freeze any addresses linked to sanctioned entities. A spokesperson for Tether stated that the company fully respects the Office of Foreign Assets Control (OFAC) SDN list and is dedicated to
In a bold move, the Blockchain Association and the Crypto Freedom Alliance of Texas have decided to take legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the recent sanctioning of a rule by the SEC that redefines the parameters for what constitutes a “dealer” of securities. According to the
In light of the recent Bitcoin halving event, Bitfinex has conducted a detailed analysis of the cryptocurrency market dynamics. Despite the ongoing uncertainty in the United States economy, Bitfinex’s Alpha report on April 22 reassured investors by examining on-chain data that indicates positive signs for Bitcoin. One key finding is the increased level of exchange
Recently, there has been speculation surrounding the market activity of Ethereum, the second-largest cryptocurrency by market cap. It is believed that Tron founder, Justin Sun, has been accumulating a significant amount of Ethereum, raising questions about the impact of whale activity on the market. The suspected wallet believed to belong to Sun has made substantial
Meta is set to revolutionize the world of mixed-reality technology by expanding its Meta Quest ecosystem. By opening up the operating system of its Meta Quest devices to third-party manufacturers such as Xbox and Lenovo, Meta is paving the way for a new wave of innovation in the metaverse. This bold move has the potential
The Ethereum Open Interest has been experiencing a downtrend in recent times, indicating a potential impact on the asset’s price. Open Interest refers to the total number of derivative-related contracts open for Ethereum across all exchanges. A rise in this metric suggests that investors are actively opening new positions, leading to increased market leverage and