Author: News Room

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows. TRM Labs […] Read the full article here

Tigran Gambaryan, a top executive at Binance, has taken legal action against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. According to a Reuters report, Gambaryan, an American citizen, has filed a Fundamental Rights suit alleging wrongful detention by Nigerian authorities. Unjust Detention and Court Orders Gambaryan’s lawyer, T.J. Krukrubo SAN, presented the case before the Federal High Court in Abuja, revealing that his client’s detention is being used by the Nigerian government as leverage to extract demands from Binance. Details from the suit reveal that Gambaryan, accompanied by Nadeem…

Roger Ver, former “Bitcoin Jesus” known as a rigorous proponent of Bitcoin Cash for many years now, has taken to the X platform (formerly popular as Twitter) to remind the cryptocurrency community about the founder of the Silk Road darknet marketplace – Ross Ulbricht. Roger Ver’s important tweet about Ulbricht Ver reminded the community that Ulbricht was sentenced to a double lifetime term in prison without a chance of parole. Ulbricht was arrested in 2013, when he was 29; the Silk Road, where illegal drugs were traded for Bitcoin, shut down the same year. Since that year, he has been…

Cardano (ADA) has marked another week of significant technological advancements, with IOHK, the development entity behind the project, unveiling notable progress. Updates reveal key improvements across various aspects of the platform, highlighting Cardano’s ongoing commitment to innovation and development. In core technology, efforts have focused on integrating the latest node release, v.8.10.0-pre, into SanchoNet for governance testing. Additionally, enhancements to test frameworks and data quality by the ledger team underscore Cardano’s dedication to ensuring platform stability and reliability. The forthcoming release of Lace v.1.9 promises users a range of new features and enhancements, while the Plutus team’s optimization guide for…

In the last 24 hours, bullish momentum has had the upper hand in the Dogecoin (DOGE) market. After starting the day at a price of $0.1986, DOGE rallied to $0.2266, its highest level of since 2021. This surge comes amidst a backdrop of increasing transaction volumes and speculation surrounding the potential integration of Dogecoin on the social media platform X, owned by Elon Musk. DOGE/USD 24-hour price chart (source: CoinStats) The surge in Dogecoin’s price is accompanied by a 17% increase in trading volumes, reaching $5,869,996,594 within the past 24 hours, while its market capitalization surged by 6% to $5,869,996,594.…

SBF could potentially earn enough credit to reduce his sentence by half. Sam Bankman-Fried (SBF), founder of the collapsed crypto exchange FTX, recently received a 25-year prison sentence for crypto fraud. This sentence is far less than the 40-year minimum prosecutors sought and the 110-year maximum suggested by sentencing guidelines. Legal experts said SBF might serve even less time with good behavior. James Murphy, a renowned crypto lawyer, outlined possible next steps in the SBF case. According to him, SBF’s team will appeal the conviction and sentence as part of its legal strategy. SBF has been sentenced to 25 years…

Early in the morning of March 27, hackers impersonating Decrypt sent an email to our newsletter subscribers announcing a fictitious token airdrop. As soon as we got wind of the phishing attempt, we sent a follow-up email notifying our readers of the scam. However, in our haste to warn our subscribers, and because of a similar phishing attempt that occurred in January, we incorrectly blamed our email service provider, MailerLite, for this attack. In fact, the hackers had apparently obtained our password key to the service from someone on Decrypt’s side—MailerLite was not at fault. “Due to security reasons, MailerLite…

Dogwifhat (WIF) leads as Solana’s largest memecoin, surpassing PEPE’s market cap. However, it still falls short of DOGE and SHIB. A recent uptick in its value has been noted. At the same time, its 7-day RSI has slightly decreased. This combination suggests a chance for more price growth. Furthermore, EMA lines are showing a consistent upward trend. This trend hints at a positive future. It implies WIF’s price could soon exceed the $4.7 mark. Despite Its Growth, WIF Is Still Behind Other Memecoins WIF has established itself as the leading memecoin in the Solana blockchain ecosystem. It showcases a market…

The market is trying to restore lost positions, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has risen by 2.13% over the last day. On the hourly time frame, traders should focus on the level of $70,912. If the daily bar closes above it, the upward move may lead to a test of the $72,000 zone tomorrow. On the bigger chart, bulls are also more powerful than bears. If the bar closes near the current prices, there is a possibility to see a breakout, followed by a move to a new all-time high. On the weekly time frame, buyers…

CryptoQuant analyst Maartunn has taken note of the largest influx of the USDC stablecoin in history. Earlier today, a staggering $1.4 billion worth of USDC was deposited to the Coinbase exchange. According to Maartunn, this might be a signal of strong buying pressure. Notably, such a massive USDC inflow also occurred in early 2023 when the Bitcoin price was nearing the bottom of the previous bearish cycle. At press time, Bitcoin is trading below the make-it-or-break-it $70,000 level after dropping by nearly 2% over the past 24 hours. More bullish predictions According to cryptocurrency trader Ali, the largest cryptocurrency has…