It has come to light that the notorious North Korea-backed hacker group Lazarus has made a strategic shift in its money laundering tactics. Despite previous US government sanctions that led them to cease the use of the crypto mixer Tornado Cash, the group has resorted to utilizing it once again to obfuscate their transactions. This
Binance recently made a statement regarding its operations in Nigeria, stating that the country is not one of its top markets. This comes in the midst of a conflict with local authorities over allegations of manipulating the local fiat currency. The dispute escalated to the point where two senior executives from the exchange were detained.
In the fast-paced world of cryptocurrency, meme coins like Satooshi Nakahobo have been making headlines with their explosive price surges. Satooshi Nakahobo, in particular, saw a staggering 600x surge in value, attracting the attention of investors looking to capitalize on the latest trends in the market. However, despite its initial success, the coin’s price volatility
Crypto.com, a prominent crypto trading platform, has recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for operating within the European country without proper registration for two years. The Dutch regulations stipulate that crypto firms must register with De Nederlandsche Bank (DNB) under the Anti-money Laundering and Anti-Terrorist Financing Act to
MicroStrategy, the American business intelligence and software development company, has announced its intention to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes shortly after the company sold approximately $800 million in convertible debt offerings to purchase 12,000 BTC, valued at $821.7 million at the time. It is evident
Bitcoin recently hit a new all-time high of nearly $74,000, just hours after dropping below $72,000. This surge comes after a strong end to the previous week, where Bitcoin broke the $70,000 barrier for the first time, only to experience a slight retracement. Despite this setback, Bitcoin bulls quickly recovered ground over the weekend, leading
MakerDAO, a leading DeFi lending protocol, has recently announced its ambitious ‘Endgame’ plan, set to launch in summer 2024. This first phase will see the rollout of a series of major features aimed at driving growth and establishing a virtuous cycle of Dai adoption. The introduction of SubDAOs, new tokenomics, a rebranded image, and innovative
Ethereum (ETH) is on the cusp of a significant enhancement with the upcoming Dencun upgrade aimed at improving the network’s scalability. However, amidst this anticipation, QCP Capital, a reputable crypto asset trading firm, has highlighted an emerging trend that could potentially impact Ethereum’s price trajectory. The firm’s analysis indicates a shift in “risk reversals” for
The cryptocurrency market is experiencing a surge in meme coins, with Solana-based LAMBO token leading the pack with an incredible price increase of +69,420%. This novelty token, inspired by the famous crypto meme ‘Wen Lambo?’, has garnered significant attention within the crypto community. The recent price action of LAMBO token showcases its explosive growth, with
The article discusses the current price trends of Near Protocol (NEAR) in the cryptocurrency market. It highlights the recent rally of NEAR reaching a market price of $7.85 but facing minor retracement after failing to maintain support above $8. The price prediction suggests a potential retracement towards lower support levels at $6.5 if NEAR fails
