Visa study reveals 90% of stablecoin transactions are done by bots and large-scale traders

Share this article A recent study conducted by Visa and Allium Labs suggests that the vast majority of stablecoin transactions are initiated by bots and large-scale traders, not genuine users. The dashboard,... Read more »

Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom

Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware... Read more »

Six Coinbase customers claim the exchange is violating securities laws in new lawsuit

Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5.... Read more »

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto... Read more »

Token distribution tactics should focus on real value, not hype, says Uniswap founder

Share this article While initial interest in blockchain projects might be sparked by marketing strategies like airdrops, what truly matters is what keeps users engaged with the project in the long run.... Read more »

The rise of Bitcoin ETFs and future market implications

The following is a guest post from Shane Neagle. Regardless of an asset’s fundamentals, its value is governed by one underlying feature – market liquidity. Is it easy for the wider public... Read more »

Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC

Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably,... Read more »

BTC-e crypto exchange operator pleads guilty to money laundering in the U.S.

Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was... Read more »

US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme

U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors... Read more »

DOJ charges three Cred execs over $783 million in customer fund losses

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former... Read more »
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