Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014

The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown.The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended…

Over half of the 100 largest banks by assets under management are reportedly investors in major crypto and blockchain technology-based companies and projects. 706 Total views 4 Total shares Global banking giants are reportedly increasing their involvement in the emerging crypto and blockchain firms by way of early- and late-stage funding for projects and businesses…

Overleveraged traders feel the pain once again as volatility wipes out huge amounts of value in minutes. 4260 Total views 21 Total shares Bitcoin (BTC) crashing to $27,700 and rebounding seconds later was a shock for some and financial ruin for others, data shows.According to on-chain analytics resource Glassnode, futures traders with long positions lost…

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its U.S. dollar peg,…

Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed new law. 511 Total views 2 Total shares Own this piece of history Collect this article as an NFTArgentina’s Ministry of Economy, the country’s economic policy manager, has drafted a bill…

Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank. 590 Total views 12 Total shares Own this piece of history Collect this article as an NFTUnited States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB)…

Ethereum co-founder and ConsenSys Inc. CEO Joseph Lubin said in an interview with Bloomberg Aug. 14, that he does not see the recent cryptocurrency price collapse as a constraint to further growth. In а recent discussion on the state of the cryptocurrency market with Bloomberg, Lubin said that the value surges of the past year…

Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019.In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on the inflows into its products for the period from July 1, 2019 through Sept. 30, 2019.The third quarter of the year marked…

Today, Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — has published a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges. The initial announcement, reported by Reuters, was made by Chief Executive Ashley Alder at a local fintech event on Nov. 6. Regulatory clarity for crypto exchangesThe new requirements detail how…