Tether’s slowdown in supply points to cooling crypto activity
As of June 24, Tether’s month-over-month supply has risen by less than 1.5%, down from over 5% in April and May.
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R3 Consortium Member Closes $10 Million Funding Round for Blockchain ID Platform
United States-based credit union service organization CULedger has raised $10 million in a Series A funding round for its credit union-focused blockchain platform, according to a press release published Jan. 29.The company, which is a member of R3’s global blockchain ecosystem, first announced its funding round and its goal of raising $10 million in October,…

Bitcoin follows fresh US stocks dive as analysis ‘expects’ BTC price to take $37.5K liquidity
Bitcoin (BTC) faced selling pressure at the Wall Street open on April 22 as markets began a rerun of April 21's losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo let-up for stocks or crypto as losses mountData from Cointelegraph Markets Pro and TradingView showed BTC/USD following a grimly familiar course on April 22, hitting lows of $39,197…

Bitcoin Market Dynamics See Change After BTC Reward Halving
One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an exponential growth in institutional interest, the halving seems to have marked the start of a new reality for all Bitcoin market participants.Although the…

Tornado Cash saga highlights legal issues affecting the crypto market
Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado…

Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%
Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira. Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data…

China: Three Hackers Arrested for Allegedly Stealing $87 Million in Crypto
Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local…

Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening. 47 Total views 1 Total shares Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the…

Donald Trump taps ex-Bitfury crypto exec to lead US banking regulator
Jonathan Gould served in the Office of the Comptroller of the Currency in Donald Trump’s last administration and went on to a stint in the crypto industry at blockchain firm Bitfury.