This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Russia implements a regulatory framework for Bitcoin mining operations
Russian news agency TASS reported on Saturday that the Russian government has implemented a new law to regulate the turnover of digital currencies, with the objective of regulating Bitcoin and crypto mining activities…[continue reading]
2) Ripple CEO Alerts of Tether Problem
Reports from the Wall Street Journal indicated that the company was experiencing troublesome developments, which led to the prediction. Nevertheless, the CEO of Tether promptly denied these allegations, stating that they were “unambiguously false.”…[continue reading]
3) BingX Introduces ‘ShieldX’ to Prevent Future Hacks
This was a significant success, as you can imagine, and BingX temporarily suspended withdrawals to address the issue. Initially, Vivien Lin, BingX’s chief product officer, referred to the incident as a “minor compromise” and assured users that BingX would reimburse any misappropriated funds. Nevertheless, it became apparent that the severity of this compromise was greater than initially alleged as more information became available…[continue reading]
4) US DOJ will investigate Tether
Tether, the issuer of the USDT stablecoin, has reportedly been the subject of an investigation by the U.S. Department of Justice (DOJ) for potential anti-money laundering violations. The crypto market has experienced a selloff as a result of USDT’s loss of its dollar basis…[continue reading]
5) BlackRock’s Bitcoin ETF Leads Market with Record Inflows Despite Price Volatility
Despite the fact that Bitcoin has been having difficulty maintaining the important $68,000 threshold, BlackRock has been aggressively capitalizing on the price drop by purchasing about 29,714 BTC, which is equivalent to nearly $2 billion, over the course of nine straight trading days. IBIT’s entire assets now amount to 399,355 Bitcoins, which is about $27.16 billion and represents more than 2% of the total quantity of Bitcoin that is now in circulation…[continue reading]
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