Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had…
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Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had…
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that…
This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an…
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering…
Buenos Aires’ Innovation and Transformation Secretary, Diego Fernandez, confirmed that Quarkid, a self-sovereign decentralized blockchain ID project, has already been implemented as part of the city’s app, Miba. In a…
Blockchain monitoring firm Arkham Intelligence has reported that the U.S. government recently initiated a significant transaction, withdrawing $5.4 million from the decentralized finance (defi) platform Aave. This transfer marks the…
Tigran Gambaryan, a U.S. citizen and former federal agent detained in Nigeria for eight months, has been released. The charges against him, brought by the Economic and Financial Crimes Commission,…
Kraken is setting its sights on launching its own blockchain next year, much like Coinbase’s Base chain, according to a report from Bloomberg’s Olga Kharif. The new network, which is…
Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7…
Following the backlash from his earlier comments regarding custody providers and self-custody, Michael Saylor turned to X to clarify that he does not oppose self-custody. During an earlier interview, Saylor…