Crypto news

Hackers who targeted Atomic Wallet earlier this month are laundering large sums of stolen XRP through centralized exchanges, on-chain data shows. According to xrpforensics on Twitter, the hackers began “heavily laundering funds,” on Monday, spawning new blockchain addresses to avoid blocklists established by crypto exchanges.  “We’re monitoring and working closely with exchanges to try and seize as much as possible,” said the team.  At least 280,000 XRP were sent to Binance,...

Bitcoin(BTC) has risen back above $30,000 for the first time since April amid optimism that a Bitcoin spot ETF product could soon be approved in the United States.  The asset appears to be outperforming other cryptos, sending Bitcoin dominance to another two-year high above 51%.  Bitcoin traded for roughly $28,300 early on Wednesday, before surging to $30,650 by 16:38 UTC. At press time, the asset trades for $30,250, according to TradingView. The pump puts Bitcoin up 7.00%...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Former Coinbase product manager Ishan Wahi will serve two years behind bars after he took part in a crypto-based insider trading scheme. Former Coinbase Manager Heading to Prison As a former employee of one of the world’s largest and most renowned crypto trading platforms, Wahi gained access to specific...

Huobi founder Li Lin has accused the crypto exchange of using the Huobi trademark, an action that supposedly goes against the agreement in the original acquisition contract. According to Chinese crypto reporter Colin Wu, X-Spot Co. Limited, controlled by Li Lin, has filed a lawsuit in the High Court of the Hong Kong Special Administrative Region against crypto exchange Huobi Global for trademark Infringement. Huobi founder Li Lin formally sued Huobi Global in Hong Kong for...

Tether – the company behind the largest stablecoin – announced the launch of USDT on Kava (a layer 1 proof-of-stake blockchain network). Following the latest development, the token is now live on over a dozen networks, including Ethereum, NEAR Protocol, Solana, Tron, Algorand, and more. The stablecoin issuer praised Kava network for its scalability and speed, saying it will be the next blockchain where USDT will circulate. Paolo Ardoino – CTO at Tether – thinks the initiative...

Kava layer one blockchain joins other chains – like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron – that support USDT. The leading United States dollar-pegged stablecoin, Tether (USDT) has found a new channel to mainstream adoption through the Kava network, a layer one (L1) blockchain that was designed with scalability and speed in mind. According to the announcement, Tether USDT will work closely with the Kava blockchain to reshape the future of decentralized finance....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin endured a slight rise in mid-May after numbers emerged suggesting inflation was potentially easing up. Inflation May Be Dying Down a Bit Regions like the U.S. and the U.K. have been subjected to the highest inflation seen in roughly 40 or 50 years. Things like gas prices, food prices, and the costs of...

[PRESS RELEASE – Please Read Disclaimer] BFG is the native currency of the BetFury. Platform users mined the last BFG token recently. Hence, in honor of the end of BFG Mining, BetFury is holding a grand Crypto Rush event with the $800 000 prize pool. The event starts on June 21 and consists of many profitable activities. Crypto Rush for $800 000 Crypto Rush is a huge event dedicated to chasing BFG after the end of Mining. The total prize pool is 50 000 000 BFG (about...

In addition to recruiting top-tier lawyers to bolster its defense, Coinbase has also filed “amicus briefs,” commonly known as friend-of-the-court briefs. In the face of intensified regulatory scrutiny within the cryptocurrency industry, Coinbase Global Inc (NASDAQ: COIN), a prominent American digital assets service provider, took a strategic legal approach to proactively influence court rulings in unrelated cases before becoming the primary target of a US crackdown. According to a recent...

Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest asset manager filed with the securities regulator to introduce a BTC Spot ETF in the States.  Invesco Rejoins the Race Eric Balchunas –...