Author: CryptoHoppers

The United States has started a forfeiture complaint to seize nearly $200,000 worth of USDT held on Binance linked to a $1.1 million pig-butchering scam. The funds in question are linked to two pig-butchering scams that defrauded an anonymous victim of over $1 million. Documents filed in the District Court of Columbia detail this information. According to the documents, the USDT in question is suspected to be proceeds from “wire fraud, wire fraud conspiracy, money laundering, and money laundering conspiracy.” The two scams The documents describe how an anonymous victim fell prey to two pig-butchering scams, resulting in a loss…

Privacy is a big deal. In the world of decentralized blockchain most transactions are public. Now, there is a need for more privacy. Launched in 2017, COTI is a Web3 infrastructure development company that has a cost-effective and robust crypto infrastructure which puts privacy first. COTI has built one of the most unique and feature-rich payment networks in the industry, including a DAG-based base protocol and infrastructure that is scalable, fast, inclusive, low cost, and optimized for finance. What Is COTI? COTI deployed Garbled Circuits in collaboration with its partner Soda Labs to create a mechanism that allows multiple parties…

What is a Digital Product Passport (DPP)? A Digital Product Passport (DPP) is a digital record containing comprehensive information about a product. This includes details about its origin, materials, manufacturing process, environmental footprint, care instructions, authenticity, and more. Typically, DPPs are linked to products via technologies like NFC chips, QR codes, or digital fingerprints, making the information easily accessible to consumers. Why Blockchain Makes Sense for DPPs Blockchain technology offers a secure, transparent, and immutable ledger that is ideal for maintaining and sharing the detailed and sensitive information contained in DPPs. Here are several reasons why blockchain is a perfect…

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase […] Source link

Digital assets manager CoinShares says institutions poured two billion dollars into crypto products last week alone. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products reached $2 billion last week, equaling the totals from the four weeks prior. “Digital asset investment products saw inflows totaling US $2bn, bringing this recent five-week run of inflows to US$4.3bn. Trading volumes in ETPs rose to US$12.8bn for the week, 55% up from the week prior. Unusually, inflows were seen across almost all providers, with a continued slowdown in outflows from incumbents. We believe this turnaround in sentiment is a…

With the anticipated launch of Cardano Node 9.0 in June, Cardano is poised for a significant shift. This update sets the scene for the much-anticipated Chang hard fork, which marks the beginning of the Voltaire Age, a transformative era focused on self-governance for Cardano’s blockchain. In a recent comment on X, the creator of Cardano, Charles Hoskinson, talked about this upcoming release and underlined that it would allow for the preparation for the following stages of evolution. Hoskinson further stated that the next month of June will be a crucial one for Cardano with the launch of version 9.0 of…

Hedge funds’ shorts on Bitcoin futures counter ETF inflows, maintaining the cryptocurrency’s market price equilibrium. The post Bitcoin flat despite high ETF inflows as hedge funds short BTC at record levels appeared first on Crypto Briefing. Source link

HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following […] Source link

Bitcoin ($BTC) has breached the milestone of $70,000. When writing this article, it is way above $71,000, exchanging hands at $71,156.02. This reflects a growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it is a surge of 11.97% in a single month. Many factors are painting this picture; however, the one that stands out is whale activity. Large investors have shown strong confidence in Bitcoin. They have accumulated almost 70,000 BTC tokens within 30 days, roughly translating into a billion-dollar margin. This only goes on to show that long-term holders are again…

Tornado Cash (TORN) price and defi total value locked (TVL) surged while the broader crypto market has been consolidating in bearish condition. TORN is up by 11.8% in the past 24 hours and is trading at $3.36 at the time of writing. The asset’s market cap surpassed the $17 million mark with a daily trading volume of $51,000. TORN is currently the 957th-largest cryptocurrency. TORN price – June 9 | Source: Santiment Moreover, the asset briefly touched an intraday high of $3.39 earlier today, at around 08:40 UTC. Despite the current price rally, TORN is still down by 99.23% from…