Author: CryptoHoppers
Share this article Around 40 crypto projects are set for token unlocks next month, with a combined value of roughly $860 million hitting the market. According to data from Token Unlocks, Xai, AltLayer, Arbitrum, and Aptos lead the charge with the largest token releases.Xai is set to release around 198 million XAI tokens on July 9, which represents 71.5% of its circulating supply, valued at approximately $97 million. These tokens are allocated to the project’s team, reserve, investors, and ecosystem.Source: Token UnlocksFollowing closely, Aptos will unlock 11.3 million APT tokens on July 12, valued at almost $79 million, designated for…
Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation targeted phishing, investment fraud, fake online shopping sites, romance, and impersonation scams, leading to the arrest of 3,950 suspects and identifying 14,643 […] Source link
Crypto Live NewsAuthor: Elena R Elena R AuthorElena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Jun 25, 2024 19:01 MasterDAO, a defi lending protocol has announced a $1.35 million audit contest that will be hosted on the Sherlock Platform, a Web3 audit contest provider. Set to start on July 8, the contest will continue until August 5, aiming to engage security experts in the field and emerging researchers to identify vulnerabilities. A…
Key Insights Share this article Geneva Switzerland, June 26, 2024 – TRON DAO welcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“the Media”). Per court order, the Media has removed all of its false contents and issued a formal statement of apology to Sun, who has long been a target of media misrepresentations.The Media acknowledged in the statement that it had published false and defaming contents without fact-check or evidence, severely damaging Sun’s reputation. “The rumor-monger has finally published an apology…
In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […] Source link
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill allowing American citizens to settle federal income tax obligations using Bitcoin (BTC). Gaetz said the modernized tax system would promote innovation, increase efficiency, and maintain the U.S.’s leadership in technological advancement. Per an official statement from Gaetz’s staff, the policymaker was inspired to pursue new legislation after personally witnessing Bitcoin’s impact in El Salvador. “This is a bold step toward a future where digital currencies play a vital role in our financial…
Tether will cease to support the implementations of EOS and Algorand and instead focus on supporting community-oriented protocols and chains. Furthermore, they will concentrate on the development of use cases for USDT on each protocol in collaboration with community members. Tether has always remained focused on bringing about a strong and inventive blockchain ecosystem, in the case of USDT, as well as various other tokens released by them. To accomplish this objective, they conduct regular assessments of their current transportation surfaces to guarantee that sustainability, utilization, and the community’s advantages are concurrent. While linking USDT with specific blockchains, Tether’s primary…
Share this article Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network.CryptoQuant’s enhanced platform now offers expanded capabilities for both novice and seasoned blockchain enthusiasts to explore in-depth data and trends about the TRON ecosystem. Users can access a wide range of metrics and analytics tools designed to provide detailed insights into the blockchain’s dynamics, enabling more informed decision-making and strategy development. This integration also…
India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […] Source link
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean […] Source link