Tether has partnered with digital assets infrastructure provider Fuze to enhance education and awareness surrounding digital assets in Turkey and the Middle East. According to an official press release, the duo have signed a Memorandum of Understanding (MoU), which is a cooperative agreement between two parties that can include general terms and goals but is not…
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US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal ‘cryptojacking’ operation. Charles O. Parks III, also known as “CP3O,” allegedly defrauded two cloud computing providers, resulting in losses of $3.5 million, while using their resources to mine cryptocurrencies worth approximately $970,000, including Ether, Litecoin, and Monero,…
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CORE, NEO, PENDLE make the shortlist for best crypto to buy now. Image by cryptonews.com With cryptocurrency markets are choppy on Monday as traders weigh potentially easing geopolitical risks in the Middle East against another stronger-than-expected US economic data release, which has pushed traders further downsize bets on near-term rate cuts from the US Federal…
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Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. While trading volumes did experience a slight increase from $17 billion to $21 billion on a week-on-week basis, activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) dropped relative to…
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Bitcoin has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021. In a recent note, Matteo Greco, a research analyst at digital asset investment firm Fineqia International, said that Bitcoin market cap dominance has hit its highest level in three years despite recent…
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The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya. Anjarwalla had managed to escape custody in Nigeria, but his cover was blown upon his arrival in Kenya, according to a report from Nigerian media outlet The Punch. The report also said there have been intensified discussions between the…
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The cryptocurrency market experienced a significant downturn following an Iranian drone attack on Israel, leading to a widespread sell-off of digital assets. Bitcoin, the largest cryptocurrency, saw a 7.7% decline on Saturday, marking its most substantial retreat since March 2023. Although the token managed to recover some losses and was trading around $64,000 on Sunday,…
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Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface. The fee has been raised from 0.15% to 0.25% for most swaps conducted through the platform. The change was implemented on April 10, as indicated by blockchain data. The first fee assessed on a new token…
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Blockchain platform VeChain has announced its partnership with the Ultimate Fighting Championship (UFC) to tokenize fighter gloves and track their identities using the VeChainThor network. In a recent blog post, the company said that the gloves worn by UFC fighters would be embedded with VeChain near-field communication (NFC) chips, enabling the recording of fight data and…
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Amidst growing concerns about national security and infrastructure vulnerabilities, China’s role in the cryptocurrency sphere has become a focal point of discussion. Historically, the U.S. has taken firm actions against perceived threats from Chinese technology companies such as Huawei and TikTok. The stakes are higher with cryptocurrencies, as Bitcoin mining operations could potentially serve as…
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