The Chinese police forces recently made a major breakthrough by uncovering a large underground banking operation that was utilizing the popular stablecoin Tether (USDT) to transfer a significant amount of money. The operation, which involved up to 13.8 billion yuan ($1.9 billion), was exposed by the Public Security Bureau of Chengdu Municipal. This crackdown resulted
Crypto
Dogecoin, a meme currency powered by hash work, has seen a meteoric rise in its market capitalization, reaching $19.8 billion. This surge can be attributed to the influence of prominent figures like Elon Musk. Musk’s tweets and endorsements have propelled Dogecoin to new heights, with the cryptocurrency experiencing a significant increase in value over the
In recent months, the field of artificial intelligence (AI) has been rapidly evolving. One notable development is OpenAI’s introduction of the ChatGPT model, which now includes an improved voice assistant capable of reading body movements. This advancement has not only enhanced user experience but has also sparked interest in AI-related technologies. As a result, the
The cryptocurrency market is currently experiencing a positive trend, with various leading digital assets such as Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Chainlink (LINK) witnessing significant gains. However, the meme coin sector does not share the same bullish sentiment, with only a few exceptions showing daily increases. One notable exception is Doland
More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. The trend has been
Bitcoin, the world’s leading cryptocurrency, is currently facing a unique situation in the market. Despite past growth periods being fueled by increases in global money supply and investor risk appetite, the current cycle has not shown the same pattern. The lack of a surge in demand, as noted by CryptoQuant’s analyst Gustavo Faria, is a
On Monday, May 13, Hong Kong witnessed a significant outflow of $39.3 million from spot Bitcoin and Ethereum ETFs. This marks the highest outflow since their launch on the Hong Kong Stock Exchange on May 2. The spot Bitcoin funds from Bosera, China Asset Management, and Harvest collectively lost $32.7 million, while the Ethereum funds
CoinGate, a blockchain payment processor based in Lithuania, has recently announced the addition of Shiba Inu as a payment method. By integrating SHIB with Polygon and Binance Smart Chain, CoinGate is providing businesses with the opportunity to buy, sell, manage, and accept cryptocurrencies. This move acts as a bridge between the world of crypto and
Bitcoin’s price has been struggling to regain its momentum after a sharp drop from the $75K level. However, there are signs that a new bullish wave might be on the horizon. The daily chart reveals that BTC has been trading within a descending channel pattern, forming lower highs and lows. While this pattern is typically
Robinhood, the trading platform popular among millennials, recently released its earnings report, showcasing remarkable growth and success. The first-quarter results revealed an impressive record revenue of $618 million, marking a significant 40% increase year-over-year. The revenue generated from cryptocurrencies saw an even more astounding surge of 232%, reaching $126 million. Transaction-based revenues also experienced a