Venezuela’s state-owned oil and gas company PDVSA has unveiled plans to expedite the use of cryptocurrency, particularly USDT, to evade US sanctions. The company initiated the integration of USDT for oil sales back in 2023 and has now introduced a new policy requiring new customers to possess a digital wallet containing cryptocurrency. The decision to
In a recent statement to CryptoSlate, stablecoin issuer Tether announced that they would be freezing any addresses associated with sanctioned entities. This decision was made in response to reports suggesting that certain state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for the company emphasized Tether’s commitment to complying with the
Recently, the Blockchain Association and Crypto Freedom Alliance of Texas made headlines for taking legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC’s sanctioning of a rule that redefines the parameters for what constitutes a “dealer” of securities. According to the groups, this action was deemed “arbitrary and
In the aftermath of the highly anticipated Bitcoin halving event, Bitfinex has released a report providing a thorough analysis of the current market dynamics surrounding Bitcoin. Despite the prevailing uncertainty in the United States economy, Bitfinex’s Alpha report, published on April 22, offers a positive outlook for Bitcoin based on on-chain data analysis. This article
Recently, there have been suspicions that Tron’s founder, Justin Sun, has been making significant purchases of Ethereum (ETH), resulting in a potential market recovery for the second-largest cryptocurrency by market cap. Wallet analyses have revealed that a mysterious wallet, believed to belong to Sun, has acquired a substantial amount of ETH from various exchanges since
Recently, the Dork Lord token (DORK) has experienced a staggering increase of +83,810%, propelling it into the spotlight of the crypto community. This PEPE-style token, developed on the Solana blockchain, quickly gained popularity on Crypto X after being endorsed by various SOL meme coin influencers and alert bots. Despite its initial success, DORK faced a
Meta, previously known as Facebook, is set to revolutionize the world of mixed-reality technology by opening up the operating system of its Meta Quest devices to third-party manufacturers. This bold move includes partnering with industry leaders such as Xbox and Lenovo to bring the Meta Horizon OS to a wider audience. The goal is to
Gaming enthusiasts rejoice as The Machines Arena is set to launch its open beta version on April 23rd. This top-down MOBA game promises a fast-paced gameplay experience where teams of four players battle it out in various modes. With a unique emphasis on teamwork and a wide range of characters to choose from, The Machines
The Ethereum Open Interest has been trading at lower levels recently, which could potentially have implications for the asset’s price. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric goes up, it indicates that investors are opening new positions on these platforms, leading to increased
Cardano recently experienced a significant price crash over a two-week period. However, the market has begun to recover, leading to a more positive outlook for the ADA price. According to analysts, including crypto analyst CobraVanguard, this recovery is expected to continue, with CobraVanguard specifically predicting a bullish trend towards $1. The recent crypto market crash,
