North Korea’s missile program is believed to be funded, in part, by cyberattacks and cryptocurrency theft. The U.S. Deputy National Security Adviser for Cyber and Emerging Technology, Anne Neuberger, has stated that up to 50% of the country’s secretive missile program could be financed by such activities. Speaking at an event hosted by the nonprofit
Tether, a stablecoin issuer, has announced that it made a profit of $1.48 billion in the first quarter of 2021. The company attributed this profit to increasing interest rates, which helped it earn higher returns on its reserves. In a press release, Tether stated that it has both gold and Bitcoin in its reserves, with
The U.S. House Committee on Financial Services has given Securities and Exchange Commission (SEC) Chair Gary Gensler an ultimatum to respond to its inquiries. On May 9th, the lawmakers requested that the SEC provide the committee with internal non-public documents related to its activities, including charges against bankrupt FTX founder Sam Bankman-Fried, crypto regulations, and
PEPE (PEPE) has been holding its position as the third-largest meme token in terms of market capitalization, but has been losing value since May 5. The digital currency hit $0.00000431 per unit on May 5, and since then, its value has plummeted by 60% in USD terms. Bitcoin.com News noted on May 8 that the
Late on Wednesday, Bitcoin (BTC) briefly dropped below $27,000, as markets reacted to the latest U.S. inflation report. After reaching an earlier high of $28,322.69, BTC/USD slipped to an intraday low of $26,883.67 towards the close of yesterday’s session. This move saw bitcoin drop to its weakest point since March 28, when the price was
US-based crypto exchange Coinbase is exploring the possibility of using the United Arab Emirates (UAE) as its hub for international services in the Middle East and surrounding regions. Coinbase’s VP of International & Business Development, Nana Murugesan, said in a tweet that the country has the potential to be a strategic hub for the exchange
Intelion Data Systems, a major Russian importer and distributor of mining hardware, has reported that the Russian Federation has the potential to increase its leadership in the field of crypto mining. As countries such as the United States, Canada, and China begin to toughen policies towards the industry, there may be a major migration of
TBD, the crypto firm of Jack Dorsey, has collaborated with Ray Youssef, co-founder of Paxful, to launch a new decentralized peer-to-peer (P2P) crypto trading platform called Civilization Kit (Civ Kit). The platform aims to provide thousands of plug-and-play P2P marketplaces worldwide. Details of Civ Kit Civ Kit will be developed on Nostr, a decentralized network
Bolivia has passed a law that allows the government to sell up to 50% of its gold reserves in dollars, as a measure to ease the internal scarcity of dollars. The law gives the government the authority to negotiate the sale of 22 tons of gold out of the almost 44 available in the local
$SPONGE token has recently experienced a surge of 1,500% in the last 48 hours, leading many investors to speculate that it could be the next $PEPE coin. As a newly launched project, $PEPE debuted in mid-April and quickly gained a market capitalization of over $1 billion, making it one of the fastest-growing projects in the