Tether, the entity behind the widely used stablecoin USDT, has made a significant announcement regarding its stance on freezing addresses connected to sanctioned entities. This decision follows allegations suggesting that Venezuela’s state-owned oil company, PDVSA, has been utilizing Tether to circumvent sanctions imposed on its exports of crude oil and fuel. In response to these…

Jack Dorsey’s payment firm, Block, has transitioned its focus from chip design to the development of a comprehensive Bitcoin mining system. In a recent blog post, Block unveiled its achievement of designing a standalone three-nanometer (3nm) Bitcoin mining chip. Furthermore, the company revealed its collaboration with a leading global semiconductor foundry to finalize the chip’s…

Hong Kong is on the brink of introducing its eagerly awaited spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April. As reported by Bloomberg, the Bosera-HashKey Capital spot ETFs are set to debut on April 30th, marking a significant milestone in the region’s embrace of digital assets. The approval granted by the…

Worldcoin executives have recently convened with high-ranking Malaysian officials, marking a pivotal moment in the context of mounting privacy concerns and regulatory complexities. The meeting, as reported through a social media update by the Malaysia Digital Economy Corporation (MDEC), shed light on various facets of collaboration and addressed pertinent issues surrounding privacy and data protection….

Indonesian President Joko Widodo has expressed apprehensions regarding the potential exploitation of cryptocurrencies for money laundering activities. Addressing attendees at the 22nd Anniversary of the National Movement for Anti-Money Laundering and Terrorism Financing Prevention, President Widodo drew attention to the concerning prevalence of illicit financial flows. In his remarks, President Widodo emphasized the need for…

Piero Cipollone, a member of the executive board of the European Central Bank (ECB), has voiced concerns over Apple’s current payment system, suggesting that it may not be compatible with a potential digital euro. In a letter addressed to EU antitrust chief Margrethe Vestager dated April 19th, Cipollone highlighted the need for changes in how…

Arthur Hayes, a prominent figure in the cryptocurrency realm, has recently shared his perspectives on the broader macroeconomic landscape, offering insights that suggest a potential strengthening trend capable of further driving the ascent of Bitcoin. In a recent blog post, Hayes drew attention to the looming specter of a sovereign debt bubble, a significant concern…

US prosecutors have recently filed a request for a three-year prison sentence for Changpeng Zhao, the founder of Binance, according to a court filing made on Tuesday. This development comes as Zhao is set to face sentencing on April 30th in Seattle, following his guilty plea in November for violating US anti-money laundering regulations. Despite…

Only1 has recently secured a substantial investment of $5 million with the aim of developing a Web3 platform akin to OnlyFans, but built on the Solana blockchain. The investment is spearheaded by Newman Group, reflecting growing interest and confidence in the potential of decentralized adult content platforms. This strategic move by Only1 is motivated by…

The recent apprehension of Nadeem Anjarwalla, a Binance executive facing charges in Nigeria, marks a significant development in a high-profile legal saga that has captivated international attention. Anjarwalla’s journey from escapee to fugitive has come full circle with his recent arrest in Kenya, underscoring the complexities and challenges inherent in extraditing individuals accused of transnational…