Category: Latest News in cryptocurrency world

In recent times, the tumultuous rollercoaster that is Bitcoin’s price trajectory has taken another dizzying plunge, as it has tumbled below the psychologically significant threshold of $60,000. This unsettling descent has set off alarm bells among investors and enthusiasts alike, igniting fervent speculation about the potential bottom of this downward spiral. Enter the seasoned analysts…

On April 30, the United States Department of Justice made a significant announcement, revealing charges of tax fraud totaling $50 million against Roger Ver, a prominent figure in the early Bitcoin community often referred to as ‘Bitcoin Jesus.’ Roger Ver, renowned for his advocacy of Bitcoin and the creator of Bitcoin Cash, has played a…

Vice President Garba Umar, representing the Nigerian Central Bureau (NCB) of the International Criminal Police Organization (INTERPOL) for Africa, provided confirmation on Tuesday regarding the completion of extradition documentation for Nadeem Anjarwalla, a Binance executive who absconded from Nigeria. Appearing on the Nigerian television program Sunrise Daily, INTERPOL Africa’s Vice President, Garba Umar, affirmed that…

A smart contract vulnerability within the decentralized finance (DeFi) lending protocol Pike Finance has resulted in the theft of $1.6 million worth of cryptocurrency over a span of three days. On April 30, Pike Finance fell victim to an exploit totaling $1.68 million across multiple blockchain networks, including Ethereum, Arbitrum, and Optimism. The incident was…

On May 1st, Securitize, a prominent player in the realm of real-world asset (RWA) tokenization, unveiled a significant milestone: the completion of a lucrative $47 million funding round. Spearheaded by BlackRock, renowned as the world’s largest asset manager, this investment marks a pivotal moment in the trajectory of RWA tokenization, showcasing the burgeoning interest and…

Despite efforts by Representatives Maxine Waters and Patrick McHenry, proposed stablecoin legislation is unlikely to be added to the Federal Aviation Administration’s (FAA) reauthorization bill, a Democratic aide on Capitol Hill disclosed on Tuesday. The FAA reauthorization bill, considered a “must-pass” piece of legislation, is primarily focused on funding and regulating the nation’s air transportation…

SUMMARY INTERPOL has finalized extradition paperwork for Nadeem Anjarwalla, a Binance executive accused of money laundering and tax evasion in Nigeria. Anjarwalla fled Nigeria and was last seen in Kenya. Tigran Gambaryan, another colleague facing similar charges, has pleaded not guilty and is currently in custody in Nigeria, awaiting a bail hearing. Following allegations of…

The Directorate of Enforcement (ED) in India has made a significant breakthrough in a major crypto money laundering case involving an online gaming application. This enforcement agency has seized frozen cryptocurrency assets valued at ₹90 crore (equivalent to $10 million) in connection with this elaborate scam. According to a press release issued by the department…

After basking in the glow of a powerful bullish surge that lasted for several consecutive months, the Solana token found itself facing a stark reversal of fortune as April drew to a close. The cryptocurrency market beheld with astonishment as Solana, once a shining star in the digital asset realm, experienced a precipitous decline in…