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Tether Throws Hat in Ring with $100 Million Bitdeer Investment

Tether Holdings, the stablecoin issuer, has acquired a substantial stake in Bitdeer Technologies Group, a US-listed Bitcoin mining company owned by Chinese billionaire Jihan Wu. This acquisition involves a US$100 million investment, with an option to purchase an additional US$50 million in shares within the upcoming year.Investment Facilitates Expansion...

Fri May 31, 2024 19:00
Austrian, Cypriot, Czech Authorities Expose Crypto Scam, Six Arrested and €750k Recovered

The law enforcement agencies from Austria, Cyprus, and Czechia uncovered a cryptocurrency scam that defrauded investors out of millions early this month. This international collaboration, supported by Europol and Eurojust, led to the arrest of six Austrian suspects and the seizure of substantial crypto assets worth over EUR 500,000 and EUR 250,000...

Fri May 31, 2024 18:00
$18 Billion in Crypto Moves to New Risky Re-Staking Platforms

More than $18 billion worth of cryptocurrency has shifted to a new platform type offering rewards for locking up tokens, a scheme that analysts warn poses significant risks for users and the broader crypto market.The increasing popularity of "re-staking" highlights the rising risk appetite in crypto markets as prices surge and traders chase higher...

Fri May 31, 2024 12:00
Dogecoin's Famed Mascot Kabosu Dies at 18

Kabosu, the Japanese Shiba Inu who became the face of the popular cryptocurrency Dogecoin, passed away at the age of 18 years. Her owner, Atsuko Sato, announced the news in a heartfelt blog post last Friday.From Meme to MainstreamKabosu became an internet icon as the face of Dogecoin, a cryptocurrency that started as a joke but grew into a major...

Thu May 30, 2024 21:58
Do Kwon and Terraform Labs Reach Settlement with SEC in Civil Fraud Case: Report

Terraform Labs and its Founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following allegations of fraud surrounding the collapse of the stablecoin TerraUSD, Reuters reported. The agreement, disclosed on a court website, arrived after a jury found Kwon and Terraform Labs liable for civil fraud charges...

Thu May 30, 2024 20:57
Robinhood Unveils Crypto Trading API to Enhance Market Accessibility

Robinhood has introduced Crypto Trading API, a service that enables users to craft their trading programs and use algorithms to execute trades. This offering aims to streamline trading processes and allow users to diversify their strategies, catering to seasoned and new traders exploring the market.Round-the-Clock AccessibilityRobinhood's API enables...

Thu May 30, 2024 18:56

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