Venezuela’s state-owned oil and gas company, PDVSA, has been reportedly ramping up its use of cryptocurrency, particularly USDT, in order to navigate around US sanctions. This move comes in the wake of the United States refusing to renew a general license that temporarily lifted some sanctions on Venezuela’s oil and gas sector, leading PDVSA to
In response to reports of state actors utilizing Tether’s USDT tokens to circumvent US sanctions, Tether has made the decision to freeze any addresses linked to sanctioned entities. A spokesperson for the firm emphasized Tether’s commitment to respecting the Office of Foreign Assets Control (OFAC) SDN list and promptly freezing sanction addresses to adhere to
Dork Lord token (DORK) has recently witnessed an astronomical surge of +83,810%, catapulting its market capitalization from 168K to over 1.8M. This PEPE-style token, built on the Solana blockchain, gained significant attention on social media platforms like Crypto X (formerly Twitter), thanks to endorsements from SOL meme coin influencers and alert bots. Despite its impressive
The Blockchain Association and the Crypto Freedom Alliance of Texas are pushing back against the US Securities and Exchange Commission (SEC) through legal action. They argue that the SEC exceeded its authority by implementing a rule that redefines the concept of a “dealer” of securities. According to the groups, this move was unjust and in
In the wake of the recent Bitcoin halving event, Bitfinex has conducted a thorough analysis of the cryptocurrency market dynamics, providing insight that is reassuring to investors. Despite the current state of uncertainty in the United States economy, Bitfinex’s Alpha report, released on April 22, highlights positive signs for Bitcoin. One key observation is the
Meta is taking a bold step in expanding its Meta Quest ecosystem by allowing third-party manufacturers like Xbox and Lenovo to utilize the Meta Horizon OS, the operating system that powers Meta Quest devices. This move is set to revolutionize the metaverse and make mixed-reality technologies more accessible to a wider audience. The recent blog
Ethereum (ETH), the second-largest cryptocurrency by market cap, has been capturing the attention of investors due to recent whale activity. In particular, Tron founder Justin Sun’s suspected accumulation of a significant amount of ETH has sparked speculation about the future market recovery for the digital asset. Recent reports have indicated that a mysterious wallet, suspected
The Machines Arena, set to launch its open beta version on April 23rd, is a game that is sure to revolutionize the world of MOBAs. With its unique approach to team-oriented gameplay, this top-down MOBA game is expected to be a hit among gamers of all skill levels. Unlike traditional MOBAs, The Machines Arena emphasizes
The Ethereum Open Interest has been showing signs of trading at lower levels recently, indicating potential implications for the asset’s price. The Open Interest metric refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it signifies that investors are opening new positions on these platforms, leading
Following a series of controversies, two SEC lawyers, Michael Welsh and Joseph Watkins, have decided to resign from their positions as lead attorneys in the legal case against crypto firm DEBT Box. The decision to resign came after the regulator made it clear that they would be terminated if they did not step down from
Recently, reports have emerged regarding a new Ethereum (ETH) whale that has been making significant purchases in the cryptocurrency market. This whale, who has spent over $405 million on ETH since March 31, is suspected to be Tron founder Justin Sun. The blockchain research platform Lookonchain has uncovered the activity of this mysterious whale, shedding
The recent price crash in the Cardano market sent shockwaves through the crypto community. However, as the market begins to recover, analysts are starting to see positive signs for ADA’s future. One particular crypto analyst, known as CobraVanguard, is predicting a bullish continuation towards $1 for Cardano. The crypto market crash, triggered by Bitcoin, led
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has proposed the establishment of independent self-regulatory organizations (SRO) specifically dedicated to overseeing the sector. This initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
The recent volatility in the cryptocurrency market has not spared Ethereum (ETH), the second largest crypto token by market cap. Despite the fluctuations in prices, data from Coinglass reveals that the majority of Ethereum investors and traders maintain a bullish outlook on the crypto token. This is evident in the continuous opening of long positions