Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
Federal prosecutors have launched an investigation into Block, the financial technology company co-founded by Twitter’s Jack Dorsey. The investigation focuses on alleged compliance lapses at its central units, Square and Cash App. Sources with direct knowledge of the matter revealed that
Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin
Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), has reported a record net profit of $4.52 billion in the first quarter of 2024, marking a significant achievement for the company. According to the report, the substantial profit was primarily
Hong Kong’s ZA Bank to Roll Out Virtual Asset Retail Services as New Regulations Approach
Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June. To establish itself as a crypto hub, Hong Kong implemented a
BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals
The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows. On May 1, BlackRock’s Bitcoin fund saw $36.9 million flow out, according to data from Farside Investors. In addition, nine other Bitcoin ETFs collectively
Bitcoin Traders Target Test of $53,000 Support as BTC Price Predictions Remains Bearish Following Fed Meeting
The Bitcoin (BTC) price is consolidating in the mid-$57,000s, down roughly 5% on the day, though up around 1.5% or $1,000 from earlier session lows as traders weigh the outlook for Fed rate cuts this year in wake of the
Coinbase Plans To Offer Stablecoin Pegged To Canadian Dollar
Crypto exchange Coinbase is planning to offer a Canadian dollar stablecoin on its platform shortly after receiving an official license to operate within Canada. In a Twitter update on Monday, the company said it had added QCAD (QCAD) to its listing
Best Crypto to Buy Today April 30 – Wormhole, Optimism, Axelar
As traders digest the implications of the latest Fed policy announcement and what it means for the outlook for Fed rate cuts later this year, traders are hunting for opportunities in the altcoin market and weighing up what might be
Argentina Lawmaker Unveils Draft Worldcoin Regulation Bill
An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation. The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a
Top Crypto Gainers Today on DEXScreener – AITAX, AMERICA, BOOE
In wake of the cryptocurrency market’s latest tumble which saw Bitcoin (BTC) drop convincingly below $60,000 for the first time since late February, traders are turning to the on-chain markets as they hunt for top crypto gainers today. Bitcoin was last
Stacks Price Prediction as STX Token Slides Under $2 – How Low Will STX Go?
As Bitcoin (BTC) corrects to its lowest levels in over two months below $60,000, its largest layer-2 scaling blockchain Stacks (STX) is also in decline, with the Stacks price hitting its lowest levels since mid-February below $2.0. The Stacks price has