The Business & Technology Network
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Feed Items

Kraken is considering withdrawing support for USDT, the largest stablecoin, in the EU if it fails to comply with the upcoming MiCA rules. The exchange aims to align with the regulations governing cryptoasset markets, set to take effect this year. Since last year, the European Banking Authority (EBA) has urged stablecoin issuers to follow “guiding principles” to operate in Europe. However, the...
Lookonchain, an on-chain analytics platform, reported that a crypto whale created a new wallet on May 16 and withdrew 1,870.68 ETH from the crypto exchange Gemini. Subsequently, the crypto whale used 1,870 ETH to acquire the 6 million ONDO tokens. This transaction has caught the crypto community’s attention. Coincidentally, ONDO, the native token of Ondo Finance, witnessed a notable price...
In this comprehensive analysis, we delve into Polkadot’s recent price surge, driven by both technical and on-chain indicators Penetrating the daily Ichimoku cloud could indicate continued price appreciation towards $8. Polkadot Technical Outlook: Understanding the Surge Polkadot (DOT) has broken above the 4-hour Ichimoku cloud. Returning to the cloud in the 4-hour timeframe could signal...
The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li and Yicheng Zhang, for orchestrating a massive crypto scam known as “pig butchering.” This scheme led to the laundering of at least $73 million. The arrests highlight that pig butchering scams remain a significant concern in the crypto industry. The Duo Ran an International Scam Syndicate According to the DOJ...
Avalanche’s (AVAX) price is expected to remain consolidated owing to the lack of substantial growth expected from the altcoin. AVAX holders also exhibit a selling sentiment since short-term investors dominate the supply. Avalanche Investors Look to Sell Avalanche’s price could soon observe the impact of investors’ behavior; the supply is dominated by short-term holders known to hold...
Arbitrum DAO has entered on a pioneering mergers and acquisitions (M...
Turkey has introduced a new legislative proposal to supervise crypto asset service providers and their activities. The bill, presented to parliament by President Tayyip Erdogan’s party, focuses on licensing and registration obligations for crypto asset service providers. The proposed law mandates that cryptocurrency trading platforms and related companies obtain licenses from Turkey’s Capital...
Pink Drainer, the notorious crypto-wallet draining kit, has officially retired after amassing over $85 million in stolen assets.  The announcement, made on Telegram, marked the end of a significant era in crypto theft.  Pink Drainer Retires After $85 Million Theft Milestone ZachXBT, a well-known crypto investigator, shared the final announcement from Pink Drainer’s Telegram channel,...
The Hong Kong Monetary Authority (HKMA) announced the acceptance of China’s digital yuan, the e-CNY, for retail transactions within Hong Kong. This initiative, backed by the Central Bank of China, marks a crucial step in integrating digital currency into everyday commerce. Residents of Hong Kong and mainland China can now use the digital yuan for purchases at physical retail stores and select...
An exclusive blockchain meetup taking place in May in vibrant Lombardy, in a stunning 5-star hotel. A unique opportunity to meet and network with blockchain experts, founders and enthusiasts from all over the world. They continue their tradition of networking events and parties, where attendees can connect with like-minded individuals and form valuable relationships. This three-day event...