The US Department of Justice (DOJ) took into custody and accused the creators of Samourai wallet of money laundering. They claim that these individuals were running a cryptocurrency tumbler as a service. On Wednesday, the founders of Samourai Wallet, specifically its CEO, Keonne Rodriguez, and CTO, William Lonergan Hill, were taken into police custody. DOJ … Read more
A new proposal in the US Senate aims to redefine the stablecoin market by possibly allowing American banks to create and manage stablecoins that are pegged to the US dollar. The Payment Stablecoin Bill, presented on the 17th of April, has piqued the interest of financial organizations and observers in the financial sector. S&P Global … Read more
The BlackRock iShares Bitcoin Trust (IBIT) experienced no new investments, marking its initial day without inflows since the introduction of Bitcoin ETFs in the US market back in January. Beginning January 11th, IBIT has consistently attracted large sums of money as investments each day, amounting to around $15.5 billion in total over the past 71 … Read more
In the first quarter, the NFT lending sector reached an all-time high of $2.13 billion, marking a 43.6% surge compared to the previous quarter. Notably, the volume for five out of the six leading NFT lending platforms grew. In Q1 2023, the market for lending non-fungible tokens (NFTs) experienced its top players strengthening their hold, … Read more
The United States Senate representing Arkansas has approved two new laws to oversee cryptocurrency mining operations within the state. With these two bills, regulations around crypto mining will be tightened in the Arkansas state. The bills, after being approved in the Arkansas senate, will now head towards the house. On Wednesday, Senate Bills 79 and … Read more