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Dogecoin fan Elon Musk is in regular contact with Russian President Vladimir Putin, who continues to campaign for Donald Trump, The Wall Street Journal reported on Friday. Musk responded to the report, but is not an apologist as he has been in the crosshairs of the US and Russia. Meanwhile, Musk donated another $44 million to his political action committee America, bringing total donations to more than $118 million. Dogecoin fan Elon Musk reacts to relationship with President Putin Tesla CEO Elon Musk is in regular communication with Russian President Vladimir Putin. The WSJ reported on Oct. 25 that the…
advertisement Hackers appear to have stolen about $20 million worth of stablecoins and Ethereum from wallets owned by the U.S. government. The funds were tied to the Bitfinex hack in 2016 and had not been moved for more than eight months, according to analysis firm Arkham Intelligence. US government wallet compromised On Thursday, tokens tied to U.S. authorities were removed from decentralized lending platform Aave and moved to a five-day-old wallet address that Arcam analysts described as a possible theft. A prominent on-chain detective revealed that $1.25 million worth of Tether’s USDT stablecoin and $5.5 million worth of Circle’s USD…
Ethereum is teetering on the brink of a potential short squeeze showdown as leverage levels skyrocket and many traders bet on the price falling. The increase in the estimated leverage ratio indicates a surge in high-stakes short positions, suggesting that many are expecting the $ETH price to decline. However, if Ethereum can break through the key $2.7,000 resistance level, it could trigger a wave of short covering and send the price skyrocketing.Despite this possibility, market sentiment remains bearish. The Ethereum Foundation recently sold $100 ETH for $252,491 DAI just 10 minutes ago, continuing the trend of gradual selling.In 2024 alone,…
Microsoft’s shareholder meeting, scheduled for December 10th, is shaping up to be a closely watched event. The tech giant’s board of directors (BOD) and shareholders are facing a Bitcoin investment proposal for the company. According to a Securities and Exchange Commission (SEC) filing released late Thursday, “Evaluating Bitcoin Investments” is being proposed as a formal ballot item. This has raised expectations in both the technology world and the financial world, including cryptocurrencies. Why Microsoft is starting to invest in Bitcoin The proposal has been filed with the US SEC and has already encountered resistance from Microsoft’s board of directors. The…
Yesterday, the launch of a grant program aimed at increasing adoption of Paypal’s stablecoin PYUSD was announced. The program was launched by Fireblocks and Paxos and includes grants of up to $60,000 and wallet fee refunds. Fireblocks offers $1 million grant to promote $PYUSD Adopted! Build with 💥 @paypal Earn grants of up to $60,000 in USD and receive rebates on wallet fees. Whether it’s shaping the future of payments or creating real-world use cases, this is your chance to drive innovation. Learn more→… pic.twitter.com/TfKySQO3lE— Fireblocks (@FireblocksHQ) October 24, 2024 Fireblocks integrates PayPal’s stablecoin PYUSD Fireblocks integrated PayPal’s stablecoin last…
Tether, the world’s largest stablecoin issuer, is reportedly in talks with the Turkish government to create a digital token backed by borate minerals. A recent report revealed that Tether has proposed the use of blockchain technology in this endeavor, along with the establishment of a digital asset exchange in Istanbul. Turkish officials have acknowledged that the proposal is not ready for immediate action, but discussions continue. Turkey holds more than 70% of the world’s boron supply, mainly used in ceramics and fertilizers, with boron sales estimated at $1.3 billion in 2024. Tether’s move is in line with the crypto industry’s…
The Netherlands is seeking public input on proposed regulations to monitor cryptocurrency ownership in order to bring its tax laws in line with European Union standards. According to an October 24 announcement from the Dutch Ministry of Finance, the bill would require crypto service providers, including exchanges, to collect, verify, and share user data with the Dutch Tax Administration. The obligation is scheduled to come into force on January 1, 2026, and is part of a broader EU effort to prevent tax evasion and improve transparency around the ownership of digital assets. The Ministry of Finance called on cryptocurrency service…
Analyst Kevin Svenson is bullish on Bitcoin (BTC) as the leading cryptocurrency remains below $70,000. In a new video, Svensson told his 80,100 YouTube subscribers that Bitcoin is about to reach an all-time high. According to the analyst, a combination of factors could cause Bitcoin to reach new highs “until the end of the year, possibly within a month.” “…heading into the election, we’re almost always going to be bullish about the U.S. presidential election…. …Every time we have a new all-time high (for Bitcoin), it’s either after the US or during the US election and inauguration season. every time.…
The U.S. federal government is investigating stablecoin issuer Tether, the Wall Street Journal reported in an “exclusive” article dated October 25, citing “people familiar with the matter.” Tether CEO Paolo Ardoino called the story “old noise” but it shocked the crypto market.Are the Department of Justice and Treasury considering Tether?According to the newspaper, the U.S. Attorney’s Office for the Southern District of New York, or the Department of Justice, is conducting a criminal investigation into the use of Tether (USDT) by third parties to fund illegal activities or launder money for illegal activities. It is said that it is. those…
Investing.com — The creation of a digital version, or tokenization of real-world assets on a blockchain, has become a cutting-edge technology demonstrating use cases for cryptocurrencies. And while tokenized government bonds are currently enjoying a moment in the spotlight as a yielding alternative to stablecoins, these emerging digital assets have a significant chance of achieving the widespread adoption needed to dethrone stablecoins. facing hurdles. The market capitalization of tokenized government bonds (digital versions of government bonds created on the blockchain) has reached nearly $2.5 billion, up from about $800 million since the start of the year, according to data from…