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In an unprecedented move within the cryptocurrency sector, Tether has launched a state-of-the-art asset recovery tool, marking a significant advancement towards ensuring the resilience of blockchain technology and safeguarding user investments. This development comes at a time when Tether's market capitalization has impressively exceeded the $100 billion mark,
Finance
This week, the stocks of mining companies experienced a significant 27% drop, an event that unfolded despite a concurrent rally in Bitcoin prices. The downturn in the shares of major mining corporations is attributed to growing concerns over the upcoming Bitcoin halving event, prompting investors to hastily divest their holdings.
Finance
In a significant move that could potentially reshape the landscape of cryptocurrency investments in the United States, Morgan Stanley, one of the country's largest brokerage firms, is reportedly conducting due diligence to explore the possibility of launching spot Bitcoin ETF (Exchange-Traded Fund) trading on its platform. This development
Finance
In a dramatic turn of events on the evening of February 28, 2024, the Bitcoin price soared past the $63,000 mark, marking a significant milestone in the cryptocurrency market. This surge represents an approximate 9% increase in value over a 24-hour period, culminating in more than a 20% rise
Finance
On February 27, Bitcoin tested the $57,000 level, marking an impressive surge of over 10% within a single day. The crypto community has been buzzing with speculation and analysis, attempting to unravel the catalysts behind this significant price movement. Incrypted has compiled insights from various experts to shed light
Finance
In a shocking revelation, HSBC Bank is facing allegations of mortgage fraud, highlighting a sophisticated money laundering scheme that has been operating within Toronto's bustling real estate market. This scheme involves the acquisition of properties through mortgages obtained with falsified income, purportedly verified by fraudulent remote work overseas.
Finance
In a significant move for the crypto industry, venture capital firm Andreessen Horowitz (a16z) has announced a substantial $100 million investment in EigenLayer, a leading re-staking protocol. This investment marks a pivotal moment for EigenLayer, emphasizing the growing interest and confidence in the potential of blockchain technology to revolutionize various
Finance
In a surprising move that has sent shockwaves through the cryptocurrency community, AAX, a cryptocurrency exchange based in Hong Kong that recently declared bankruptcy, has initiated the transfer of substantial amounts from its wallets. This action has raised suspicions of a possible attempt at money laundering, according to a statement
World Wide
In a significant move signaling a potential shift in strategy, eBay has reportedly downsized its workforce dedicated to Web3 initiatives, including the cessation of its efforts in the NFT (Non-Fungible Token) domain. According to NFTgators, citing anonymous sources, the e-commerce giant has laid off 30% of its Web3 division'
Finance
In a startling revelation, the Australian National Anti-Corruption Commission has charged Federal Police officer William Whitley with the theft of 81.62 BTC, equivalent to $4.2 million, from a Trezor wallet. This incident, which underscores the growing concerns around digital asset security and law enforcement integrity, has sent shockwaves
Finance
In a recent analysis by Coin Metrics, experts have dissected the financial implications of executing a so-called 51% attack on the networks of Bitcoin and Ethereum, unveiling staggering costs that would run into the tens of billions of dollars. Such an attack, a nefarious scheme aimed at gaining control over
Finance
MicroStrategy Inc., a leading technology giant, has witnessed its Bitcoin reserves soar to an impressive value of $10 billion, according to a recent Bloomberg report. The company, which currently holds 190,000 BTC, has seen a significant increase in the value of its Bitcoin reserves following the recent surge in