According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation. Tether minted $1 billion in Tether-US dollar (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence. The analytics platform highlighted the November 14 transaction from...Continue Reading

Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov. Larry Harmon, who was arrested in 2020 for helping criminals launder money through the Helix cryptocurrency mixer, has been sentenced to three years in prison. The sentence was a show of leniency due to his assistance in the...Continue Reading

This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway. MicroStrategy is ramping up its Bitcoin (BTC) reserve strategy. On Nov. 11, the company disclosed another large purchase of the cryptocurrency, adding 27,200 BTC to its treasury for about $2.03 billion in cash.  According...Continue Reading

Now the protocol is working on a value accrual mechanism for ENA stakers.  The Ethena Foundation signed off on Wintermute’s proposal to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum. On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue...Continue Reading

Blockaid scanned over 180 million transactions of Backpack’s users between June and September, detecting more than 71,000 malicious activities on the Solana network.  Backpack Wallet has identified malicious actors targeting more than 5% of its users engaging with the Solana network. Over 71,000 malicious transactions were detected between June and September 2024, avoiding $26.6 million...Continue Reading

The ‘DOGE’ department proposed by Elon Musk could allow the Tesla CEO to divest many of his assets and defer paying taxes. Tesla CEO and the world’s richest man, Elon Musk, could get a deferment on potentially billions of dollars worth of federal taxes if he begins working for the United States government under President-elect...Continue Reading

The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times. The odds of a Solana (SOL) exchange-traded fund (ETF) listing in the United States before the end of 2025 are “overwhelmingly high,” Matthew Sigel, VanEck’s head of digital asset research, said...Continue Reading

XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration. XRP jumped 17% over the last 24 hours, outperforming the rest of the crypto market as the rally cooled off.  Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.6833 on Nov....Continue Reading

Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month. Market analysts expect Bitcoin’s price to breach the $100,000 mark before the end of November after the world’s first cryptocurrency surpassed a $90,000 record high during the best historical month for Bitcoin’s price action....Continue Reading

Bitcoin is witnessing a shallow pullback, but bulls still anticipate a rally toward $100,000 in the short-term. Bitcoin (BTC) bulls took a small break on Nov. 14 but resumed their purchases on Nov. 15, pushing the price near $89,500. MicroStrategy founder and Bitcoin bull Michael Saylor told CNBC that Bitcoin is unlikely to plunge to...Continue Reading