BlockDAG is capturing significant attention in the cryptocurrency scene, having clinched a monumental $52.3 million in its recent presale, a testament to the strong confidence from investors. With daily earnings now touching $3 million and an expected surge to $5 million, BlockDAG’s growth trajectory is nothing short of impressive. This stellar rise, backed by a…
India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore.…
Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting…
While Avalanche (AVAX) enjoys a price increase and Fetch.ai nears a significant merger, BlockDAG has carved out the most noteworthy progress in cryptocurrency. Recently, BlockDag broadcasted its plans for a mainnet launch in mid-August from a lunar venue, introducing its superior Detailed Acyclic Graph (DAG) technology. This tech ensures speedy transactions and secure confirmations through…
With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for…
Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance…
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao…
As Toncoin surpasses Ethereum in user engagement, it marks a resilient recovery amid market fluctuations. Simultaneously, forecasts for Cardano (ADA) remain guardedly optimistic, with potential market adjustments on the horizon. Amidst this, BlockDAG distinguishes itself in the cryptocurrency future stakes, igniting excitement with a $2 million giveaway that not only captivated the community but also…
The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph…
Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees),” tweeted Nick Percoco, Chief Security Officer for Kraken, on Thursday. Kraken Gets Its Money Back Though…