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Report Highlights USDT’s Role in the Underground Economy of Cambodia


A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...

Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius


Source: Pixabay Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm...

Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting


Source: Pexels Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election.  According to a report from Taiwan-based media outlet BlockTempo, the country’s...

HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month


Source: YouTube / CNBC Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits....

Reebok’s Blockchain-Powered Gaming Experience Set to Transform Fashion


Source: Futureverse, Reebok AI and metaverse technologies firm Futureverse and American sports culture brand Reebok have joined hands to create AI, Web3, blockchain-based gaming, and metaverse experiences. While the two are expected to make digital versions of Reebok wearables linked...

Elon Musk’s Verbal Outburst Sparks Surge in ‘GFY’ Meme Coins


Source: a video screenshot, Future Unity / YouTube There has been a surge in meme coins linked to Elon Musk following the billionaire’s verbal outburst at X (formerly Twitter) advertisers.  Meme coins have become a breeding ground for eccentric tokens inspired by various personalities...

Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident


The crypto community was initially baffled by the massive fee of 83.65 BTC, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the unnamed individual...

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