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USDT Reaches $1 Billion Authorized Issuance on TON
17.9.2024
Tether’s USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However, TON clarified that only $720.6 million was...
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
16.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency...
AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation
14.9.2024
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated...
FBI Warns of Growing $55 Billion Business Email Scam
13.9.2024
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong...
Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings
12.9.2024
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo...
ParaFi Capital to tokenize $1.2B fund on Securitize
12.9.2024
ParaFi Capital will tokenize part of its $1.2 billion portfolio using the Avalanche blockchain and tokenization platform Securitize
Bitcoin Slumps As Crypto ETFs See $1 Billion Weekly Outflows
12.9.2024
News headlines carry the “Bitcoin (BTC) slumps to $56,000 again” as 1 billion ETF outflow was recorded over…
OpenAI fundraising could push valuation to $150B
11.9.2024
As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.
Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions
10.9.2024
Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian...
FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams
10.9.2024
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital...
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
Hybrid crypto exchange GRVT receives $3.3 billion monthly volume commitment
9.9.2024
The significant contractual volume commitment from the 16 market makers comes shortly ahead of GRVT's mainnet launch in the fourth quarter of 2024
Bitcoin ETFs record combined $1.2B in outflows in 8 days
9.9.2024
Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs
Istanbul Police Arrest Omegapro Managers Over $4 Billion Crypto Fraud Scheme
8.9.2024
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018...
Ex-OpenAI chief scientist raises $1B for startup with only 10 employees
4.9.2024
Safe Superintelligence reportedly raised the funds at a valuation of $5 billion
Ex-OpenAI chief scientist raises $1B for startup with only 10 employees
4.9.2024
Safe Superintelligence reportedly raised the funds at a valuation of $5 billion
TON Blockchain Reaches 1 Billion Transactions
3.9.2024
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from...
$2 Billion Milestone Reached in Tokenized Treasury Bonds
31.8.2024
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value....
Crypto hacks surpass $1.2B in 2024, Celsius repays $2.5B: Finance Redefined
30.8.2024
Crypto hacks may surpass 2023’s record, with $1.2 billion already stolen, and Celsius is finally beginning to repay its creditors