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Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million

Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize .4 MillionOn May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million in cash and cryptocurrencies. This joint venture, named “Operation Spector,” successfully dismantled the darknet marketplace […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in MarchAccording to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows

Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold ShowsTicketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows in Los Angeles and New York […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing SupplyAccording to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council ReportCentral banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block Times

Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block TimesAfter a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128. Next Bitcoin Difficulty Change […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused ProjectsOn Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

London Crowned World’s Leading Cryptocurrency Hub, According to Study

London Crowned World’s Leading Cryptocurrency Hub, According to StudyAccording to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

Stablecoin Economy Sheds Another $3 Billion in 44 Days

Stablecoin Economy Sheds Another  Billion in 44 DaysThe stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more