Crypto News

By Francisco Rodrigues (All times ET unless indicated otherwise)The cryptocurrency market pulled back over the last 24 hours, led by declines in major coins as retail investors switched out of large-cap tokens and into smaller, more speculative assets.Both bitcoin BTC and ether ETH dropped around 2% and the CoinDesk 20 Index (CD20), a measure of the broad market, fell 2.7%."We’ve observed a significant week-on-week increase in retail participation, reinforcing the broader narrative of rising optimism," said Jake O., an over-the-counter trader at Wintermute. “The shift down the risk curve is most evident in retail screen flows.”Institutional investors, for their part, have been more conservative. They're still stocking up on bitcoin, ether and XRP, while easing off positions in solana...

Shortly after Pi Network announced the launch of a $100 million investment fund, the platform’s token, Pi, plummeted over 25% within 24 hours, dropping to $0.85. Pi Network Accused of Creating Hype to Boost Token Price On May 14, Pi Network announced the launch of a $100 million investment initiative aimed at advancing the utilitySource link

Telegram has shut down the illicit marketplace Haowang Guarantee, formerly Huione Guarantee, which has facilitated transactions totaling over $27 billion in stablecoins since 2021.Haowang was shut down based on insights provided by blockchain analytics firm Elliptic on Tuesday.The closure took place amidst a crackdown on thousands of suspected Chinese crypto-crime channels operating on Telegram, following Elliptic's report into marketplace Xinbi Guarantee.Telegram has now shut down both Huione and Xinbi, which processed a combined $35 billion of illicit transactions in stablecoins, Elliptic wrote in a web post on Wednesday."Our analysis indicates that Huione Guarantee has facilitated transactions totalling more than $27 billion since launching in 2021, making it the largest illicit online marketplace to have ever operated," Elliptic wrote.Xinbi was the...

Telegram banned thousands of accounts linked to the black market, formerly Huione Guarantee—but spin-offs are already filling the void.Source link

A transactional tax established in 2001 puts the Argentine crypto wallet ecosystem at risk, creating disadvantages compared to traditional financial institutions like banks. The industry expects President Milei to rectify this measure, but that has not happened yet. Argentine Crypto Wallet Providers in Disarray as Tax Puts Local Players in Checkmate The Argentine crypto industry,Source link