Crypto hackers buy Ethereum dip using stolen funds
Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount.
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Nippon Express Developing Blockchain Transport Network
A Japanese logistics company is planning to incorporate a blockchain network into a new transportation system to be developed next year.According to an article from the Nikkei newspaper, Nippon Express plans to invest up to 100 billion yen — approximately one billion USD — into a blockchain-based transportation network for pharmaceuticals. The Tokyo-based company intends…

Bitcoin trader keeps $40.8K BTC price target amid warning over risk asset ‘pain trade’
Bitcoin (BTC) consolidated below $40,000 on May 5 after United States economic policy excitement saw a spike to one-week highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed sparks little crypto reactionData from Cointelegraph Markets Pro and TradingView confirmed an overnight peak of $40,050 on Bitstamp following comments from the Federal Reserve and Chair Jerome Powell.The U.S. central…

Report: Japanese Blockchain Sector Grows Over 30% Since 2019
The number of crypto and blockchain-related companies in Japan increased by more than 30% this year, data from Monex Group's Monex Crypto Bank shows. 1762 Total views 23 Total shares The number of cryptocurrency and blockchain-related companies in Japan increased by more than 30% this year. Monex Group's Monex Crypto Bank told Cointelegraph Japan on June…

Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.The latest Macro Markets show begins by exploring why the crypto market capitalization is some 60%…

World’s 5th Largest Bank Aims to Debut Blockchain Payment Network in 2020
Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12.The world’s fifth-largest bank is working on the project in partnership with United States content delivery network Akamai, with the aim to launch in H1 2020.Dubbed the “Global Open Network,”…

Japan plans to tighten crypto exchange regulation to enforce sanctions
The proposed amendment is being carried out to prevent sanctioned countries from taking evasive actions using digital assets. 164 Total views 30 Total shares Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed…

Rise of MicroStrategy clones, Asia dominates crypto adoption: Asia Express 2024 review
Will the real “MicroStrategy of Asia” please step forward? Almost half of top 20 countries for crypto adoption are in Asia: Asia Express 2024

USDT records new all-time high against Russian ruble as inflation hits
As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Feb. 28, from 9.5% to 20% 702 Total views 20 Total shares U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative…