US DOJ Charges Five Hackers in $6.3M Crypto Hack, Corporate Data Breaches
US DOJ charges five for a $6.3M crypto hacking scheme that used phishing to target tech and crypto firms. If convicted, they may face up to 20 years. The U.S. Department of Justice (DOJ) has charged five individuals in connection with a crypto hacking operation that allegedly stole $6.3 million in cryptocurrency and accessed sensitive corporate data. […]
US DOJ Allegedly Opens Investigation Into Tether
The US Department of Justice has reportedly begun an investigation into USDT issuer Tether for potential AML rules violations. The U.S. Department of Justice (DOJ) has reportedly initiated an investigation into Tether, the issuer of the USDT stablecoin, for potential anti-money laundering violations. This news has caused USDT to lose its dollar peg, prompting a selloff across […]
Binance Conducts Internal Review Since CZ’s Arrest
Binance has declared that compliance is its primary concern following Changpeng Zhao’s indictment. The impact of a prospective Binance failure on the markets would be difficult to predict. With over 200 million users and $100 billion in assets on its platform, the exchange is the residence of 36% of all crypto holders worldwide. Binance Conducts […]
Nvidia Drops 10% As US DOJ Expands Antitrust Probe
The US DOJ escalates its antitrust investigation by issuing a subpoena to investigate Nvidia’s dominance in the AI computing market, resulting in a 10% decline in its stock. Today, Nvidia is one of the most underperforming securities in the US equity market, with a loss of nearly 10% of its value. The stock has experienced […]
NVIDIA Q2 Earnings Report Reaches Higher Boosting AI Coins
The AI market is experiencing a surge in demand, which may result in potential rallies in AI-related cryptos due to NVIDIA Q2 earnings. NVIDIA Q2 earnings report for the second quarter ending July 28, 2024, has been remarkable, with revenues surpassing $30 billion. The company’s leadership in the swiftly expanding AI chip market is underscored […]