Holpop News

Tether CEO Paolo Ardoino said the company plans to expand its business and will show more than just USDT in the next quarter.

He said Tether will become an infrastructure provider for the crypto industry and will also start building hydroelectric facilities in Uruguay and geothermal plants in El Salvador.

KyberSwap to provide financial assistance to users affected by the $48.8 million platform hack

The money will be allocated from the project’s coffers.

Details of the reimbursement will be made public within two weeks.

According to Bloomberg, Binance has warned its top market makers and VIP customers of a potential $4.3 billion fine to settle a case with U.S. authorities.
The announcement was made at a gala dinner in Singapore several months ago.

Binance CEO Changpeng Zhao did not attend the event, with Richard Teng in his place.

Brazilian authorities have passed a new income tax bill on investments in crypto-assets.

The document is now awaiting the president’s signature.

According to the document, citizens of the country will be subject to a 15% tax on profits between $1200 and $10000.

If the profit exceeds this threshold, the tax will be 22.5%.

KuCoin Ventures (the venture capital arm of the KuCoin exchange) has announced a partnership with TON Foundation.
As part of the partnership, KuCoin Ventures will provide a grant to support the growth and expansion of the TON ecosystem.

The money will be allocated to five TON-based mini-applications from the payments or GameFi field.

According to Bloomberg sources, the fund Tiger Global Management has written off 69% of its investment in Bored Ape Yacht Club and 94% in OpenSea.

Earlier, the company recorded losses on its investment in FTX.

Circle’s Chief Strategy Officer and Head of Global Policy Dante Disparte wrote a formal letter to Senators Sherrod Brown and Elizabeth Warren announcing that the company is no longer working with Justin Sahn, TRON Foundation and Huobi Global.

Dante said Circle stopped serving San with his subsidiaries in February 2023.

Earlier, Campaign for Accountability, a nonprofit ethics group, wrote a letter accusing Circle of collaborating with San.

The group also said Circle serves San’s projects that are used for money laundering and terrorist financing.

The hacker KyberSwap has demanded that full control of the project be handed over to him.

He demanded that the company hand over all the assets and documents of the exchange.

The exchange was previously hacked for $47 million.

MicroStrategy purchased an additional 16130 BTC for $593.3 million
The average price was $36785.
Today, the company’s holdings are valued at 174530 BTC worth $5.28 billion.

The US Office of Foreign Assets Control (OFAC) has placed cryptomixer Sinbad on its sanctions list.

Authorities said North Korean hackers from Lazarus Group used the service to launder stolen funds.