Market
Scams
New Zealand Police investigate allegedly fraudulent crypto platform Quwiex
Police investigation into Quwiex revealed that the platform had registered in New Zealand in September 2021, but it appears that all of the information used for its registrations were false.
Stablecoins
Tether remains unshaken despite $10 billion withdrawals in 2 weeks
CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.
NFTs
Hacash.Diamonds partners with Neo to mint, promote Proof-of-Work NFTs
HACD is a first of its kind PoW NFT with the goal of becoming a store of value that will exceed Bitcoin.
Stablecoins
Stablegains in hot water after losing more than $40M due to Terra’s collapse
Stablegains allegedly invested investor funds in Anchor Protocol without informing them and lost roughly $42 million when Terra LUNA collapsed along with its UST stablecoin.
Memecoins
Report: Finder’s Panel sees the end of Shiba Inu by 2030
Finders.com conducted a survey asking 36 fintech experts about Shiba Inu and found that 73% of the panelists believe now is the best time to sell the meme coin.
Analysis
Memes in red as Dogecoin and Shiba Inu shed over 80% of their ATH
The crypto market has lost over $700 million as values of digital assets plummet.
Taxes
Report: Crypto traders potentially owe IRS around $50B in unpaid taxes
IRS is interested in crypto as it has added questions about cryptocurrency and digital assets to its US Individual Income Tax Return form (Form 1040).
Adoption
Panama President demands strict anti-money laundering measures in new crypto law
Panama has been listed as a country with "strategic deficiencies" in dealing with money laundering.
Adoption
Russian minister says crypto to become means of payment ‘soon’
Russian government agencies are yet to agree on whether crypto should be regulated or banned.
Mining
Growth in US Bitcoin mining does not reflect in stocks performance
The price performance of most Bitcoin mining firms in the US in recent weeks has left a lot to be desired largely due to the overall market sentiment.
Crime
US Federal agencies warn businesses against mistakenly hiring North Korean hackers
North Korean entities have dispatched thousands of skilled IT workers worldwide to get employment and generate funds for its missile program.
Legal
Terra faces litigation from South Korean investors over failed UST investment
The law firm is applying to the Seoul Metropolitan Police Agency to seize all Do Kwon's properties in the country.