Blockchain analytics firm Chainalysis reports that suppliers of gray-market peptide drugs are shifting to Bitcoin and stablecoins as their preferred payment methods. This shift is driven by difficulties these vendors face with traditional banking and payment processors, which often reject accounts linked to unregulated pharmaceutical sales. Bitcoin offers a decentralized payment option without banking intermediaries, while stablecoins provide price stability by pegging to the US dollar. Although crypto payments create a permanent, traceable record on public blockchains, this trend poses new challenges for compliance teams and law enforcement tracking semi-legal transactions. The report highlights ongoing regulatory and reputational issues for the crypto industry as certain gray-market sectors increasingly adopt digital assets.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
