Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Huione Guarantee, suspected as the world’s largest darknet marketplace, has shut down, citing a Telegram account purge that decimated its network. CFTC commissioner Summer Mersinger is set to become the next CEO of the crypto advocacy group Blockchain Association, and banking giant UBS reports that high-net-worth clients in Asia are shifting away from US dollar assets in favor of gold, crypto, and Chinese markets.
A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime says it is ceasing operations after being targeted in a ban wave by the Telegram messaging service, upon which it operated.
The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee, saw Telegram’s ban thousands of its associated accounts on May 13.
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