NFT Prices Soar as Donald Trump’s Mugshot Goes Viral: Crypto Community Reacts
The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...
Central Bank of Kazakhstan Explores Digital Tenge Implementation for National Payments
In January, the regulator said the CBDC pilot will start by the end of 2023. The agency is still assessing the benefits and risks of introducing such a means of mutual settlements. The Central Bank of Kazakhstan made a presentation on the project of implementing ...
Belarusian Citizens Prosecuted for Operating Illegal Cryptocurrency Exchange
Belarusian citizens who organized a cryptocurrency exchange are prosecuted. Law enforcers accused two Minsk residents of exchanging digital assets and fiat currency, which brought a profit of 5 million Belarusian rubles ($1.7 million). Belarusian Interior Ministry assure ...
Metal Blockchain Partners with FedNow to Enable Conversion of Dollars into Stablecoins
It's the U.S. Federal Reserve's first blockchain partner It lets you convert dollars into Stablecoins But the network will get some limitations The Metal Blockchain team announced a partnership with FedNow, the Fed's instant payment service. This i ...
Validus Power Executive Believes in Investing in Real Estate, Bitcoin, and Gold to Insure Against Banking Crisis
Executive director of Validus Power Corp believes investing in real estate, bitcoin and gold can insure investors against losses related to the banking crisis. Greg Foss, in an interview with Kitco News reacted to a recent statement by U.S. Federal Reserve (Fed) Chairman Je ...
US Treasury Penalizes Three Crypto Traders for Assisting North Korean Hackers
The Office of Foreign Assets Control (OFAC), a branch of the US Department of the Treasury, has taken action against three crypto traders for their alleged involvement in assisting North Korean hacker group, Lazarus, to convert crypto assets. Wu Huihui, an over-the-counter (OTC) trader, was accus ...
Trust Wallet Adds New Feature to Convert Crypto Assets to Fiat Currency
The Trust Wallet team has just unveiled an exciting new feature for its cryptocurrency wallet application. Users can now directly convert their digital assets into fiat currency using the app. This new functionality has been made possible through the partnership between Trust Wallet and two cr ...
Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet
Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...
Tether CTO Reveals $1.6B Excess Reserves to Back USDT Stablecoin
During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...
Men Sentenced to Prison for Cryptocurrency Theft in Omsk
A local court in Omsk has handed down strict sentences to three individuals who robbed a resident and forced him to transfer over 84 million rubles in cryptocurrency to their wallets. According to the Omsk prosecutor's office, the perpetrators arrived in the city and monitored their victim's move ...