Prosecutors have requested a South Korean court docket to ship the actress and former singer Hwang Jung-eum to jail for 3 years for embezzling company funds to spend on crypto. Hwang has admitted to utilizing 4.3 billion gained ($3.1 million) value of funds belonging to her leisure company to purchase cryptoassets in 2022. Hwang Jung-eum:…
North Wales Police are investigating a complicated phishing rip-off the place criminals posing as senior UK legislation enforcement officers stole £2.1 million ($2.8 million) in Bitcoin from a chilly storage holder by way of an elaborate social engineering scheme. The sufferer was contacted by a scammer claiming to have arrested a person whose cellphone contained…
The Trump family-backed stablecoin project, World Liberty Financial (WLFI), has hit a new milestone after minting $205 million worth of USD1 for its treasury on Thursday, lifting the token’s total supply to $2.4 billion. The sharp increase, its first since April, came just hours after a pro-stablecoin speech by Federal Reserve Governor Christopher Waller, raising…
Bitget Wallet, one of the world’s leading non-custodial crypto wallets, has announced a major integration with Base, the Ethereum Layer 2 network incubated by Coinbase. As part of the update, Bitget Wallet will natively integrate Aerodrome, a flagship decentralized exchange (DEX) on Base. The move gives Bitget Wallet’s users access to the full spectrum of…
Main crypto exchanges and fee firms, together with Coinbase, Binance, PayPal, Robinhood, Stripe, and Kraken, have united to launch Beacon Community, the primary real-time crypto crime response system designed to forestall illicit funds from leaving the blockchain. The community permits instantaneous alerts when flagged legal funds arrive at taking part platforms, permitting exchanges to freeze…
Singapore’s largest bank, DBS, has announced offering tokenized structured notes on the Ethereum public blockchain, as part of its wider blockchain strategy. Announced on Thursday, DBS will initially rollout tokenized notes to eligible investors of digital platforms, including ADDX, DigiFT and HydraX. However, it plans to expand to investors on other third-party digital investment platforms….
Toyota Blockchain Lab has launched a white paper detailing the Mobility Orchestration Community (MON), a blockchain system that will remodel autos into real-world property tradeable throughout monetary markets. Constructed on Avalanche’s multi-chain structure, MON goals to create digital identities for autos by NFTs, enabling buyers to deal with car fleets as structured portfolios that may…
A Goldman Sachs report this week predicts trillions of dollars could soon flood the stablecoin market. The forecast follows a stunning $7 trillion in transaction volume last quarter, indicating a seismic shift in global finance about to unfold. The prediction comes as U.S. Treasury Secretary Scott Bessent has told Wall Street that stablecoins will play…
The digital asset associations revealed on Wednesday that a number of key crypto commerce organizations have despatched a letter to U.S. President Donald Trump urging the “expeditious affirmation” of Brian Quintenz as chairman of the Commodity Futures Buying and selling Fee (CFTC). Crypto Teams Unite to Again Quintenz Nomination Signed by the Crypto Council for…
Key Takeaways: Reuters reported on August 20 that China’s State Council will review a plan to allow yuan-backed stablecoins. The roadmap would set global usage targets, regulatory responsibilities, and risk-control guidelines. Hong Kong’s new stablecoin ordinance and Shanghai’s digital yuan hub position them as pilot zones for the rollout. China is weighing the introduction of…