Kevin O’Leary plans to launch a Web 3.0-focused investment fund called Cipher, the Shark Tank investor told Forkast Editor-in-Chief Angie Lau at the Converge22 blockchain and cryptocurrency conference on Wednesday in San Francisco. See related article: Capital gains: How Web3 property rights can transform the digital economy Fast facts “We’ve got to get away from this…
India’s financial crime fighting agency has frozen over US$1.5 million in cryptocurrencies as part of a money laundering investigation against mobile gaming application E-nuggets, the Enforcement Directorate (ED) said on Wednesday. See related article: Indian authorities probe alleged $125 mln money laundering cases involving crypto, report says Fast facts The ED launched a money laundering…
Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.
Bitcoin and Ether fell as much as 7% in afternoon trading in Asia as the top 10 cryptocurrencies by market capitalization lost ground across the board. XRP slid to erase most of its gains from the past week as optimism faded for any early resolution to its lawsuit with the US Security and Exchange Commission.…
What if you could hit the undo button on an Ethereum blockchain transaction after discovering you’ve been scammed?
Binance, the world’s largest cryptocurrency exchange, has launched a dedicated program to “help law enforcement detect financial and cyber crimes,” in a move it claims to be an industry first to combat crypto crimes, the exchange said Tuesday, as it navigates regulatory headwinds and ramps up compliance efforts. See related article: Binance says it complies…
Who will regulate the regulators is a time-honored question and one Bitcoin enthusiasts raise when talking about the benefits of the token’s fixed supply versus the tendency of central banks to switch the money spigots off and on.
Russia is planning to use its central bank digital currency (CBDC) in testing, the digital ruble, to carry out mutual settlements with China, Reuters reported on Monday, citing a senior Russian lawmaker. See related article: Is cryptocurrency a workaround for sanctions against Russia? Fast facts Anatoly Aksakov, head of the financial committee in Russia’s lower…
Crypto tycoon Jihan Wu’s crypto mining firm Bitdeer Technology Holdings is leading a US$250 million fund to acquire mining rigs from distressed miners amid the cryptocurrency bear market, according to Bloomberg. See related article: China mining rig maker Canaan expands despite crypto winter Fast facts See related article: Bitmain cuts mining rig price amid crypto…
Alex Mashinsky, the chief executive officer of cryptocurrency lender Celsius Network LLC which has filed for bankruptcy, has resigned from his position, according to a statement released by the company on Tuesday. See related article: Regulator alleges Celsius resembled Ponzi scheme in new filing Fast facts The company’s chief financial officer, Chris Ferraro, has been…