Finally, on Thursday in Podgorica, Montenegro, police apprehended Do Kwon, CEO of Terraform Labs. The Montenegrin police say they have captured a person they believe is Terraform Labs’ CEO; they identify Kwon as one of the most wanted fugitives and a South Korean national. Over the last several months, law
Tether, a stablecoin, may now be transferred between Telegram users. The messaging app announced Wednesday that USDT-TRON (also known as TRC20) is now supported in its wallet feature. After Bitcoin and Ethereum, USDT has a $78 billion market valuation, making it the third biggest cryptocurrency. In addition, its value is
By unveiling a new staking marketplace for its institutional customers. MetaMask Institutional is poised to become a conduit for the creation of fresh Ethereum validators. Four vendors, including ConsenSys Staking, Allnodes, Blockdaemon, and Kiln, will be available to institutions using MetaMask’s institutional-grade wallet and custody service to handle Ether staking.
The SHIB burn rate has increased by an incredible 8517% in the previous 24 hours, as reported on the Shibburn website. Within the last 24 hours, 763,406,271 $SHIB tokens have been burned. A measure of how quickly SHIB tokens are destroyed or withdrawn from circulation is known as the burn
Circle, the company behind the USD Coin (USDC) stablecoin, has submitted an application for regulatory authorization in France. In order to legally operate in France, the company has applied to become both an Electronic Money Institution (EMI) and a DASP (Digital Asset Service Provider). On March 21, Circle issued a
Ron DeSantis, governor of Florida, is the latest Republican leader to speak out firmly against the use of CBDCs in the United States. The governor has publicly called for a prohibition on CBDCs inside the state, denouncing them as instruments of financial surveillance. DeSantis, in a speech posted on Twitter
Goldman Sachs, one of the most prestigious financial institutions in the United States, has singled out bitcoin as the year’s top-performing asset. The leading cryptocurrency is now more valuable than the Nasdaq 100, gold, the S&P 500, and many other traditional financial assets. In terms of year-to-date (YTD) and risk-adjusted
According to Bloomberg, Amazon has joined the recent wave of layoffs in the IT sector by letting go of another 9,000 workers today. Meta, Facebook’s parent company, has announced the layoff of an additional 10,000 workers, after the earlier dismissal of 11,000 staff. Amazon is just the latest IT company
Trading markets saw a surge of comfort as a result of the last-minute actions made by global financial authorities to avoid the banking disaster. The largest digital currency, Bitcoin (BTC), witnessed a spike of 5% on Monday, allowing it to break the $28,000 barrier after a long time. BitMEX’s previous
In response to growing calls for government oversight of the cryptocurrency sector. Taiwan, officially the Republic of China (ROC) on Monday appointed its top financial regulator as the primary agency responsible for doing so. Chairman of the Financial Supervisory Commission Huang Tien-mu has said that the financial regulator would first
