Chinese police in the Mongolian city of Tonglio have reported the arrest of 63 persons. For their role in a $1.7 billion cryptocurrency money laundering scheme that used the Tether stablecoin. According to the official statement released by law enforcement. The probe was initiated when a local bank saw a
Early on Monday, Justin Sun said on Twitter that he had swapped over $773,000 worth of Tron’s native stablecoin USDD. Sun said that he has converted over $200,000 worth of USDC. And $570,000 worth of USDT to the stable currency USDD. Although it is supposed to be pegged to the
Microsoft, a titan in the American software industry, has announced a 10-year strategic relationship with the London Stock Exchange Group (LSEG). The exchange will be able to use Microsoft’s cloud and data analytics services going forward, per the release. Today, Microsoft and the London Stock Exchange announced a 10-year strategic
In the face of mounting difficulties, one Arkansas energy company is offering a discounted rate to cryptocurrency miners. Even though the state of Texas already has among of the lowest energy rates in the United States, the Fortune 500 business Entergy, which specializes in delivering electric power to clients in
In Cuba, cryptocurrency has advanced to the point that its inhabitants may use it to purchase goods online from outside, recharge their mobile phones and the internet, and send and receive money from family and friends living outside of the country. However, challenges remain for cryptocurrency mining to achieve the
Proof-of-concept for a wallet that may store a Central Bank Digital Currency (CBDC) is being sought by the Bank of England (BOE). The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. A platform for government agencies to offer digital project work, on the 9th of
EU member states have issued new guidelines designed to restrict criminals’ access to cash and other decentralized payment systems like cryptocurrencies. On November 6th, the bloc agreed to allow cash transfers of up to €10,000 ($10,557). However, individual nations will have the option to lower the cap even more. When
After failing to get enough traction in the Deputy Chamber, the Paraguayan cryptocurrency bill that had been submitted to Congress in 2021 was eventually placed on hold. After President Mario Abdo blocked the proposal in September, proponents couldn’t muster the support they needed to overturn the veto. Paraguay’s senate has
According to reports, Elon Musk has taken a dramatic new step by threatening to sue Twitter workers who are engaged in leaking the company’s secret information. He sent a warning email to the Twitter team advising them not to give out too much information to the press. Moreover, Musk wants
The CEO of cryptocurrency news site The Block, Michael McCaffrey, resigned when it was revealed that the business had received an undisclosed investment from former FTX founder Sam Bankman-Fried, according to a report by Axios. McCaffrey, who became CEO in April of 2020, has also resigned from the board of
