Tag Archives: News

CoinspeakerSouth Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services Six projects are being proposed for the public sector, including the development of a CBDC-based digital voucher management platform by the Bank of Korea. South Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services

CoinspeakerNotcoin (NOT) Crashes 14% despite Positive Developments, Community Reacts Notcoin (NOT) is trading 39.19% off from its all-time high witnessed 15 days ago at a price of $0.02896 after the digital asset was listed on the Binance.  Notcoin (NOT) Crashes 14% despite Positive Developments, Community Reacts

CoinspeakerRipple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute Ripple's increasing influence is evident as 80% of Japanese banks have partnered with the company for blockchain-based payment solutions. Ripple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute

The US Department of Justice (DoJ) has charged two men for operating the darknet marketplace Empire Market between 2018 and 2020. The indictment names Thomas Pavey, 38, and Raheim Hamilton, 28, as two men behind the marketplace. Empire Market connected vendors and customers, facilitating the exchange of illegal products and services worth $430 million. Payments on the marketplace occurred through cryptocurrencies. A press release issued by the DoJ read, “THOMAS PAVEY, also known as...

The Cybersecurity and Infrastructure Security Agency (CISA) has warned crypto users in the US about rising cases of impersonation scams, in which scammers impersonate federal officers to extort users. This new wave of scams adds to the lengths scammers go to part users from their crypto. The CISA alerted users, stating, “Impersonation scams are on the rise and often use the names and titles of government employees. The Cybersecurity and Infrastructure Security Agency (CISA) is aware of...

Gemini has entered into a $50 million settlement with the New York Attorney General’s Office as part of an agreement to offer restitution to its defrauded users who were unable to reclaim their assets deposited into the Gemini Earn program. This settlement brings the lawsuit from October 2023 to a satisfactory conclusion. Letitia James, the NY Attorney General, said in a press release, “Hundreds of thousands of people, including at least 29,000 New Yorkers, had their trust broken and their...

VanEck BTC ETFs will be offered beginning June 20 on the Australian Securities Exchange (ASX), Australia’s largest stock exchange. VanEck also offers its BTC ETFs in the US markets with the US SEC’s blessings. Now, it has received permission from ASIC only a few months later to list on ASX. Demands for BTC ETFs were rising in Australia as action in the US began months ago. VanEck faced increased inquiries from brokers and advisers about the possibility of an Australian BTC ETF. Arian Neiron,...

After 18 months of continuous uptrend in the Bitcoin network’s hashrates, June saw a decline. While several theories emerge about the cause of the phenomenon, it looks like miners with older ASIC systems (specialized mining rigs) are disconnecting from the network because it is no longer profitable. Thus, the reduction in the total hashrate of the network. Bitcoin’s hashrate, which has currently dropped to 600 exahashes, is the processing power miners need to solve a cryptographic puzzle to...

Binance’s former CEO Changpen ‘CZ’ Zhao has been ranked the twenty-fourth richest person in the world by Forbes. His 90% equity in Binance and joint ownership of 71% of circulating BNB coins with Binance puts his net worth at a highly impressive $61 billion. He personally owns 64% of the BNB coins in circulation, amounting to 94 million. The total supply of BNB is 200 million, with over 147.5 million coins in circulation. BNB has done extremely well during this year’s bull cycle, with its...

El Salvadoran president Nayib Bukele is advancing a proposal that will create ‘Banks for Private Investment’ (BPI) offering increased financial services with fewer restrictions to Bitcoin and Dollar investors. Bukele has been a proponent of Bitcoin adoption in the country, making it BTC legal tender in 2021. In fact, El Salvador was the first nation to do so. As his second presidential term rolls on, he is pushing for the introduction of BPIs working differently than the country’s traditional...