The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to hide money from HMRC.” NFTs…
Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto. Deputy Prime Minister Chrystia Freeland said in a press conference on Feb. 14 that this latest tactical maneuver against the protesters broadens the scope of Terrorist Financing rules. It targets…
The Canadian government today for the first time invoked the Emergencies Act in a bid to restrict the flow of funds to truck drivers protesting the country’s COVID-19 restrictions. Under the act, the government can freeze bank accounts without going through the court system—as well as take a number of other actions to force an end to the demonstrations. “We…
Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain. Translating into the word ‘Spark’ in the languages of Urdu and Hindi — a branding visibly consistent with its flame icon — the Chingari user interface…
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB explained. Digital Euro to Complement Cash ECB President Christine Lagarde…
T. Rabi Sankar from the Reserve Bank of India compared cryptocurrency to ponzi schemes and said that banning them, not regulating them, would be the “most advisable choice” for the Indian government. Sankar, the deputy governor for the RBI, told audiences at a keynote address on Feb. 14 that “We have also seen that cryptocurrencies are not amenable to definition…
By L.J. Brock, Chief People Officer At Coinbase we have an ambitious mission to increase economic freedom in the world. If we’re going to execute against the opportunity in front of us, we’re going to need more help to scale our existing products, and build new ones. In 2022, we plan to add up to 2,000 employees across our Product,…
Hackers stole $21 million in Bitcoin and $15 million in Ethereum from retirement accounts held with IRA Financial Trust on February 8, according to a report from Bloomberg based on an anonymous source. The FinTech startup, which manages individual retirement accounts in non-traditional assets, has been dealing with allegations of a major hack for nearly a week. Late Friday, it…
Viral Canadian rapper Drake made waves last week when he placed over $1.26 million of BTC in bets for Super Bowl LVI, taking to Instagram to show the world his gamble on the Bitcoin casino and sports betting platform, Stake. Drake risked over $471k on the Rams to win outright, receiving a payout of more than $711k. The rapper also placed two other bets…
“I think of the possibility that a good sort of international currency might EVOLVE before the time when an official establishment might occur…. Here I am thinking of a politically neutral form of a technological utility rather than of a money which might, for example, be used to exert pressures in a conflict situation comparable to ‘the cold war’.” –“Ideal…
