South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon. Although Kwon amassed millions, none of the assets tied to him is recoverable or…
The saga of the Mt. Gox cryptocurrency exchange and the repayment of its creditors continues, as the company released a new statement as to what to expect now that its registration window has closed. On April 7, the former exchange released a statement from its rehabilitation trustee Nobuaki Kobayashi, that said the deadline for creditors to provide their repayment information…
Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump Alerts About China’s Push Against…
A previously unreleased version of David Bowie’s “Let’s Dance” surfaced as a limited edition collection of nonfungible tokens (NFTs). Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer Larry Dvoskin and publisher Warner-Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as a limited edition collection of NFTs.…
Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over most of the week, but…
The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets already in the current quarter (Q2) of the year. The final recommendations from the Organization are planned to be published by the end of 2023. The dates are scheduled in IOSCO’s work program for 2023-24. There are two major workflows dedicated to…
The U.S. luxury brand Ralph Lauren has said customers can now pay via crypto at its Miami Design District location. The store has also been designated the luxury brand’s focal point for Web3 promotions. Bitcoin, ethereum, and polygon are among the cryptocurrencies that are accepted at Ralph Lauren’s new store in Miami. Miami Store Ralph Lauren’s Web3 Promotions Focal Point…
Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least…
The ECB President admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community. Source: https://cointelegraph.com/public/index.php/news/cbdc-will-be-used-for-control-ecb-president-admits-in-vid-chat-with-fake-zelensky
A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a “limited” way to control the payments people can make was taken from the three week old prank video. The video was highlighted by breaking news account Watcher Guru on April 6 and generated a significant amount of social…
