A commissioner of the United States Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25. Romero…
Terraform Labs co-founder Daniel Shin was among ten people indicted on multiple charges in South Korea on Tuesday, according to a report. Shin and seven others were charged with illegal trading, while another two people were indicted for breach of trust. Prosecutors said at a press briefing that all those concerned are linked to Terra, Bloomberg reported. Officials said they…
Emerging technologies such as blockchain are ushering in a new era of interactions between humans and the digital world. This is an evolving topic of conversation for thought-leaders both inside and outside of the industry trying to predict how such technologies will prompt change in the human experience. On April 25th the reState Foundation hosted a virtual talk between co-founder…
The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem. The 10 individuals were reportedly indicted on charges of fraud, breach of trust and embezzlement and referred to trial after 11 months of investigation. The prosecutor’s office suspected that the individuals…
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited programs before. Public Employees in Changshu to Receive Payments in…
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm. Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin…
Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week After a week in which BTC/USD fell by 10%, sentiment is getting a reset and traders are eyeing key support levels closer to $25,000. At the same time, consensus is far from unanimous…
The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to the governor, the soon-to-be-introduced gold-backed digital currency is expected to help diminish local residents’ demand for the U.S. dollar. Taming High Demand for the US Dollar The Zimbabwean central bank has said it will introduce a…
Five people have been charged in relation to alleged market manipulation of an Ethereum-based token called “Hydro.” Source: https://cointelegraph.com/public/index.php/news/5-charged-by-doj-over-alleged-crypto-price-manipulation-scheme
European NFT photography platform Rhapsody Curated today announced a partnership with three leading fine art photographers whose works will be minted as NFTs for the first time ever to raise awareness of, and funding for, the battle against climate change. The collections—from Yann Arthus-Bertrand, Nicolas Henry, and Namsa Leuba—mark each artist’s first foray onto the blockchain. Arthus-Bertrand is a French…
