As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria. Source: https://cointelegraph.com/news/nigerian-police-arrest-blord-crypto-crackdown?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program […] Source: https://news.bitcoin.com/man-pleads-guilty-in-meijer-loyalty-program-fraud-case-forfeits-crypto/
Arthur Hayes' Maelstrom fund announces Bitcoin grant program of up to $250k per developer
The new Bitcoin grants program could invite more innovation for Bitcoin-native DeFi, or BTCFi. Source: https://cointelegraph.com/news/arthur-hayes-maelstrom-fund-announces-bitcoin-grant-program-250k-developer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BTC price tags $66K — can Bitcoin bulls beat out $100M of asks?
Bitcoin buyers need to ramp up pressure to squeeze the market back toward all-time highs, BTC price analysis concludes. Source: https://cointelegraph.com/news/btc-price-66k-bitcoin-bulls-beat-100m-asks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances […] Source: https://news.bitcoin.com/zimbabwean-miner-launches-blockchain-based-gold-tracking-system/
Nigerian prison doctor detained over Binance executive’s health concerns
Gambaryan’s family has expressed concern about his well-being and appealed to the EFCC to release him and pursue its investigation into Binance instead. Source: https://cointelegraph.com/news/nigerian-court-arrest-prison-doctor-binance-exec-health?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Degen Chain user loses 90% funds during bridge transfer
A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem. Source: https://cointelegraph.com/news/degen-chain-user-loses-funds-bridge-transfer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more […] Source: https://news.bitcoin.com/uae-blockchain-and-ai-startup-sentient-labs-secures-85-million-in-seed-funding/
Trump Says He’s Making More NFTs — Even Though the Last Ones Never Sold Out
On Monday, Former U.S. President Donald Trump said he intends to release a fourth collection of non-fungible tokens (NFTs), despite mixed results from his previous Polygon blockchain-based digital collectibles. “We had one year to sell it out, and it sold out in one day,” Trump said during an interview with Bloomberg on his initial NFT launch. “The whole thing sold…
Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises […] Source: https://news.bitcoin.com/caliza-raises-8-5-million-to-ease-cross-border-payments-using-usdc-in-latam/