A group of senior builders of The Open Network (TON), Telegram’s blockchain of choice, announced on Wednesday that they have spun off to create TON Ventures, a for-profit fund equipped with $40 million to support the next generation of on-chain Telegram mini apps. The fund will be led by Ian Wittkopp, the former head of TON’s accelerator program, and Inal…
Month: August 2024
Trump Running Mate J.D. Vance Has Held Bitcoin Since 2021
Sen. J.D. Vance (R-OH), who last month became former president Donald Trump’s running mate, has disclosed that he still holds between $101,000 to $250,000 worth of Bitcoin in his 2023 annual financial disclosure. The Bitcoin disclosure, which Vance notes is held in a Coinbase account, isn’t new. The Republican senator also reported holding between $101,000 to $250,000 in BTC on…
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally. Source: https://cointelegraph.com/news/tether-crypto-exchanges-balance-record-high-treasury-1b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korean Civil Servant Charged With Embezzling $400,000 to Buy Crypto
A South Korean civil servant has been charged with allegedly embezzling over $400,000 from government funds and using some of it to invest in cryptocurrencies. According to a Yonhap News Agency report, the Cheongju District Prosecutors’ Office announced that they had arrested and charged an unnamed grade six civil servant working at Cheongju City Hall. The accused, in their forties,…
7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors
Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the group allegedly stole the bitcoin and now face potential sentences of five to […] Source: https://news.bitcoin.com/7-indicted-in-300000-queens-bitcoin-theft-say-prosecutors/
Australia Securities Regulator Sues ASX for ‘Misleading Statements’ on Failed Blockchain Project
The Australian Securities and Investments Commission (ASIC) has sued the Australian Securities Exchange (ASX), the country’s largest exchange, alleging misleading statements regarding its blockchain-based Clearing House Electronic Subregister System (CHESS) replacement project. ASIC claims that ASX’s announcements on February 10, 2022, stating that the project was “on-track for go-live” in April 2023 and “progressing well,” were misleading and deceptive. The…
Hong Kong launches generative AI Sandbox for finance sector
The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance. Source: https://cointelegraph.com/news/hong-kong-genai-sandbox-fintech?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
dYdX to allow permissionless listing with new update
dYdX announces updates to its chain, including a master liquidity pool that will provide liquidity for all markets across its network. Source: https://cointelegraph.com/news/dydx-permissionless-listings-megavault-liquidity-update?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian state plans to tokenize real estate, boost revenue
The tokenization of real estate in Lagos State has the potential to transform the property market, making it more accessible to a wider range of investors. Source: https://cointelegraph.com/news/nigerian-state-plans-to-tokenize-real-estate-boost-revenue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto.com Becomes Global Cryptocurrency Partner of UEFA Champions League in Multi-Year Deal
Crypto.com and UEFA have announced a multi-year partnership, making Crypto.com the first and exclusive global cryptocurrency platform partner of the UEFA Champions League. This collaboration aims to enhance fan engagement by integrating cryptocurrency into the football experience, featuring in-stadium activations, broadcast integrations, and advertising campaigns. The partnership will be officially unveiled at the UEFA Super […] Source: https://news.bitcoin.com/crypto-com-becomes-global-cryptocurrency-partner-of-uefa-champions-league-in-multi-year-deal/