In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million of Unicredit’s assets, equivalent to about 4.5% of its […] Source: https://news.bitcoin.com/western-banks-face-major-asset-seizure-in-russia-amid-gazprom-subsidiary-dispute/
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […] Source: https://news.bitcoin.com/uk-shuts-down-crypto-advisory-firm-for-misleading-investors-and-poor-financial-records/
Bitcoin bulls are enjoying 10% month-to-date gains currently, but one trader warns that the picture should soon look very different for BTC price action. Source: https://cointelegraph.com/news/bitcoin-67k-but-analysis-warns-10-btc-price-drop
Coinbase, the largest US crypto exchange, is planning to tap into Australia’s $600 billion self-managed pension sector, according to a Bloomberg report. The company is developing a service tailored for this sector, aiming to cater to the growing interest in crypto investments among self-managed funds. This move comes amidst a significant increase in crypto holdings […] Source: https://news.bitcoin.com/coinbase-ventures-into-australias-600-billion-pension-market-with-tailored-crypto-services/
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. Source: https://cointelegraph.com/news/venezuela-bans-crypto-mining-to-protect-power-grid
The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the last quarter of 2023. Source: https://cointelegraph.com/news/xrpl-blockchain-ledger-transactions-ripple-cryptocurrency
Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Maker’s Endgame Plan Brings Newstable and Puredai to Replace DAI Makerdao, a decentralized autonomous organization (DAO) known for […] Source: https://news.bitcoin.com/makerdao-reveals-ambitious-endgame-plans-with-2-new-stablecoins/
In his latest social media posts, Daniel Cheung, co-founder of Syncracy Capital, expressed confidence in the strength of solana (SOL) and its potential to reclaim the $200 mark. He also hinted that upcoming upgrades could pave the way for new all-time highs (ATHs). Cheung also shared his bullish outlook on bitcoin (BTC), predicting new ATHs […] Source: https://news.bitcoin.com/analyst-solana-to-reclaim-200-many-new-crypto-aths-soon/
The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles using Swiss Franc wholesale central bank digital currency (CBDC) from the Swiss […] Source: https://news.bitcoin.com/world-bank-to-issue-chf-digital-bond-settled-using-swiss-franc-central-bank-digital-currency/
Phantom Wallet has climbed to third position on the utility category on the Apple app store and several crypto commentators are taking it as a bullish signal for Solana. Source: https://cointelegraph.com/news/phantom-wallet-apple-app-store-solana-bullish-signals-crypto-commentators
