Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian …

Coinbase CEO Brian Armstrong Says Crypto in ‘Despair Phase’ Amid US Exchange’s $2,625,000,000 Annual Loss

Crypto exchange Coinbase is struggling as a result of the bear market but the firm’s CEO, Brian Armstrong, says they’re built for the long term. During an earnings call on Wednesday, Armstrong says that the industry is going through one of those difficult periods in the crypto cycle. “The narrative in crypto tends to flip …

Top Analyst Says $610,000,000,000 in Bitcoin and Crypto Could Be Wiped Out in ‘Worst Case Scenario’

Analyst Benjamin Cowen is predicting that crypto assets may not have bottomed out yet despite the increase in prices so far this year. Cowen tells his 784,000 YouTube subscribers in a new video that the total market cap for crypto assets could drop to below $500 billion. The total crypto market cap is $1.14 trillion …

A Last Will and Blockchain Testament – Ensuring Crypto Wealth Is Passed On to Successors

HodlX Guest Post  Submit Your Post   Money never sleeps, it’s said. More than that, though – money never dies. Human beings do, of course. It’s this fact that drives us – to make life meaningful, to create and make our mark and hopefully to leave something behind. Society has well-established processes available that ensure our wealth …

Deutsche Bank Successfully Finishes Trial of Tokenized Investing Platform

German financial giant Deutsche Bank is announcing the successful finish of a trial for a tokenized investing platform. In a new announcement, Deutsche Bank says it has successfully completed a new proof of concept in collaboration with the Memento blockchain. The bank says that the aim of the new protocol, known as Project DAMA (Digital …

USDC issuer Circle to increase staff by up to 25% amid layoff season

USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide firms is laying off staff to mitigate their financial woes, Circle has gone against the tide to hire more people.   41% of all layoffs …

German DZ Bank adds digital currencies to asset management services

DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco. According to the announcement sent to Cointelegraph, DZ Bank selected Metaco’s custody platform Harmonize to offer digital currencies to its institutional clients. Nils Christopeit, an executive at …

Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit

Kim Kardashian, Floyd Mayweather and other celebrities are looking to convince a judge to dismiss another revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure.  The celebrities asked a California federal judge to dismiss a second amended complaint from EthereumMax investors filed in December 2022. According to the defendants, the …

‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer

Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision to allow a lawsuit against Dapper Labs’s NBA Top Shots NFTs to play out.  U.S. attorney Jake Chervinsky made the comment after federal judge Victor …

Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case

The United States Securities and Exchange Commission has again been accused of overstepping its authority and unfairly labeling crypto assets as securities, this time in its insider trading case against ex-Coinbase employees. In an amicus brief filing on Feb. 22, the U.S.-based Chamber of Digital Commerce argued the case should be dismissed as it represented an …

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