Author: Ellen Grigsby

In connection with an ongoing investigation into money laundering, the Singapore Police Force has seized additional assets, bringing the total amount of seized money to almost S$2.4 billion ($1.76 billion). Since the initial procedure in August, the reported number has increased by twofold. According to a statement released by the police on September 20, more asset seizures took place as a result of subsequent operations. Over S$76 million in cash, S$38 million ($27.8 million) in cryptocurrency, 294 designer bags, 546 pieces of jewellery, 68 gold bars, 204 electronic devices, and 164 luxury watches, valued at over S$1.127 million ($825,000), are…

In competition with industry titans like Ethereum and Dogecoin, Bitcoin Spark aims to dominate the cryptocurrency market. While enhancing ETH’s smart contract capabilities, Bitcoin Spark aims to eliminate its niche from the meme coins. BTCS Bitcoin Spark’s groundbreaking Proof-Of-Process (PoP) technology revolutionises the cryptocurrency industry. Within the BTCS ecosystem, the BTCS token, which is now in ICO phase six at $2.75, has many applications. These uses range from staking for passive income to facilitating trades to protecting money against inflation. Through a feature-rich Bitcoin Spark application that works with iOS, Android, and desktop platforms, access to the BTCS ecosystem is…

An opposing viewpoint on the rumoured doom of non-fungible tokens (NFTs) is provided by a recent CoinGecko report. Due to the general market collapse, the NFT industry has seen a major decline, but data from CoinGecko reveals that interest in NFTs is still high. With 1,234 users adding Nakamigos to their watchlists, it is the most popular NFT at the moment on CoinGecko. With 1,076 people, Yuga Labs’ Bored Ape Yacht Club (BAYC) is closely followed by CyberKongz and bitmap, which have 867 and 851 watchlist entries, respectively. The most popular NFT from 2022 is Pixelmon, which is now on…

With a first-of-its-kind digital torch lighting ceremony, the 19th Hangzhou Asian Games got underway. Through the Alipay app, more than 100 million digital torchbearers took part in the ceremony, culminating in the lighting a huge lotus flower. Following the ceremony, each digital torchbearer was given a special digital certificate that served as a reminder of the moment the torch was lighted and was kept on the AntChain utilizing distributed technology. Whale Explorer served as the issuing platform for the digital central torch tower of the Asian Games, and AntChain handled the technical implementation for on-chain confirmation, storage, and issuance. The…

The Bank of Russia believes that the digital ruble, the nation’s central bank digital currency (CBDC), will be widely used by 2025. The central bank’s strategic strategy to modernising the country’s payment system is reflected in this action. First deputy governor of the Bank of Russia Olga Skorobogatova emphasised that the digital ruble is viewed as a complementary payment option to already available ones including cash, the Faster Payments System, Mir payment cards, QR code/NFC payments, and biometrics-based payments. The purpose of the digital ruble is not to replace real money but to exist alongside it. In order to integrate…

By providing decentralization, operational risk management, and dynamic hash power control, Lumerin has created a decentralized Bitcoin hash rate market on the Arbitrum network with the intention of upending the Bitcoin mining sector. The selection of Arbitrum guarantees a superior user experience, quicker transactions, and lower gas prices, increasing accessibility and liquidity of Bitcoin hash rate trading while fostering decentralization in the mining industry. Decentralisation, operational risk management, dynamic hashpower management, and arbitrage potential are just a few advantages that Lumerin’s hash rate marketplace offers that could transform the Bitcoin mining industry. Lumerin’s platform breaks down the stranglehold of a…

A well-known Non-Fungible Tokens (NFTs) marketplace has alerted its API users to a possible security issue. The organisation acknowledged that one of its vendors had a security problem that might have disclosed details about users’ OpenSea API keys in an email that was sent publicly by a user going by the name of MatriXBT. Users were reassured by OpenSea in the email that they shouldn’t anticipate any immediate effects on the platform integration. They did, however, highly warn API users to act right now to reduce any potential hazards. It is advised that users stop using their current API keys…

Bitcoin is currently stuck at roughly $26,500 after failing to retake the $27,000 barrier. The altcoins aren’t much better, with most of the larger-cap ones experiencing slight losses. The only one with a noticeable price rise is Chainlink. With the exception of a small increase on Saturday that brought it to a then-multi-day high of $26,400, Bitcoin had less volatility last week. BTC retraced to $26,000 and stayed there for the remainder of the weekend after failing to move higher. On Monday, Bitcoin launched an offensive and rose above $27,000 for the first time in weeks. Shortly after, it crashed,…

Huang Licheng has voiced resistance to the brand-new digital licencing proposal AIP-269 made by the platform X-based ApeCoin DAO community. 4.4 million APE tokens have been used by Huang to vote against the idea. With a current opposition rate of up to 99.88%, the proposal asks for granting Livefast9986 a one-year ApeCoin digital licence to produce and sell goods. We are not CC0, and we wish to see ApeCoin work with companies like Nike, Gucci, LV, Chanel, and Hermes, said Huang Licheng.

According to a research from the Institute of Risk Management (IRM), Bitcoin may serve as a catalyst for a worldwide energy shift. IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen wrote the report, “Bitcoin and the Energy Transition: From Risk to Opportunity.” They suggested that although being viewed as a danger because of its energy usage, BTC can also catalyse energy change and result in fresh approaches to the world’s energy problems. The authors emphasised the crucial role that energy plays as well as the growing demand for dependable, inexpensive, and environmentally friendly energy sources. By highlighting…

The Shiba Inu team’s Calcium (CAL), a token that was deemed useless by its creators, has been revived by a group of supporters who have transformed it into a significant undertaking. As part of a strategy to renounce the bone (BONE) token contract, the token was released on Friday. Shortly after being live, a bot purchased more than half of its supply, and the tokens were available on ShibaSwap, a decentralized exchange (DEX). Despite the Shiba Inu community’s warnings, traders bought the tokens with the aim of making a rapid profit; nonetheless, they wound up losing money. With their CAL…

Former workers of Salameda, a company incorporated in Hong Kong and connected to the bankrupt cryptocurrency exchange FTX, have been sued by FTX. The business asserts that Sam Bankman-Fried, the former CEO of FTX, was in charge of Salameda. The lawsuit’s main objective is to get back about $157.3 million from the alleged wrongdoing. The lawsuit names Kevin Nguyen, Darren Wong, Lesley Burgess, Michael Burgess, Matthew Burgess, and two companies, alleging that they were in charge of a number of businesses that had accounts with FTX.com and FTX US. It claims that prior to FTX declaring bankruptcy, they improperly withdrew…

Sam Bankman-Fried, the former CEO of FTX, has requested his release; however, the U.S. Second Circuit Court of Appeals has maintained the decision to refuse his request. This choice was made in response to an appeal by Sam Bankman-Fried’s (SBF) legal counsel, which was principally motivated by First Amendment issues. These arguments, however, did not persuade the court. It strengthens SBF’s ongoing incarceration as he deals with legal issues. A New York district court previously turned down his plea for temporary parole so that he may review crucial papers in advance of his October 3 trial. In a separate decision,…

Startup Mesh, formerly Front Finance, has raised $22 million in a Series A fundraising round headed by Money Forward for its cryptocurrency transfer and payment service. The Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC, Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, and other angel investors are additional investors. Mesh intends to use the recently raised money to support the operations of its product launch as well as to further enhance its deposit, payment, and expenditure tools. Mesh has procured $32 million in investment to date. The business was established in 2020 by Bam Azizi and Adam…

Some reports claim that Consensys is dropping Ganache and Truffle, two essential Ethereum frameworks, in favour of Metamask Snaps and SDK. Truffle and Ganache, which were crucial in the early development of Ethereum smart contracts, have received praise from several developers. The “sunset” of the two products was defined as the end of an era in the Consensys release from September 22. Numerous developers have published their experiences utilising these tools to create their first Ethereum smart contracts, including Foobar, an anonymous developer, and Georgios Konstantopoulos, CTO and partner at Paradigm. At the time of Consensys’s acquisition in 2020, 1.3…

The Bank of Japan (BOJ) may lead to large changes in the global market flows, which might have an effect on cryptocurrencies, claims CoinDesk. The unknown policy direction of the BOJ, in the opinion of volatility trader Gryphon Ardern from the crypto asset management company Blofin, increases the likelihood that it would shock the market beyond expectations. In order to guide short-term interest rates at minus 0.1% and the yield on 10-year government bonds at about 0%, the BOJ has been using yield curve control (YCC) since 2016. With the addition of trillions of dollars in new global liquidity and…

Ever since the introduction of the world to the concept of cryptocurrency, it has been a matter of fascination and interest. More and more nations are trying to incorporate crypto into their system. However, there are certain nations that want a ban on cryptocurrency. According to crypto news for today, India could be one of those countries. Well, not precisely the whole nation but rather an important entity in India wants to have a ban on cryptocurrency. The RBI or the Reserve Bank of India has been making different proposals for instituting a blanket ban on cryptocurrency for sure. Apparently,…

The Start Small Initiative that was founded by Twitter co-founder Jack Dorsey has made an investment of over $55 million across different states of the USA as well as certain parts overseas in order to create a particular experiment that is on UBI or Universal Basic Income. According to the co-founder of Twitter and the SEO of Block, Jack Dorsey, the various implications of having a UBI or Universal Basic Income based and powered by Bitcoin will be one of the best strategies for sure. Dorsey had this discussion about the implications with elementary school teacher and US Congressional Candidate,…

The United States of America has been an avid supporter of cryptocurrency for a very long time. A bill that was going to be introduced in the House of Representatives regarding the fate of cryptocurrency had the critics making certain assumptions about the fate of crypto exchanges. However, in the recent news, it has been stated that there is no need of worrying for sure. A provision that was previously included in the bill actually had the critics making certain statements that the Treasury Secretary wouldn’t have properly had certain limits on the surveillance of the different crypto firms that…

Cryptocurrency is definitely a very lucrative world that is filled with endless opportunities and potential for growth. But despite having so much popularity, the world of cryptocurrency is pretty risky. Most people that make cryptocurrency investments without proper knowledge might just end up losing their money. If you don’t want to face a fate that is similar to this, you need to make sure that you have all the knowledge about cryptocurrency along with some expert advice. Tips That Can Be Of Help For Investing In Cryptocurrency  If you are making plans to invest in the world of cryptocurrency, it…