Bill proposes to give Secret Service more power to pursue crypto crime
Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said.
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Basket Currency Could Be the Answer to Hyperinflation, Says Founder of Saga
A stabilized coin, together with Bitcoin, might be the answer to fiat currency hyperinflation, says the founder of Saga. 1453 Total views 47 Total shares Ido Sadeh Man, founder of the global stabilized digital currency, Saga, spoke with Cointelegraph in an interview on May 15. During the interview, he said that a digital currency backed…

KuCoin Targets Latin America and Eastern Europe With New Fiat On-Ramps
KuCoin has launched credit card support for 17 new fiat currencies, with the exchange expanding its services to Latin American and Eastern European customers. 434 Total views 18 Total shares Seychelles-based crypto asset exchange KuCoin has significantly expanded its fiat on-ramps, introducing support for 17 national currencies on June 12.KuCoin now supports credit card purchases…

The secret to successful branding in Web3: The science of choosing
Human nature means it’s not easy to make decisions. Choosing one option often means forsaking others and can require careful analysis and thought, which takes energy. It’s why the term “decision fatigue” was coined, referring to our inability to continue making good decisions over a sustained period. However, in crypto marketing, the inability to choose…

Symbol blockchain to host whisky fund and central bank collectibles at launch
Symbol, the forthcoming enterprise and security token-focussed blockchain from the team behind XEM, will host a whiskey fund and Lithuanian collectible token at launch. 886 Total views 4 Total shares Proof-of-stake blockchain NEM (XEM) is preparing for a token migration in December alongside the public launch of the Symbol (XYM) blockchain.Speaking to Cointelegraph, NEM Group…

Czech National Bank governor to propose $7B Bitcoin reserve plan
The Czech National Bank may invest up to 5% of its reserves in Bitcoin, potentially acquiring $7.3 billion in BTC as part of its diversification strategy.

Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan. 1192 Total views 32 Total shares As China is moving forward with blockchain projects amid the COVID-19 crisis, the government has tapped another tech partnership to continue the development of China’s digital yuan.Domestic artificial intelligence…

Bank of Korea selects Kakao’s blockchain arm for digital won tests
ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. 321 Total views 8 Total shares The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.Kakao’s Ground X had won the…

Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million. 630 Total views 15 Total shares Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found…