Japanese authorities trace Monero, arrest 18 in $670K laundering case

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to raise awareness and aid for disaster victims.Stablecoins could prove to be a…

The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.

The bounce back above $48,000 is not a definitive sign that a correction is over, analysts warn. 902 Total views 41 Total shares Bitcoin (BTC) quickly regained lost ground on Aug. 25 after a brief dip towards $47,000 failed to keep bulls down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRebound or bull trap?Data from Cointelegraph…

Blockchain development firm LiquidApps has introduced a new blockchain scalability solution for decentralized application (DApps) developers.The new service called vCPU aims to scale blockchain processing power horizontally, which provides more computing power per action than native blockchains, according to a press release shared with Cointelegraph on Oct. 14. LiquidApps states that vertical blockchain scaling creates a…

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions. 41 Total views 1 Total shares Own this piece of history Collect this article as an NFTFumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a…

A payments and cryptocurrency platform offering a Visa card that can be used anywhere has unveiled a range of cashback benefits designed to attract modern consumers and frequent travelers.Crypto.com says it now offers free Netflix and Spotify subscriptions to its MCO Visa Card holders. Users who pay for their subscription with the MCO Visa Card…

Bank of England governor Mark Carney has defended Facebook’s choice to create a new currency.Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms like Facebook should be involved in projects like…

Bitcoin (BTC) starts another week in a bullish mood as hurdles line up to shape price trajectory.Cointelegraph presents five factors determining where BTC/USD may go in the coming days, and what traders should look out for.All eyes on the Fed and U.S. inflationStocks saw records last week with the S&P 500 hitting all-time highs. Despite…