Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express
Marketplace for cyber-scammers launches its own stablecoin, Sony L2 collides with reality, Lazarus stole $650M crypto in 2024. Asia Express.
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Luxury Car Manufacturer Begins Accepting Bitcoin for Vehicle Sales
California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach.Karma Newport Beach now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services, according to a company press release on Oct. 15. Announcing the new offering,…

100 crypto lobbyists prepare for the fight of their lives as Congress resumes
Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation.The 118th U.S. Congress convened in…

Medici Portfolio Firm Partners with Caribbean Bank to Pilot Digital Currency
Bitt, a portfolio firm of Overstock’s blockchain firm Medici, has partnered with the Eastern Caribbean Central Bank (ECCB) to pilot central bank digital currency (CBDC). Overstock announced the news in a press release on March 6.Barbados-based Bitt initially signed a contract with ECCB to conduct a pilot of the blockchain-issued Digital Eastern Caribbean Dollar (DXCD)…

Atomic Wallet exploited, users report loss of entire portfolios
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished. 358 Total views 2 Total shares Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in…

Crypto market turmoil highlights risks of leverage in trading
Leveraged trading of cryptocurrencies — i.e., trading crypto with borrowed funds — comes with significant risks. This is mainly due to the capricious nature of the market.In May, the cryptocurrency market, which had grown significantly over the past couple of years, recoiled violently following a cascade of negative market events, losing over 50% of its…

US senators write to banking regulators about potential crypto discrimination
The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries. 142 Total views 3 Total shares Own this piece of history Collect this article as an NFTFour United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory…

MakerDAO passes new ‘constitution’ to formalize governance process
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities. 204 Total views 4 Total shares Own this piece of history Collect this article as an NFTMakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to…

Blockchain studio rep laments that ‘Not all gamers are crypto traders’
And not all crypto traders are gamers either. 1532 Total views 22 Total shares With the rise of non-fungible tokens (NFT), gamers and crypto enthusiasts are coming together, but gamers may not even know they’re using cryptos before they understand the decentralized nature of NFTs, an expert said. During an interview with Cointelegraph, Mac Ocampo, head…