Trump-allied political action committee raises $7.5M in crypto

Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal.As Cointelegraph reported previously, BK Global Consortium, a firm headed by one of South Korea's leading plastic surgeons, closed a deal in Oct. 2018 to acquire 50% plus one share of…

Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”. 680 Total views 21 Total shares Chinese authorities have dismantled a group of alleged scammers posing as Huobi exchange officials, who were operating an over-the-counter (OTC) website.As reported by local media outlet Jinse, on May 20 police arrested 12 suspects in…

Big Four auditor KPMG announced it had partnered with enterprise blockchain company Guardtime to offer blockchain-based services to clients in a press release on Feb. 20.KPMG, which has experimented with blockchain before, has entered into a strategic alliance with Guardtime and will work on various products and services using its platform.“Using KPMG's blockchain enablement services,…

The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.

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The Bank of Lithuania, or BoL, will launch a pre-sale of its CBDC, dubbed LBCOIN, on July 9, a representative for the central bank told Cointelegraph. The coin itself will be issued and sold on July 23.While LBCOIN is technically a CBDC based on the NEM blockchain and issued by the central bank of Lithuania,…

Bitcoin (BTC) was challenging $11,000 support July 5 after a slight downturn made it temporarily lose ground.Market visualization courtesy of Coin360Data from Coin360 showed BTC/USD above $11,155 but still nursing 4.2% daily losses. The pair had climbed to over $12,000 on Wednesday, subsequently hovering at $11,700 before momentum waned. Friday’s low came in at $10,700. The…

Crypto artist sold his “I Can’t Breathe” art piece for crypto on a blockchain-backed social network. 446 Total views 8 Total shares Osinachi, a self-taught Nigerian digital and crypto artist, has sold his latest “I Can’t Breathe” digital art piece on May 31 for 7 Etherum (ETH), about $1,703 at press time on a blockchain…