Author: Trishla Tyagi

The National Securities Depository (NSDL) situated in Mumbai, has established a blockchain-based security and covenant monitoring tool. NSDL and the Securities and Exchange Board of India jointly announced the distributed ledger technology (DLT) platform, during their 25th-anniversary presentation (SEBI). The platform is designed to improve corporate bond market security and governance monitoring, bringing additional discipline and transparency to the market. SEBI Chairperson Madhabi Puri Buch emphasized blockchain’s transparency as a crucial reason for its popularity, but expressed reservations about the technology’s current cost-effectiveness and said that the anonymous aspect is still strongly unwelcomed by Indian authorities: This is the single…

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The Luna Foundation Guard (LFG) said that it will lend hundreds of millions of dollars in bitcoin and the Stablecoin UST to protect the latter’s peg during a period of market turbulence. https://twitter.com/LFG_org/status/1523512201088143360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1523512201088143360%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url= “Will proactively defend the stability of the $UST peg & broader Terra economy, especially amid volatility and the unpredictability of macro conditions in legacy markets,” LFG said in a tweet thread. The group continued, The traders will exchange money on both sides of the market to help achieve #1 and #2, eventually maintaining parity of the LFG Reserve pool (in BTC) as market circumstances settle,” the thread…

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Bitstamp stated that CEO Julian Sawyer has stepped down, and Europe CEO JB Graftieaux has been promoted to take his position. Bitstamp said in a statement that Sawyer, who had been in the position for 18 months, had chosen to pursue new possibilities. Graftieaux was Bitstamp’s chief compliance officer from November 2014 to February 2016, after which he went to eBay for a five-year stay. A year ago, he returned to Bitstamp as Europe CEO. JB was a founding member of Bitstamp and has led our European operations superbly over the past year. In a statement, Bitstamp chairman Nicolas Huss…

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Tron’s algorithmic stablecoin has gone online, and the fiat-pegged currency has already been listed on a variety of decentralized finance (defi) protocols. The Tron DAO Reserve said two days later that it has purchased 504.6 million Tron (TRX) to support the algorithmic stablecoin, with the initiative aiming to establish a decentralized FX reserve akin to Terra’s UST reserves. Justin Sun and Tron DAO Reserve Announce a $38 Million TRX Purchase USDD is now listed on Pancakeswap, Kyberswap, Sunswap, Sun.io, Curve Finance, Uniswap, and Ellipsis, among other exchanges. At the time of writing, there was roughly 211,245,005.49 USDD available, according to…

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The US State Department has announced that it will pay up to $15 million in exchange for information about the Conti ransomware version. Any information that leads to the identification or location of the Conti group’s leaders might earn you up to $10 million. In addition, any information leading to the arrest of anybody plotting with the Conti group will be awarded $5 million. The awards can be claimed from any country under the Department of State’s Transnational Organized Crime Rewards Program (TOCRP). Overview of Attacks by Ransomware Ransomware is a sort of software that demands a ransom in exchange…

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Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETH) have been added to Robinhood’s cryptocurrency exchange (ETHE). Customers of Robinhood can now access cryptocurrency investment products to obtain exposure to Bitcoin and Ethereum without actually owning the digital currencies. Robinhood now supports Grayscale’s GBTC and ETHE Robinhood added GBTC and ETHE to its platform, allowing clients with brokerage accounts to buy and trade GBTC and ETHE stock and options without paying a commission. https://twitter.com/Grayscale/status/1522567545651347458 Following the launch of its crypto wallet in the first week of April, Robinhood has added GBTC and ETHE investing products. Robinhood listed Shiba Inu (SHIB), compound…

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Real Estate in Portugal can now be purchased directly with cryptocurrency. A two-bedroom apartment in Braga (the “capital of the northwestern Portuguese district of Braga, as well as the historical and cultural Minho Province”) was purchased directly with cryptocurrency in a deal regarded as the first of its kind in Portugal by local media. The buyer paid 3 BTC (about 110K euros at the time of purchase) and the title deed for the property was transferred in Póvoa de Varzim, district of Porto, on Thursday (May 5). Real estate agency Zome, law firm Antas da Cunha Ecija & Associados, the…

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Several financial experts in Africa have highlighted concerns in response to the Central African Republic’s introduction of Bitcoin as legal tender. According to analysts at a time when the regime is under UN criticism, there are suspicions that the only state to have accepted Bitcoin, along with El Salvador, is attempting to encourage fraudulent transactions. https://twitter.com/FA_Touadera/status/1519360822853926914 President Faustin Archange Touadéra said that the poor Central African nation’s parliament had passed laws “regulating all transactions” in cryptocurrencies and establishing Bitcoin as a “reference currency” alongside the CFA franc. Many People in CAR are Unaware of Cryptocurrency In front of one of…

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Historically, American politics has been polarised, but crypto may be about to change that. As the midterm elections approach, digital asset corporations and groups are ratcheting up their lobbying efforts, betting heavily on pro-crypto candidates that may potentially offer the industry favorable policies. By 2024, the Financial Freedom PAC hopes to start an “orange tsunami” in Washington. The Orange Wave Could Begin in Ohio and Oregon Josh Mandel, a bitcoin supporter, was the only one of four candidates sponsored by the Financial Freedom PAC, a political action group principally funded by FTX CEO Sam Bankman-Fried (SBF). The group is geared…

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Nvidia has been charged $5.5 million by the US Securities and Exchange Commission for failing to disclose to investors how much of its 2017-2018 income comes from bitcoin miners. The allegations and settlement with the company were confirmed by the SEC. The agency claims that Nvidia deceived investors by claiming a big growth in gaming-related revenue while hiding the extent to which its success was reliant on the far riskier cryptocurrency market. Nvidia does not admit any wrongdoing as part of the agreement, but it does commit to stopping holding information. Graphics cards, such as those produced by Nvidia, are…

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Zora, a platform for non-fungible tokens (NFTs), raised $50 million in a seed round to expand its services to clients. Haun Ventures, Coinbase Ventures, and Kindred Ventures were among the firms that spearheaded the investment. NFTs continue to pique the interest of a sizable portion of the crypto community, allowing several firms to raise multimillion-dollar investments to improve their position in the industry. Zora is the most recent example. Katie Haun’s new crypto fund, Haun Ventures, helped it raise $50 million in funding. Kindred Ventures and Coinbase Ventures were among the other participants. It’s worth mentioning that this was the…

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Argentina’s central bank issued a statement indicating that the country’s financial industry is not permitted to provide services connected to unregulated digital assets. This basically prohibits the use of cryptocurrency in the formal economy. The move comes only days after Banco Galicia and Burbank SAU, Argentina’s two largest private banks by market value, declared that their customers would be able to buy cryptocurrency ( Bitcoin, Ethereum, etc.). After receiving a $45 billion loan from the International Monetary Fund, the country has chosen to restrict the use of cryptocurrencies. The country takes a hard stance against digital assets as inflation rates…

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Bitcoin is compared to the early internet by Joe Rogan, presenter of The Joe Rogan Experience. “The government is panicking out,” he said, noting that bitcoin is now “a viable kind of cash” with which “you can actually buy stuff.” Joe Rogan, the presenter of The Joe Rogan Experience, discussed bitcoin on his show, which. Khalil Rountree Jr., a UFC light heavyweight competitor, is interviewed on the episode. Rogan told Rountree, I think about Bitcoin the same way I think about the early internet.” He said the government “didn’t see it coming” and that they “didn’t see it coming. It’s…

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Local miners who use solar panels to power their supercomputers will pay less for electricity.According to reports, the government of Uzbekistan will allow local businesses to mine digital assets using solar energy. All crypto mining companies will also be excluded from paying income tax. The Central Asian country does not have a reputation for being a crypto-friendly location. Authorities prevented residents from purchasing digital assets at the end of 2019, but selling remained lawful. The former Soviet republic considered making a U-turn and easing some of its prohibitions nearly a year ago. Uzbeks would be able to perform “all forms…

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Former BitMEX CEO Arthur Hayes is requesting a non-incarceration sentence from a federal judge in Manhattan. The controversial cryptocurrency guru also wants to be able to travel freely across the world. Hayes and co-founder Benjamin Delo pled guilty to breaching the Bank Secrecy Act in February. In March, the third BitMEX executive, Samuel Reed, followed their lead. Hayes faces a maximum sentence of 12 months in prison under his plea agreement. The government has yet to submit sentencing recommendations to the court. According to Hayes’ lawyers, the case has had an extraordinary influence on his life. Hayes co-founded BitMEX in…

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Gucci, the rising Italian fashion house, has announced that it will begin accepting cryptocurrency payments in five of its US stores by the end of the month, with plans to expand the service to all of its 111 locations in North America. Gucci will accept Payments (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five US dollar stablecoins. Customers who pay with cryptocurrency in-store at the pilot locations in New York, Los Angeles, Miami, Atlanta, and Las Vegas will receive an email with a QR code that they may use to…

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Cryptocurrencies have clearly established themselves as a new asset class and it genuinely is something that people can’t ignore,” says an official at Wisdomtree, an asset management business with $78 billion under management. “We are passed the point where there is a question about whether or not this is a trend that will stick around,” he continued. During Ftadviser In Focus, Jason Guthrie, head of digital assets for asset management firm Wisdomtree in Europe, discussed cryptocurrency. Wisdomtree is a New York-based exchange-traded fund (ETF) and exchange-traded product (ETP) provider and asset management with subsidiaries in the United States and Europe.…

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Fairfax County, in Northern Virginia, has already invested a portion of its pension money in cryptocurrency and blockchain firms. It’s now considering a bigger role in Decentralized Finance (Defi) yield farming. Katherine Molnar, the chief investment officer of the Fairfax County Police Pension System, said on Tuesday at the Milken Institute Global Conference that the system plans to fund two new crypto-focused hedge fund managers within the next three weeks. A decision will be made in the coming days, and if granted, it will be the first time pension fund money has been utilized in Defi. Fairfax has committed seven…

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To commemorate the 20th anniversary of its Wildlife Warriors conservation initiative, Australia Zoo, a wildlife conservatory affiliated with the family of famed environmentalist Steve Irwin, has launched a non-fungible token (NFT) series on the green blockchain Algorand. Algorand has claimed that it is carbon neutral, charging just minor gas and transaction expenses that are then turned into carbon credits. Steve Irwin, dubbed “The Crocodile Hunter,” and his wife Terri Irwin founded Wildlife Warriors in 2002 as a way to involve “caring individuals” through conservation activities “in the preservation of injured, threatened, or endangered wildlife.” The NFTs will be utility-driven, randomly…

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LGT Bank (part of the LGT Organization) “the world’s largest family-owned private banking and asset management group,” has stated that it is “now offering direct investments in cryptocurrencies.  LGT is “owned by the princely House of Liechtenstein through the Prince of Liechtenstein Foundation and directed by its family members H.S.H. Prince Max von und zu Liechtenstein (CEO) and H.S.H. Prince Philipp von und zu Liechtenstein (chairman).” LGT Bank has announced a cooperation with SEBA Bank of Switzerland, which will “serve as broker and custodian to deliver this service. Bitcoin ($BTC) and Ether ($ETH) are the two crypto assets that LGT…

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