Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,410,240,500,966.65
  • 24h Vol: $53,306,364,294.09
  • BTC Dominance: 56.56%

Payments

do-kwon’s-terraform-sent-$7-million-to-law-firm-before-collapse,-report-unveils

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

Leave a Comment / Bitcoin, ceo, Charges, co-founder, collapse, Crash, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, do kwon, embezzlement, Ethereum, Fraud, Investigation, Kim & Chang, law firm, Lawyers, LUNA, money, Montenegro, News, Payments, Prosecutor's, Singapore, South Korea, south korean, Stablecoin, Terraform, terraform labs, TerraUSD, transfers / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean […]

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils Read More »

dollar-to-play-lesser-role-due-to-its-weaponization,-digital-currencies,-economist-jeffrey-sachs-says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Leave a Comment / Banking system, banks, Bitcoin, CBDC, CBDCs, Crypto Hacked, Cryptocurrency, Digital Currencies, Digital Currency, Dollar, economics professor, Economist, Ethereum, Finance, Jeffrey Sachs, Payments, renminbi, ruble, rupee, Settlements, U.S., U.S. dollar, U.S. economy, US, US Dollar, world economy, Yuan / / / , , , , , , , , , , , , , , , , , , , , , ,

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

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digital-euro-key-for-european-payment-autonomy,-ecb-president-lagarde-says

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

Leave a Comment / Apps, Autonomy, Bitcoin, cards, Cash, CBDC, Central Bank, Christine Lagarde, Crypto Hacked, Cryptocurrency, Digital Currency, digital euro, ECB, Ethereum, Euro, euro area, Europe, european, European Central Bank, Eurozone, Finance, Lagarde, monetary authority, payment, payment autonomy, Payments, President, sovereignty, Wallets / / / , , , , , , , , , , , , , , , , , , , , , , , ,

The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards

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ftx-debtors-reveal-$6.8-billion-hole-in-balance-sheet-amidst-financial-discrepancies-and-payments-to-insiders

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

Leave a Comment / $6.8 Billion, accounting discrepancies, Alameda Research, Amazon Web Services, american express, AWS, Bankruptcy, Bitcoin, conglomerate, counterparties, Crypto Hacked, Cryptocurrency, debt, debts, Ethereum, Fairview Asset Management, financial discrepancies, ftx, insiders, Jimmy Buffett, liabilities, Margaritaville Beach Resort, Meta, News, Payments, political donations, quantitative trading, Quickbooks, Sam Bankman-Fried, Spotify, Stripe, third-party loans, Trulioo, Turner Network Television, unpaid invoices, Vendors / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders Read More »

china’s-wechat-adds-support-for-digital-yuan-payments

China’s Wechat Adds Support for Digital Yuan Payments

Leave a Comment / Alibaba, Alipay, App, application, Bitcoin, CBDC, China, chinese, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Currency, Digital Yuan, e-CNY, Ethereum, Fintech, integration, messenger, payment app, payment platform, Payments, PBOC, Social Media, tencent, update, WeChat, WeChat Pay / / / , , , , , , , , , , , , , , , , , , , , , , , ,

Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay in Integrating Payments With Digital Yuan The

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stanford-alumni-revealed-as-co-signers-of-ftx-co-founder’s-$250m-bond

Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond

Leave a Comment / $250 million bond, alameda, Andreas Paepcke, ankle bracelet, bail bond, Barbara Fried, Bitcoin, cancer, co-signers, co-signers FTX, comments, computer science, Crypto Hacked, Cryptocurrency, Customer Funds, data analytics, Dean, effective philanthropy, Ethereum, financial misconduct, fraud case, ftx, Hewlett Foundation, Joe Bankman, Larry Kramer, Manhattan, new york judge, News, Payments, Privacy, redacted, research scientist, Sam Bankman-Fried, Stanford Law School, Stanford University, Stanford University alumni, Stanford University members, Trial, Twitter / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted from court documents are Stanford University alumni Larry Kramer

Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond Read More »

china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

Leave a Comment / Alternative, Bank, banks, Bitcoin, Blockchain, Blockchain Project, CBDC, CBDCs, China, chinese, CIPs, cross border, Crypto Hacked, Cryptocurrency, Digital Currencies, Ethereum, Finance, foreign trade, Interbank, international, Payments, Red Date, Settlements, SPFS, Stablecoins, Swift / / / , , , , , , , , , , , , , , , , , , , , ,

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red

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bank-of-spain-greenlights-euro-backed-stablecoin-token-pilot-program

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program

Leave a Comment / Alex Saiz Verdaguer, Bank of Spain, Bitcoin, Blockchain, Crypto Hacked, Cryptocurrency, digital euro, Ethereum, EURM, Euro, European Central Bank, Fintech, MONEI, Payments, Polygon, Stablecoin / / / , , , , , , , , , , , ,

The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of

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davos-2023:-banking-panel-reinforces-the-need-for-crypto-regulation

Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation

Leave a Comment / Bank of France, banking in the eye of the storm, Basel, basel committee, Bitcoin, CBDC, Crypto Hacked, Cryptocurrency, davos 2023, Ethereum, François Villeroy de Galhau, News, panel, Payments, Singapore, Tharman Shanmugaratnam, WEF / / / , , , , , , , , , , , , ,

A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking to offer products similar to

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sao-paolo-court-ruled-against-binance-in-user-withdrawal-related-case

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case

Leave a Comment / Binance, Bitcoin, capitual, Central Bank of Brazil, courts, Crypto Hacked, Cryptocurrency, Ethereum, Exchanges, Judge Rafael Almeida Moreira de Souza, Payments, pix, sao paolo, sim;paul, sim;paul investimentos / / / , , , , , , , , , ,

A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court decision

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