[ad_1] Russian commodities firms are reportedly using the top stablecoin USDT to execute financial transactions with Chinese companies. Bloomberg, citing “top executives at the companies,” reports that at least two metals producers in Russia use the Tether-issued stablecoin and other crypto assets to facilitate cross-border transactions with clients and suppliers in China. The companies, which are not sanctioned, also reportedly sometimes route settlements through Hong Kong. China didn’t sanction Russian companies in the wake of Russia’s invasion of Ukraine in 2022, but Chinese lenders have still reportedly tightened their compliance measures due to the possibility of secondary sanctions for working…
Author: dfrancis36
[ad_1] BNB price started a recovery wave from the $585 support zone. The bulls must clear the $600 resistance zone to push the price into a positive zone in the near term. BNB price extended losses and tested the $585 support zone. The price is now trading below $600 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $595 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could start a fresh increase if it stays above the $585 support. BNB Price Holds Support After…
[ad_1] Mastercard Inc. (NYSE:MA) has launched a new service called “Crypto Credential,” aimed at enhancing the security and ease of peer-to-peer crypto transactions across various European and Latin American countries. This service enables users to create a Mastercard username for sending and receiving Bitcoin and other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, operating in regions like Brazil, Argentina, and France. Walter Pimenta, Mastercard’s Executive Vice President of Product and Engineering for Latin America and the Caribbean, highlighted the need for secure transactions in the expanding blockchain and digital assets space. “With the rising interest in blockchain…
[ad_1] Terraform Labs and its Founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following allegations of fraud surrounding the collapse of the stablecoin TerraUSD, Reuters reported. The agreement, disclosed on a court website, arrived after a jury found Kwon and Terraform Labs liable for civil fraud charges in April.The SEC had accused the company and Kwon of misleading investors in 2021 about the stability of TerraUSD, a stablecoin designed to maintain its value to $1. Additionally, they were accused of falsely claiming that Terraform’s blockchain was utilized in a popular Korean mobile payment…
[ad_1] Unchained and the University of Austin (UATX) have announced their collaboration to hold Bitcoin in the University’s long-term endowment. In a groundbreaking partnership, Unchained and the University of Austin @uaustinorg are launching the first long-term endowment fund held in #bitcoin. https://t.co/6KZO7YiBBo— Unchained (@unchainedcom) May 30, 2024 “I’ve been very passionate about what UATX is building in Austin,” said Joseph Kelly, CEO and co-founder of Unchained, who has personally donated 2 BTC to kickstart this campaign. “I’ve seen the values the organization places on free speech and on building a modern academic institution that’s integrated with the marketplace, and I’m thrilled to…
[ad_1] A widely followed crypto analyst believes one artificial intelligence (AI) focused altcoin project is about to outperform the broader market. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that decentralized GPU rendering blockchain Render (RNDR) has a strong-looking market structure. “RNDR: still a fine place to just buy and hold RNDR in my opinion. I think this is a strong one in the coming weeks. No volatility on it though so it’s a bad active trading vehicle.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests Render is holding the middle…
[ad_1] In an extraordinary turn of events, two hackers have successfully cracked the long-forgotten password of a digital wallet, leading to the recovery of approximately $2 million worth of Bitcoin (BTC). Lost Bitcoin Fortune Unlocked As reported by Wired, the story began in 2013 when an individual known by the alias “Michael” securely stored his Bitcoin holdings in a password-protected digital wallet. Unfortunately, over time, he lost access to the wallet due to a corrupted file containing the 20-character password generated using the RoboForm password manager. Despite his efforts to prioritize security, Michael’s concerns about potential hacking led him to…
[ad_1] This is an opinion editorial by Bitcoms, a Bitcoin writer. “So quick bright things come to confusion” –William Shakespeare, “A Midsummer Night’s Dream” “Inscriptions” are a way of writing pieces of arbitrary information onto the Bitcoin blockchain. “Ordinals” are a convention used for tracking individual sats and linking them to inscriptions. This article does not attempt to argue for or against Bitcoin Ordinal inscriptions. Rather, it argues against the confusing, inaccurate and sometimes dubious ways they can be presented, marketed and sold. It deals with a widespread fallacy which insinuates that ownership of Ordinal inscriptions is enforced and protected…
[ad_1] NodeMonkes, the leading Bitcoin-based NFT collection, once again led CryptoSlam’s daily sales chart on Wednesday, achieving US$935,770 in sales. This marks the second time NodeMonkes has topped the sales chart this week. The recent surge has propelled NodeMonkes’ cumulative sales volume to US$229.06 million, placing it 26th on the all-time sales chart, surpassing the Avalanche-based Crabada. The second highest-performing collection of the day was Guild of Guardians Avatars on Immutable, with daily sales reaching US$693,704, moving up from third place the previous day. In third place, DMarket on the Mythos chain recorded daily sales of US$672,737. Just outside the…
[ad_1] Kabosu, the Japanese Shiba Inu who became the face of the popular cryptocurrency Dogecoin, passed away at the age of 18 years. Her owner, Atsuko Sato, announced the news in a heartfelt blog post last Friday.Kabosu became an internet icon as the face of Dogecoin, a cryptocurrency that started as a joke but grew into a major player in the digital currency world. Launched in 2013, Dogecoin was a satirical take on the burgeoning crypto market, but it gained real traction and value when Tesla CEO Elon Musk began tweeting about it in 2020. Musk’s tweets brought significant attention…