Author: CryptoHoppers
Key Takeaways The DeFiant Ones DeFi platform was announced by Donald Trump Jr. to overhaul traditional financial systems. Over 42,000 subscribers joined the official Telegram group for updates on the Trump DeFi project. Share this article Donald Trump Jr. has revealed plans for a new cryptocurrency project that aims to operate outside traditional banking systems. The initiative, called “The DeFiant Ones,” was announced via the project’s official Telegram group.In his statement, Trump Jr. described the venture as a response to what he perceives as exclusionary practices in the mainstream financial sector. “These banks and the elites who run them want…
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […] Source link
Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind, is the Lead Architect of Tectum and SoftNote. He recently joined the Bitcoin.com News Podcast […] Source link
Michelle Bond, the partner of former FTX executive Ryan Salame, has been accused of violating U.S. campaign finance laws, according to an unsealed indictment. Ex-Congressional aspirant Michelle Bond was accused of financing her failed 2022 New York House campaign with money from an unspecified Bahamas-based crypto exchange. Per the unsealed document seen on Aug. 22, Damian Williams, United States Attorney for the Southern District of New York, argued that Bond injected at least $400,000 of illegal money into her candidacy from a “shame consulting agreement.” Bond was already involved with Salame at the time, and he worked for FTX crypto…
Key Takeaways AIIB’s debut digital bond, backed by blockchain, matures in 2027. Citi and BMO act as dealers and facilitators for AIIB’s $300 million bond issuance. Share this article Beijing-based Asian Infrastructure Investment Bank (AIIB) has raised $300 million in its inaugural bond issuance using blockchain-based tech from Euroclear, the same blockchain platform used by the World Bank.The AAA-rated note offers a 4% coupon and matures in January 2027. This was issued on Euroclear’s distributed ledger (DLT) platform. This marks the first time an Asia-based institution has utilized this blockchain-enabled system for bond issuance, and the first US dollar-denominated digital…
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency Seized […] Source link
Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle performances that paint a bullish picture for Bitcoin going forward. Bitcoin Could Rise 1,000% In a post on X (formerly Twitter), crypto analyst PlanB proposed that the Bitcoin bull run is far from over. The crypto analyst points to previous cycles and how the Bitcoin…
Toncoin (TON), the cryptocurrency tied to the popular messaging app Telegram, is gaining attention as its Masterchain hits a record 946 active addresses daily. This milestone has contributed to a nearly 9% rise in its value, standing out amid the broader market’s downward trend.TON Masterchain Hits All-Time HighAccording to CryptoQuant analyst Maartunn, the number of active addresses on the TON Masterchain has surged more than 7x since July 2021. This impressive growth indicates a rise in blockchain usage, leading to a boost in transactions and overall activity.The rise in active addresses also highlights the growth of the TON ecosystem. As…
Key Takeaways Binance is increasing its compliance workforce to 700 by the end of 2024. The company’s spending on compliance has risen to over $200 million annually. Share this article Binance plans to hire 1,000 employees this year, with a focus on compliance roles, as the crypto exchange’s annual regulatory compliance spending exceeds $200 million.The company’s chief, Richard Teng, evealed the employment goals during an interview with Bloomberg News in New York on Wednesday. The hiring initiative comes as Binance faces increased regulatory scrutiny and ongoing oversight from US agencies following a $4.3 billion settlement last year.Teng, who has a…
Nardos Bekele, CEO of NEPAD, believes AI can significantly benefit Africa by addressing various challenges and accelerating progress towards Agenda 2063. Although AI offers potential improvements in sectors like health, education, and agriculture, challenges such as fragmented digital infrastructure and ethical concerns hinder its adoption. Africa’s Agenda 2063 According to the head of an African […] Source link