Author: CryptoHoppers
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
A troy ounce is a unit of measurement that’s predominantly used for precious metals such as gold, silver and platinum. The troy ounce is different from the avoirdupois ounce, which is used to measure the weight of food and other items in the United States. Key highlights: The troy ounce is equivalent to 31.103 grams. The avoirdupois ounce (more commonly referred to simply as the “ounce”) is equivalent to 28.349 grams. The troy ounce can be abbreviated to “t oz”, “oz t”, or “ozt”. The troy ounce is a part of the troy weighting system, which is most likely named…
Crypto Exchange Jupiter has identified a malicious chrome extension, “Bull Checker” after the trading platform received complaints from users using Solana DeFi that got drained over the last weeks. The notorious chrome extension was found to have attacked users on many Solana-focused subreddits, and had the permission to read and change all the data on the website, as a potential cause. Jupiter informed users saying, “Users with this extension would interact with the dApps as per normal, have the simulation show up as normal, but have the possibility of their tokens being maliciously transferred to another wallet upon transaction completion.”…
Orderly Network is a DeFi platform that combines an orderbook-based trading infrastructure with a robust liquidity layer. Unlike traditional exchanges, Orderly operates as a backend infrastructure, enabling developers and businesses to build powerful trading applications without starting from scratch. Its key innovation lies in merging the high performance of centralized exchanges with the principles of decentralization, offering on-chain settlements and self-custody of assets. Orderly’s DEX white-label solution allows builders to create trading platforms efficiently, accessing pre-established liquidity and professional-grade infrastructure. The platform’s vision extends to creating an omnichain protocol, aiming to seamlessly connect traders across different blockchain networks within a…