Author: NBTC

A South Korean civil servant has been charged with allegedly embezzling over $400,000 from government funds and using some of it to invest in cryptocurrencies. According to a Yonhap News Agency report, the Cheongju District Prosecutors’ Office announced that they had arrested and charged an unnamed grade six civil servant working at Cheongju City Hall. The accused, in their forties, is accused of misappropriating approximately 600 million won (around $438,000) over a seven-year period beginning in January 2017. Prosecutors state that a portion of these funds was used to purchase cryptocurrencies and trade stocks. According to the indictment, the civil…

Xaman Wallet collaborates with Immersve, a global web3 card issuing platform and principal member of Mastercard, to launch self-custodial web3 cards. Xaman Wallet, formerly known as Xumm Wallet, has announced its partnership with Immersve to roll out a self-custody web3 cards powered by Mastercard. Xaman Wallet announced the partnership in an August 15 post on X, quoting an Immersive tweet to the XRP community. The disclosure spotlighted a new functionality that will power the web3 MasterCard experience. XRP community figure Eri reacted to the collaboration between Xaman Wallet and Immersve, congratulating Jerome Faury, the founder of Immersve, on the milestone.…

INTO has announced its partnership with Atleta Network, a cutting-edge blockchain platform specifically designed for the sports industry. Atleta Network is an L1 EVM-compatible blockchain. It means that seamlessly integrates with Ethereum-based applications. This feature makes the platform more flexible and efficient for users in the sports world. We’re thrilled to partner with @Atleta_Network , the L1, EVM-compatible blockchain designed specifically for the sports industry! 🤝⚽️Atleta Network brings native DeFi apps, interoperability integration, and a secure massive data layer, making it a game-changer in the sports… pic.twitter.com/nwBMC0B5pw — INTO (@intoverse_) August 17, 2024 To better appreciate how Atleta Network is…

Bitcoin Bitcoin and crypto prices have swung wildly this week as iPhone maker Apple announces a game-changing update to its Wallet app. The bitcoin price has bounced between $70,000 per bitcoin and $50,000 over the last few weeks as traders brace for a fresh U.S. crypto crackdown. Now, as former U.S. president Donald Trump floats a radical plan to pay off the U.S.’s $35 trillion debt pile with bitcoin, one legendary trader has predicted Treasury secretary Janet Yellen’s liquidity bombshell could be blown out of the water by China. Sign up now for the free CryptoCodex—A daily five-minute newsletter for…

TON Ventures, the first venture funding project of the prominent TON Blockchain, invests in GAMEE. GAMEE, the subsidiary gaming platform of Animoca Brands, discloses the major funding from The Open Network (TON) Ventures through its official X account. This funding will empower the GAMEE ecosystem and its Mini App, WatBird. Our subsidiary GAMEE (@GAMEEToken) has received an investment from @TON_Ventures, the first venture fund of @ton_blockchain. pic.twitter.com/hQkVD6oOxV — Animoca Brands (@animocabrands) August 17, 2024 GAMEE To Integrate the TON’s Digital Assets to Its Telegram Mini App GAMEE, the leading Web3 and mobile phone gaming platform will receive funding from the…

A whale has recently gone through huge losses. SpotOnChain, a famous crypto analytics firm, has revealed a distressing story of a big investor who incurred substantial losses on a memecoin due to a mistake. The analytics company took to its official X account to disclose the details of the respect sad event. What a sad story!2 hours ago, a whale deposited 519B $PEPE ($5.11M) to #Binance at an est. loss of $207K (-3.9%).The whale accumulated these $PEPE tokens before the ATH in late May and could have made a $3.47M profit had it unloaded during the pump!Besides losing in PEPE,……

According to a recent report by the organization “Transparency International Russia”, there have been frequent cases of money laundering between Russia and the UK through the illegitimate use of crypto and digital payments. The research highlights the vulnerability of institutions that find themselves having to face an increasingly expanding phenomenon, despite the AML control numbers. A wide range of financial companies execute substantial movements of electronic money through multiple corporate accounts and off-shore entities, making supervision by the competent authorities complex.Let’s see all the details below. Some regulatory gaps facilitate money laundering between Russia and the UK E-payments and money…

P2P.org, a prominent non-custodial staking provider, has integrated with Leap Wallet, a popular non-custodial crypto wallet focused on the Cosmos ecosystem, according to the firm’s announcement on Friday. Leap Wallet users can now directly access P2P.org’s staking services for dYdX (DYDX) and Celestia (TIA) tokens. “This integration with Leap Wallet expands our reach, making our non-custodial staking solutions more accessible than ever,” said Alex Esin, CEO at P2P.org. “By leveraging Leap Wallet’s capabilities, we’re enabling users to securely stake their assets and participate confidently in the blockchain ecosystem,” he noted. With the collaboration, Leap’s users can directly access P2P.org‘s staking…

Zulu Network has collaborated with Tuna Chain to improve dApp development and network security. The goal is to enhance the developers’ dApp development process while keeping their data safe with Bitcoin’s top security features. Tuna Chain is the first modular Layer 2 solution built on Bitcoin. It employs a ZK-OP hybrid approach to seamlessly integrate Ethereum’s EVM (Ethereum Virtual Machine) capabilities into the Bitcoin network. 🔥 @Zulu_network is teaming up with @TunaChain, an innovative modular L2 on #Bitcoin.💥 This collaboration allows #Zulu developers to build more complex dApps while benefiting from Bitcoin’s unmatched security. 🔽VISIThttps://t.co/GivQMBJIVS pic.twitter.com/i0fiNuvZ4i — L2 Space (@Layer2_Space)…

Investment giants Goldman Sachs and Morgan Stanley have announced that they have a combined $600 million in US spot Bitcoin ETFs. The announcement is a sign of significant optimism in the crypto industry, suggesting that institutional adoption is increasing and paving the way for large companies such as America’s major public pension funds to enter the market. Dramane Meite, US and European product manager at crypto asset manager Hashdex, said these statements from investment banks “point to a new consensus” regarding the validity of cryptocurrencies. ETFs have always been eager to attract investment from public pension funds, which control a…