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The museum's director, Glenn Lowry, said the intention is to extend the digital reach of the museum after attendances slumped during and after the pandemic. The museum has a team of people keeping tabs on the digital art market and it is considering purchasing digital art connected to NFTs, Lowry
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Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets. According to an Aug. 10 report, crypto bridge RenBridge has facilitated the laundering of
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Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli),
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Summary: Voyager Digital has updated on the status of its customer’s USD and crypto. The crypto lending platform emphasizes that customers’ USD deposits are safe. Voyager states it has approximately $1.3 billion worth of crypto assets and $650 million in claims against Three Arrows Capital. The team has proposed a reorganization plan where its
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Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020. Powerful Kenyan Politician Assists the
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Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council Meets in Russia to Discuss Law ‘On Digital
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In its letter, the Bank of Russia said that allowing non-qualified investors to trade cryptocurrencies through banks will create "an illusion of government protection" while encouraging people to participate in a "de-facto Ponzi scheme," Forbes wrote. The government won't be able to fully control cryptocurrency transactions, and the crypto industry
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A U.S. federal judge is allowing the U.S. Department of Justice to liquidate approximately $56 million in proceeds seized from Glenn Arcaro, the lead promoter of a crypto lending program that defrauded thousands of investors out of an estimated $2 billion, the agency said Wedn Source
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Non-fungible tokens (NFTs) have been extremely popular in recent times as a great number of collections have been dropped and billions of dollars worth of NFTs have been exchanged. Just recently, a collection of NFTs stemming from the Smartbch protocol called “Poolside Puffers” was introduced to the Bitcoin Cash community.
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