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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department Sanctions Crypto Mixer The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Friday that it has sanctioned crypto mixer Blender.io (Blender). According to the OFAC, this mixing service is used by the Democratic People’s Republic…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Paul Brody of EY explains why bitcoin is, in some ways, “better than gold.” ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
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Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be crafted for the Sony Spatial Reality Display and are designed for three-dimensional viewing. Sony 3D NFTs to Enhance Spatial Reality Display Features The Japanese multinational conglomerate corporation Sony is working with Theta Labs, the creators of the Theta blockchain. The Theta project is described as a decentralized video streaming network or video delivery network with its own native crypto asset, theta network (THETA). According to…
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Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for the month of May. Defi Lending Protocol Anchor’s Earn Rate Adjusts Downward The lending platform Anchor Protocol is the third-largest defi protocol today with $16.5 billion total value locked (TVL). Statistics show that during the…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the Berkshire Hathaway annual meeting, nicknamed the “Woodstock for Capitalists.” The Omaha, Nebraska, event gives shareholders a chance to hear the legendary pair discuss investing, their economic outlook and life. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price…
Summary: Bitcoin could find a floor at $28k based on its correlation to the S&P 500 $28k also happens to be close to Bitcoin’s current Metcalfe value of $29k Bitmex’s Arthur Hayes had previously warned of a drop to $30k by the end of June Short-term sellers have dominated Bitcoin’s decline in the last few days The number one digital asset of Bitcoin (BTC) could find a floor at the $28k price area. This is according to a forecast shared by Timothy Peterson of Cane Island Alternative Advisors, who also…