Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro

According to a post from Filip Adzic, minister of the interior of Montenegro, an individual suspected of being Terra co-founder Do Kwon has been arrested within the territory of the Balkan nation on March 23. Since the announcement was first made, local news outlet Vijesti has confirmed that the Twitter account that made the announcement is from the minister of the interior of Montenegro and that the individual arrested was a South Korean national.  The same day, South Korean local news outlet Yonhap News Agency said authorities confirmed based on “photo…

US enforcement agencies are turning up the heat on crypto-related crime – Cointelegraph Magazine

On the evening of Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the United States Department of Justice (DOJ) unsealed a complaint in federal court charging him with “conducting a money transmitting business that transported and transmitted illicit funds.” According to the DOJ, Bitzlato failed to meet U.S. regulatory safeguards, including Anti-Money Laundering requirements.  Less than a month earlier, former FTX CEO Samuel Bankman-Fried was arrested in the Bahamas. In a statement, U.S. Attorney General Merrick Garland said, “The Justice Department…

UAE central bank signs deal for CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC) — the digital dirham — for domestic and cross-border payments. According to an announcement on March 23, the CBUAE signed an agreement with Abu Dhabi’s G42 Cloud and digital finance services provider R3 to be the infrastructure and technology providers of the CBDC implementation. In addition to addressing the challenges of domestic and cross-border payments, the central bank says it will also help boost financial inclusion as the country looks to…

Arbitrum’s ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop

The official claim for the token went live at the Ethereum block height of 16,890,400 at 13:05 UTC. The claim website went down under heavy traffic, as did the blockchain’s block explorer. Arbitrum, which started operating in 2021, is the largest layer 2 blockchain on Ethereum, achieving scalability by using a technique called transaction rollups, which sends batches of transactions to the Ethereum mainnet. Source

Arbitrum Site, Blockchain Scanner Down Ahead of ARB Airdrop

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BTC Below $28,000, ETH Falls Under $1,800 Following Fed Rate Hike – Market Updates Bitcoin News

Bitcoin moved below $28,000 on Thursday, as markets reacted to the latest Federal Reserve interest rate hike. The Fed opted to increase rates by 25 basis points (bps) as many had anticipated, and signal one more hike this year. Ethereum was also lower on the news, falling below $1,800. Bitcoin Bitcoin (BTC) dropped below $28,000 on Thursday, as markets continued to react to the latest Federal Reserve rate hike. The Fed moved to increase rates by 25 basis points, whilst signaling that no cuts will be made this year. BTC/USD…

Crypto reform coming to US in 2023, says former White House chief of staff

In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility. “Democrats aren’t all on one side; Republicans aren’t all on the other side,” said Mick Mulvaney — budget director and later acting White House chief of staff from January 2019 to March 2020 — further explaining: “I do think in this Congress, which…

SEC promotes self-custody and DeFi staking

Staking on centralized exchanges and staking in decentralized finance (DeFi) are two distinct methods of participating in blockchain networks and earning rewards. While both involve holding onto and “staking” assets, the way they operate and the benefits they offer are different. Centralized exchanges offer staking as a way for users to earn rewards by holding onto specific cryptocurrencies within the exchange. The exchange acts as a centralized intermediary, meaning users have to trust the exchange to hold and secure their assets, as well as to distribute rewards accurately. On the…

The complicated relationship of ethics in Web3: PBW 2023

Web3’s pervasiveness into mainstream industries has begun to raise questions about the ethics needed to operate in the space. During the second day of Paris Blockchain Week (PBW) 2023, a group of professionals from the ecosystem took the Venus de Milo stage to discuss the “Ethics of Web3.” The panel kicked off with moderator Moojan Ashghari, co-founder of Thousand Faces Web3 investment club, saying that the ethical framework or standard of technology will always lag behind the introduction of the technology. “This is the biggest challenge of ethics — what…