Day: September 19, 2023

Circle launches USDC stablecoin on Polkadot Asset Hub

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USD Coin (USDC), the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot. USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm announced on Sept. 19. According to the Circle’s website, Polkadot USDC is immediately available for developers and users as the stablecoin can now be transferred to parachains in Polkadot via the XCM protocol using Circle Account and Circle APIs. According to the announcement, Polkadot USDC is natively issued on Polkadot Asset Hub, a…

Apple’s Woes in China Persist as Huawei Makes Huge Chip Breakthrough

Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the region, the giant tech firm now faces an additional challenge from a resurgent Huawei. That is because China’s biggest semiconductor manufacturer SMIC has made a remarkable breakthrough by producing a chip for the smartphone maker.…

XEC Token Spikes 15% In The Last Week, Can It Sustain Rally?

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XEC has continued its uptrend today, September 19, following a sharp spike from $0.000022 to a high of $0.000028 on September 18. This price move represents a nearly 23% increase. Although there’s been a slight pullback, its price remains around $0.000027. In the early hours of today, XEC traded at $0.000027, with a 15% 24-hour price increase.  But as of the time of writing, XEC traded at $0.000026, with a 4% decline in the last 24 hours. Nonetheless, its trading volume remains up by 311% in the last 24 hours,…

Indian state governments spur blockchain adoption in public administration

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Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration. What started as a flex statement for early adopters has now become a way of revamping legacy systems and improving immutability, transparency and decentralization. Despite its proven real-world use cases, most government agencies continue to take a cautious approach to adopting and infusing blockchain into their paper-based processes, given its predominant link to the cryptocurrency ecosystem. However, a change of heart is underway as emerging economies see blockchain…

Cøbra Can’t Fight $700K Craig Wright Legal Fees as an Anon, UK Judge Rules Again

On Monday, London High Court Justice Richard Smith dismissed Cøbra’s appeal on the November ruling saying that, although there are several reasons why parties would legally request anonymity, including threat to life, Cøbra’s reasons for not identifying themselves seemed “not only unworkable but also risked undermining the very principles of natural justice” because they sought to remain anonymous “not only against the public at large, but against the Claimant [Wright] and the court as well.” Original Source 700KAnonCobraCraigFeesFightJudgeLegalRulesWright CryptoX Portal

Lawyer Involved In Cryptoqueen’s OneCoin Scam Receives Shocking Response From Court

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The OneCoin scam saga has continued to linger despite it being years since it took place, and this time around, a lawyer who was involved in the pyramid scheme has received a rather shocking response from the court.  OneCoin Lawyer Denied Retrial According to a report by Bloomberg, a US court has denied Mark Scott’s request to be granted a new trial. The lawyer is said to have helped launder $400 million as part of the proceeds from the scheme and was found guilty by the court in November 2019…

Bitcoin (BTC) Adoption Fund Launched by Nomura

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“Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital,” said Sebastien Guglietta, head of Laser Digital Asset Management. “Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend.” Original

Hong Kong Chief Executive Vows to Strengthen Crypto Regulations Following JPEX Fraud Allegations

The Hong Kong Securities and Futures Commission, in their statement regarding the arrest of the alledged fraudsters, pointed out that JPEX was not licensed and lacked the authority to host a cryptocurrency trading platform within the community. Hong Kong police arrested six individuals in connection with allegations of fraud related to an unlicensed cryptocurrency exchange known as JPEX. According to the securities, this exchange was operating without the necessary license and authorization. Consequently, Hong Kong’s Chief Executive, John Lee, made an announcement on Tuesday, stating that the territory is poised…