Do Kwon faces fraud charges from US prosecutors hours after arrest

[ad_1] Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg.Filip Adzic, minister of interior of Montenegro on March 23 on Twitter confirmed that an individual suspected of being the former

The world could be facing a dark future thanks to CBDCs

[ad_1] During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for people to maintain their financial freedom and privacy in a system that had let them down. However, the rise of central bank digital currencies (CBDCs) raises serious concerns about privacy and freedom.One of the most significant concerns with CBDCs is

Bank profits at risk from potential CBDC transformation of global economy: Moody’s

[ad_1] Emerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper and safer services for many of its players. But banks may not fare as well in that new economy, Moody’s Investor Service said in a report dated March 21.Many proposals for the domestic use of CBDCs foresee a crucial intermediating role for banks in their operations, but cross-border CBDC transactions would

Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells Notice

[ad_1] Brian Armstrong, the chief executive officer of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.”In a March 23 Twitter Spaces discussion, Armstrong said Coinbase would be making efforts to organize the roughly 50 million U.S. citizens who use crypto into a political force. His statement followed the U.S. Securities and Exchange Commission issuing a Wells Notice to the crypto exchange, suggesting a

Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday’s $1.2B options expiry

[ad_1] Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis.Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April 2020 and April 2022, and some have used the information to profit from the $1.2 billion in BTC options

FTX debtors agree to $95M sale of stake in Mysten Labs

[ad_1] The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain.In a March 22 filing in United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and the company would agree to a mutual release of claims. As part of the agreement, the debtors planned to

Arbitrum airdrop sells-off at listing, but traders remain bullish on ARB

[ad_1] The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1.At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time

Sygnum sees increased crypto firm inquiries after US banking giants collapse

[ad_1] Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.Dominic Castley, chief marketing officer at Sygnum, told Cointelegraph in an email that they are receiving more onboarding inquiries from crypto firms based in various jurisdictions looking to bank with them. He explained:“Over the past weeks, as the

7 artificial intelligence examples in everyday life

[ad_1] Artificial intelligence (AI) is becoming increasingly important in our daily lives. AI can automate routine and time-consuming tasks, allowing us to focus on more important activities. In addition, AI algorithms can analyze vast amounts of data to personalize products, services and experiences. Moreover, AI is driving innovation in various industries, such as finance, retail and education.Here are seven artificial intelligence examples in everyday life.Personal AssistantsAI-powered personal assistants, such as Siri, Google Assistant and Amazon

Bitcoin erases Fed losses as traders eye $40K BTC price target

[ad_1] Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin shrugs off Coinbase, Do Kwon arrestData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp.The pair kept the volatility coming as the dust settled on the prior day's interest rate decision and