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The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder … Read more
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of … Read more
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business. Go to Source Powered by WPeMatico
National security experts have raised the alarm bells over the “IS-NEWS #01″ NFT, which is being seen as the first case of an NFT created and shared by a “terrorist sympathizer.” Go to Source Powered by WPeMatico
Gold has historically been a reserve currency for many countries and an important wealth metric for economies. Today, it still plays an important role in each of these factors, but the issue of digitization of the precious metal has been rather slow and mostly confined to long-term storage solutions and not transactions themselves. With the … Read more
