The Tandera Militia, a notorious Brazilian criminal organization formed in the 1980s and allegedly commanded by Danilo Dias Lima, has been accused of laundering money through an obscure domestic cryptocurrency exchange. Brazilian militias are illegal paramilitary groups usually made up of former soldiers and police officers. Government officials claim that Lima has used militia funds
The cryptocurrency market has witnessed a trend where many new projects are focusing on environmental or social causes. Chimpzee is one such project that seeks to address critical issues like wildlife conservation and climate change while simultaneously offering users a chance to earn passive income. Chimpzee provides a range of powerful features, including Shop-to-Earn, Trade-to-Earn,
A new bill proposed by New York lawmaker Latrice Walker suggests using fiat-collateralized stablecoins as a valid method for bail bond payments. The bill aims to add fiat-backed stablecoins to the existing payment options such as cash, insurance bonds, and credit cards. Stablecoin Inclusion The proposed New York Assembly Bill 7024 does not mention any
The impact of AI technology in digital industries is continuously growing. In February, the choppy AI narrative exploded onto crypto markets. However, the focus seems to be shifting towards emerging AI presales. Render (RNDR), a decentralized platform, is a market-leading project that aims to connect unused GPU capacity with the demands of emerging Web3 and
Bitcoin’s price remained weak as it headed towards $27,000 after the May 11 Wall Street open, with bulls failing to show strength. The digital currency was at risk of further loss of support as it struggled to recover from local lows seen the day prior. Despite the bullish cues offered by new United States macro
Coinbase has received backlash after a customer email claimed Pepe represented hate ideology. The email contained a screenshot of the “What You Should Know About PEPE” section, which stated the meme coin had been released three weeks ago with a supply of 420 trillion tokens. The email briefly explained Pepe’s origins and then claimed the
Donald Trump, the former President and potential 2024 Republican presidential candidate, has advised Republican lawmakers to let the United States default on its debt obligations if Democrats do not agree to spending cuts. During a televised CNN Town Hall on Wednesday, Trump advised Republican congressmen and senators to demand massive spending cuts, saying that they
Reports emerged in July 2022 that Huobi founder Leon Li was seeking to sell over 50% of the company due to the challenging regulatory landscape and a market downturn. By November 2022, Li had sold his controlling stake to a buyout firm, which was brokered by About Capital Management HK. Rumors circulated that TRON founder
London-based cryptocurrency lender Nexo has been facing legal issues in various countries, including Bulgaria and the US. This has led the company to shut down two of its subsidiaries in the UK. Shut Down of UK Subsidiaries On May 11th, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down by the
Bitcoin’s weekly options expiry worth $900 million on May 12th may play a crucial role in determining whether the digital currency will drop below $27,000. There is a possibility that the BTC bears will take advantage of macroeconomic headwinds and uncertainty caused by Bitcoin’s transaction fee spike to pull the price down in the coming