Author: Dren.H

Content Writer | Researcher | Crypto Enthusiast

The U.S. Secret Service DATA Squad utilizes personalized NFTs to demonstrate their involvement and expertise in cryptocurrency. The U.S. Secret Service, well-known for its protective duties, recently stirred curiosity with its unconventional involvement in the world of non-fungible tokens (NFTs). The San Francisco Field Office’s “Digital Asset Technology Alliance” (DATA) Squad maintains a unique collection of NFTs on OpenSea. This venture signifies the agency’s active engagement with and understanding of the dynamic blockchain technology and cryptocurrency landscape. The Purpose Behind the Secret Service’s NFT Collection The public first got wind of the Secret Service’s foray into the NFT space during…

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The UK Law Commission recommends a tailored legal framework to accommodate crypto as collateral and boost digital asset growth. In a landmark move, the Law Commission in the UK, a body constituted of legal scholars and funded by the Ministry of Justice, proposes an innovative framework aimed at incorporating crypto into the legal structure. They suggest a specific mechanism for using digital assets as collateral, recognising the unique attributes of crypto in the UK landscape. This latest proposal by the commission is a direct result of the first-ever governmental analysis in the UK exploring the ability of existing legal frameworks…

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Cryptocurrency market dynamics shift as regulatory approvals, Bitcoin whales’ activities, and rising interest rates influence Bitcoin and NFT trends BlackRock, the world’s largest asset manager, has set the cryptocurrency sector ablaze by filing an application for a Bitcoin Exchange Traded Fund (ETF) with the U.S. Securities and Exchange Commission. The move sparked a rally that saw Bitcoin’s value surge over 15% in a single week, its most substantial weekly gain since March. Bitcoin, consequently, crossed the $30,000 mark for the first time since April. This optimism stems from the hope that a Bitcoin ETF by such a colossal financial institution…

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FTX faces lawsuits and bankruptcy amidst connections to a mysterious Ethereum address involved in significant crypto events. FTX Pursues Ex-Clinton Aide’s Firm for $700 Million The now-bankrupt cryptocurrency exchange, has initiated legal action against Michael Kives, a former assistant to Hilary Clinton, and his investment firm K5 Global. The lawsuit aims to recover $700 million, asserting these funds were improperly invested with FTX money. The Complaint Against K5 Global FTX’s court filing in the Wilmington, Delaware, bankruptcy court portrays the exchange’s founder, Sam Bankman-Fried, as an extravagant spender. The company alleges that Bankman-Fried lavished Kives, K5 Global, and K5 co-founder…

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Federal agencies in Arizona form a task force to combat darknet and crypto crimes, aiming to disrupt criminal organizations. On June 15, federal law enforcement agencies in Arizona officially established the Darknet Marketplace and Digital Currency Crimes Task Force. Key players including Homeland Security Investigations (HSI) Arizona, U.S. Attorney’s Office, IRS Criminal Investigation, U.S. Drug Enforcement Administration, and U.S. Postal Inspection Service finalized a memorandum of understanding to strengthen their collaborative efforts. Strategies Against Darknet Crimes Since 2017, the federal agencies involved have been actively concentrating on the darknet and the escalating cryptocurrency-related criminal activities. Modern technology and its constant…

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Do Kwon is facing trial for passport fraud amidst international intrigue and alleged political interference. In a recent development related to the dramatic crash of cryptocurrencies Terra and Luna, Hyeong Do Kwon, CEO of Terraform Labs, has dismissed allegations of passport forgery. Arrested in Montenegro with a falsified Costa Rican passport, Do Kwon asserted that he got his passport through a Singapore agency, which a friend of his recommended. Do Kwon’s Explanation Do Kwon received this passport through an agency based in Singapore, as recommended by a close acquaintance. He explained that he previously applied for a Grenada passport through…

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Bitcoin NFTs are rapidly making a mark in the crypto universe, introducing exciting prospects for the pioneering blockchain and digital art enthusiasts.  Conventionally, NFTs were minted and traded on Ethereum-oriented platforms, with a few others branching into blockchains like Cardano and Solana. However, an innovative protocol called Ordinals came into existence in January 2023, thanks to the efforts of former Bitcoin Core contributor Casey Rodarmor. Rodarmor took advantage of the 2021 Bitcoin Taproot upgrade to diversify Bitcoin’s capacities and pave the way for on-chain Bitcoin NFTs. With a revolutionary concept named Ordinals, the Bitcoin ecosystem is setting new horizons. While…

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Ripple’s release of William Hinman emails reveals SEC’s internal discord over crypto regulation, though they offer limited legal advantage to Ripple and XRP. Following intense legal battles, Ripple, the cryptocurrency platform, unveiled a trove of emails by former Securities and Exchange Commission (SEC) director, William Hinman. These emails pertained to Hinman’s 2018 speech in which he declared Bitcoin and Ethereum as non-security assets. Despite the high expectations surrounding the release of the Hinman emails, they offered little new evidence that could assist Ripple in its ongoing lawsuit against the SEC. The conversations within Hinman’s emails primarily revolved around preparation for…

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In a recent interview, Coinbase CEO Brian Armstrong discussed regulatory complexities, company strategies, and the future of the crypto industry. The CEO of leading cryptocurrency exchange, Coinbase, recently participated in an extensive discussion. He shed light on a myriad of topics central to the crypto space, offering valuable insights on regulatory challenges, their implications, and future strategies for navigating the evolving landscape. Understanding Cryptocurrency Regulation The Coinbase CEO reflected on the complex nature of the cryptocurrency industry and the regulatory issues that come with it. This ambiguity primarily arises from the varying nature of digital assets, which can fall under…

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Valhil Capital’s research suggests that the fair value of XRP may be between $3.5K and $22K, affected by the ongoing Ripple-SEC lawsuit. As per recent revelations by Jimmy Vallee, the Managing Director at Valhil Capital, and Molly Elmore, the Blockchain Businesses CMO of Valhil Capital, the current price of XRP, the native cryptocurrency of the Ripple network, may be severely undervalued. The duo has conducted an extensive two-year research and published a Whitepaper stating that XRP’s fair value should range between $3.5K to $22K, rather than its present market price. Elmore made the comprehensive research paper available to the public…

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