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2022-04-15 22:53:02 Amazon Not Adding Cryptocurrency As Payment Option Anytime Soon, CEO Says

Amazon.com Inc chief executive officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC.

He also said it might be possible to sell non-fungible tokens (NFTs) on its e-commerce platform and expects NFTs to continue to grow "significantly."

Jassy said cryptocurrencies will become bigger in the longer term, but added he himself does not own any bitcoin.

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2022-04-15 16:40:48 U.S. officials link North Korean hackers to $615 million cryptocurrency heist

North Korean state-backed hacking collective Lazarus Group is linked to a massive cryptocurrency hack that led to the theft of $615 million in digital assets, U.S. officials allege.

According to crypto researchers, the identified wallet contains funds related to an attack on the Ronin Network, which supports the popular blockchain game Axie Infinity. More than $600 million worth of ether and USDC tokens were stolen in the attack.

Hackers initially swapped stolen USDC tokens for ether through unregulated decentralized exchanges to prevent it from being seized, but then laundered almost $17 million of the proceeds through centralized exchanges like FTX and Huobi.

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2022-04-13 10:33:01 U.S. hacker sentenced to 5 years in North Korea sanctions case

A cryptocurrency expert was sentenced Tuesday to more than five years in federal prison for helping North Korea evade U.S. sanctions.

Virgil Griffith, 39, pleaded guilty last year to conspiracy, admitting he presented at a cryptocurrency conference in Pyongyang in 2019 even after the U.S. government denied his request to travel there.

A well-known hacker, Griffith also developed “cryptocurrency infrastructure and equipment inside North Korea,” prosecutors wrote in court papers. At the 2019 conference, he advised more than 100 people — including several who appeared to work for the North Korean government — on how to use cryptocurrency to evade sanctions and achieve independence from the global banking system.

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2022-04-12 15:46:42 Shiba Inu (SHIB) Finally Listed by Robinhood

Meme cryptocurrency Shiba Inu appears to have been listed by commission-free investing app Robinhood. The meme coin now shows up on the official website, even though the company is yet to officially announce the new addition to its line-up.

The price of the SHIB token is up 8.3% on the news, outperforming the rest of the major coins amid lethargic market action. It is currently trading at $0.00002479 on the Binance exchange.

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2022-04-10 11:29:16 Mastercard prepares for the virtual economy filing 15 trademarks for the metaverse and NFTs

Global payment facilitator Mastercard International Inc. is moving into the metaverse as it looks to become a major player in the virtual economy.

Mastercard has submitted fifteen new trademark applications to register Mastercard, its "Circles" logo, and the "Priceless" slogan, according to a tweet sent out on April 8 by non-fungible tokens and metaverse trademark attorney Michael Kondoudis.Clearly, Mastercard sees the potential of the Metaverse and is preparing its trademarks and brand for the virtual economy that will dominate it.

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2022-04-06 23:45:03 Sbercoin, Russia’s largest bank trills out its cryptocurrency

Following the invasion of Ukraine, Russia’s largest bank, Sberbank, launched its own native cryptocurrency, the Sbercoin.

Russia has been battered by a barrage of sanctions since its invasion of Ukraine. It was eventually cut off from the majority of its foreign currency reserves as well as the global financial system. In the midst of it all, Russia’s largest bank, according to local media, announced the launch of a cryptocurrency.

Sberbank was placed on the central bank’s register, along with financial ecosystem Lighthouse, permitting both companies to issue and trade digital assets on their platforms.

However, Sbercoin was reportedly introduced on the same day by Russia’s largest bank, according to media sources. Sbercoin’s introduction, according to some industry observers, could be a mechanism to trade rubles for other currencies without avoiding Western sanctions.

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2022-04-06 20:38:01 Germany seizes $25 million in bitcoin by shutting down illegal darknet marketplace 'Hydra Market'

Germany has shut down the Russian illegal darknet marketplace called 'Hydra Market', confiscating 543 Bitcoins with a total value of around $25.2 million.

The authorities shut down the server infrastructure for Hydra which is a huge marketplace on Dark Web for drugs, stolen credit card information and other illegal goods.

Around 17 million customers and over 19,000 seller accounts were registered on the marketplace.

According to ZIT and BKA estimates, "Hydra Market" was probably the illegal marketplace with the highest turnover worldwide." "In particular, the Bitcoin Bank Mixer, a service for obfuscating digital transactions provided by the platform, made crypto investigations extremely difficult for law enforcement agencies," said the German authorities.

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2022-04-06 16:33:01 Starbucks CEO Howard Schultz announces plans to get into NFT business this year

Starbucks CEO Howard Schultz has announced plans to get into the non-fungible-token (NFT) business. Schultz was speaking in a town hall meeting on Monday aimed at Starbucks workers amid a massive union drive.

The company in a statement said that it is working on “digital innovation through NFTs and plans for continued evolution of partner benefits, with more detail expected in the weeks ahead.”

This development comes as Schultz’s returned as Starbucks chief executive officer, he spoke to a global audience of an estimated 15,000 partners (employees). It should be noted that he stepped into the role after Kevin Johnson ended a five-year run at the helm.

Meanwhile, one of the first steps Schultz is making is to suspend the company’s stock repurchase program, effective immediately, to invest in Starbucks partners and stores for long-term growth.

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2022-04-06 01:19:03 UK Government releases plan to turn nation into a global crypto asset technology hub

The United Kingdom unveiled a detailed strategy to harness the power of cryptocurrency assets and blockchain technology to help the process of making payments for customers.

Financial services minister John Glen stated that Britain will pass legislation to bring some stablecoins under the regulatory framework, such as to observe existing payment rules.

The government believes that all stablecoins that reference a fiat currency should be regulated.

Sunak said that he wanted to make the UK a global powerhouse for crypto asset technology.

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2022-04-05 22:31:02 Ledger launches crypto hardware wallet with enhanced NFT support

Ledger has unveiled the latest version of its crypto hardware wallet called the Ledger Nano S Plus which, among other new features, prioritizes the needs of NFT collectors.

According to the announcement issued on Tuesday, the new hardware wallet offers support for clear signing via the company’s web app to ensure the safety of NFT collectors when signing transactions. Clear signing is part of a new trend by both hardware and software wallet makers to ensure that users are aware of the nature of transactions that they are executing.

Apart from being an NFT-focused wallet, the Ledger Nano S also comes with a storage capacity of 1.5 megabytes and can support up to 100 apps. In March, the company sold 10,000 units within three days as part of a limited-edition release of the wallet.

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