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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) says it is dismantling North Korea’s digital asset money laundering network by taking action against individuals and entities involved in the operation. In a statement, the OFAC says it is sanctioning Chinese nationals Lu Huaying and Zhang Jian who worked for the network that used […]
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Beam Ventures will launch in 2025, providing funding and acceleration for blockchain gaming startups in the United Arab Emirates.
The Beam Foundation has disclosed plans for an upcoming venture fund in Abu Dhabi targeting blockchain gaming projects.
According to a Dec. 11 announcement, the fund will launch in the first half of 2025 and manage $150 million in capital backed by local investors.
The fund’s investment thesis is primarily focused on blockchain-based games and gaming infrastructure, but capital will also be deployed for startups working on solutions tied to artificial intelligence, augmented reality and user-generated content.
Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE). In a new press release, the firm behind USDT says that it will be working closely with the nation’s central bank as well as blue-chip tech companies to […]
The post Tether Announces Plans To Launch New Stablecoin Pegged to UAE’s Dirham appeared first on The Daily Hodl.
Russian lawmakers have reportedly passed a bill that will enable the nation to use cryptocurrency in international trade. Reuters reports that the law is expected to take effect in September. Russian Central Bank Governor Elvira Nabiullina says the first crypto transactions will likely happen within the year. The law will only allow businesses to use […]
The post Russia To Permit Use of Crypto for Global Payments Amid Western Sanctions: Report appeared first on The Daily Hodl.
An appellate court in Montenegro overturns an earlier ruling that approved the extradition of disgraced Terraform Labs founder Do Kwon to the United States. Kwon is facing criminal charges arising from the collapse of the stablecoin TerraUSD and cryptocurrency Luna that wiped out $40 billion worth of investor funds in 2022. In March last year, […]
The post Montenegro Court Revokes Earlier Decision To Extradite Do Kwon to US, Citing Procedural Violations appeared first on The Daily Hodl.
Founding BRICS members China and Brazil along with newcomer Saudi Arabia are quietly unloading their US Treasury holdings. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities dropped from $835.4 billion at the start of July to $821.8 billion at the end of the month – a decline of $13.6 billion. […]
The post $17,400,000,000 in US Treasuries Dumped by BRICS Nations China, Brazil and Saudi Arabia in One Month appeared first on The Daily Hodl.