Scotland Yard seized £114 million (around $158 million) worth of cryptocurrency, which they believe was being used to transfer proceeds of crime. As the Metropolitan Police said on Friday, they arrested a 39-year-old woman on suspicion of money laundering. This was the biggest seizure in the U.K. and more than doubled their total seized from…

Blockchain is not just about cryptocurrencies. The technology is also used in blockchain platforms to trade in oil and gas – the prime exports of the Persian Gulf countries. Blockchain can also help the renewable energy market infrastructure safer, more resilient and economically effective. Stage 1: trading on the blockchain Back in 2018, the World…

The NFT, a burgeoning technology that potentially could change how we own everything from artwork and concert tickets to our homes. The mind-boggling sales bring attention to NFTs, along with support from bigger names. USA TODAY collected everything you need to know about the digital platform. Last week, the auction house Christie’s announced the artist…

In just one day, the Chinese authorities have essentially destroyed the country’s crypto business. It resulted in a massive drop in the cryptocurrency market and the hash rate collapse. The main question is what motives drive Beijing’s actions? On Monday, June 21, the People’s Bank of China (PBC, acts as the country’s central bank) issued…

Digital artist Mike Winkelmann, also known as Beeple, unveiled his next venture on Thursday, a website called WENEW, which allows people to buy and own historic moments as NFTs, and “immortalizing these moments of human achievement.” Earlier this March, Beeple made headlines after Christie’s auctioned his artwork as an NFT for $69 million. Now he’s…

Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…

The venture capital giant Andreessen Horowitz has officially announced the launch of a $2.2 billion fund focused on the crypto industry. The Silicon Valley venture firm, founded by Marc Andreessen and Ben Horowitz in 2019, announced the new $2.2 billion cryptocurrency-focused fund, said in a blog post on Thursday. Crypto Fund III, co-led by Andreessen…

Want to invest in crypto, understanding the risks? CNBC Make It explains what you need to know about cryptocurrency-based DeFi. Despite their wider access to resources, even billionaire investors aren’t immune to risks when it comes to decentralized finance (DeFi). That includes the case of Mark Cuban, who revealed on Wednesday that a DeFi token…

On Wednesday, The Bitcoin Fund debuted on the Nasdaq Dubai exchange became the first digital asset-based fund to list in the Middle East and North Africa. Canada’s largest digital-asset investment fund manager 3iQ Corp seeking to raise around $200 million in the offering. As Reuters reports, the Bitcoin Fund becoming the Middle East’s first listed…

Breaking crypto news from the last week (19-25 June 2021): 19 June: Paraguay, the one more Latin American country that could legislate Bitcoin next month as a legal tender. 20 June: Elon Musk’s tweets have an obvious impact on the prices of cryptocurrencies. However, Ethereum co-creator Vitalik Buterin predicts that the crypto market will develop…