Employees of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNH Coin (CNHC), have been detained by Chinese police. Trust Reserve employees have been out of reach since the afternoon of May 29 due to multiple arrests. Some employees’ family members have reportedly been notified about the detentions. ...
Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture. A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric architecture. The technology is touted to enable the development of completely decentralized applications and services. ...
0xDEAFBEEF is an artist and engineer based in Toronto, Canada. He’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording. A collection of six of his NFTs sold for $6.8 million in August 2021, and two weeks ago, “Series 1: Angular – Token 134” fetched $241,300 at Sotheby”s. ...
Dr. Saifedean Ammous, the author of an explanatory book about Bitcoin, has been appointed the economic adviser to the National Bitcoin Office of El Salvador. The Bitcoin Office was created in November 2022 by President Nayib Bukele to manage all things crypto-related. American broadcaster Max Keiser and television presenter Stacy Herbert are also part of the team. ...
Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks, could fall under the crosshair of U.S. regulators. The Securities and Exchange Commission, for example, might believe the tokens are investment contracts and could consider them unregistered securities, which could see Ben face possible fines and penalties. ...
Bitcoin’s volatility has dropped to historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data allude to incoming volatility in June. Analysts expect a bout of volatility to reach an equilibrium level, where the market moves primarily due to the accumulation or distribution of long-term holder supply. ...