Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle […] Powered by...
Brazil Prepares to Let Tradfi Institutions Embrace Crypto
The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank […] Powered by...
Russia-India Trade Nears 90% Dollar-Free — A Game-Changing Pivot
The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the importance of expanding banking cooperation between the two countries. Trade turnover between Russia and India rose 9% in the first eight months […] Powered by...
Coinbase Launches Regulated Crypto Benchmark — Who Can Invest?
Coinbase’s new cryptocurrency index introduces a regulated crypto benchmark, offering investors broad exposure and setting a new standard for transparency in the digital asset market. A New Crypto Benchmark Emerges — Coinbase’s Bold Move with COIN50 Index Coinbase (Nasdaq: COIN) has launched the Coinbase 50 Index (COIN50), which the crypto exchange described as “a regulated […] Powered by...
Google’s “Negligent” Piracy Response Prevented Critic Deindexing Its Own Site
For most of 2024, major football leagues in Spain and Italy have regularly used the media to criticize and then publicly threaten Google. Rightsholders have always criticized Google but this feels a bit different. More recently, flare-ups have coincided with rightsholders demanding that Google implements new, controversial anti-piracy measures, such as remotely deleting apps from users’ phones. Whether any discussions take place in...
