21st July
⛔ Fake News by Bitcoin Magazine ➕ U.S. Department of Justice seizes and forfeits approximately $500,000
👀U.S. Department of Justice seizes and forfeits approximately $500,000 from North Korean ransomware actors and their conspirators. Official info here [ Ссылка ] $100,000 + $120,000 was paid in Bitcoin in Kansans & Colorado. The Federal Bureau of Investigation (FBI) was able to identify the never-before-seen North Korean ransomware and trace the cryptocurrency to China-based money launderers. It would be interesting to know the name of the cryptocurrency exchange if involved. The District of Kansas then began proceedings to forfeit the hackers' funds and return the stolen money to the victims. BBC's article here [ Ссылка ]
#Fakenews
😡BitcoinMagazine posted a video via Twitter & wrote the Chinese government is protecting banks with tanks from people after declaring they can't withdraw their money. The original video is of a navy base training exercise done on the 17th which is done every year nothing to do with banks or money. Tweet here [ Ссылка ].
We at Blockchain DXB very strongly feel We live in a world where having loads of information is not important. Having information from 1st source.

💡 Not Your Keys, Not your Crypto
The 2nd line of the Bitcoin white paper reads… "but the main benefits are lost if a trusted third party is still required to prevent double-spending" Anthony Scaramucci's SkyBridge Capital has suspended withdrawals from its Legion Strategies Fund, one of its funds with crypto and private stocks exposure, after the sharp decline in the prices of the assets. He has assured investors "those are temporary suspensions," & "zero risk of any asset liquidation" Info via Decrypt here [ Ссылка ] & original article by Bloomberg LP here [ Ссылка ]

⚡ USDC news
Circle's USDC 24-hour volume is up to $8.5B CoinDesk has an excellent article that talks about how Circle's cautious USDC approach has paid off, despite missteps. It takes about its history since 2013 & how it has focused on Transparency & oversight. Also some good comparisons with Tether.to USDT & its relationship with Bitfinex Article here [ Ссылка ] The 24hr volume has gradually been growing for USDC & firms in UAE have recently switched from USDT to USDC in the last three months.
🏮 Post Terra Luna
Cointelegraph reported that South Korean authorities raid 15 entities linked to Terra collapse ie UpBit, Bithumb Global, 코인원 Coinone, 코빗(Korbit) and Copax. Article here [ Ссылка ] Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, & seven crypto exchanges.
UAE (Check slides)
- Singapore's Fintonia Group secures provisional virtual assets license in Dubai Adrian Chng 👏🏻
- Blockchain DXB Podcast: New Episodes -Crypto terminologies + Pentagon Paper + Dubai Metaverse Strategy
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