Us Sanctions Russian National, Chinese Firm Aiding North Korea’s Crypto Schemes
US sanctions have been imposed by the United States Treasury Department on two individuals and two companies for their role in stealing cryptocurrency from American businesses to fund North Korea’s weapons programme. Among those named by the agency are Russian national Vitaliy Sergeyevich Andreyev, Kim Ung Sun, a North Korean government official stationed in Russia, and two companies, Shenyang Geumpungri Network Technology Co., Ltd, and Korea Sinjin Trading Corporation.
American Bitcoin, Backed by Trump Sons, Aims to Start Trading İn September
American Bitcoin, backed by Trump’s two sons, will go public via an all-stock merger with Gryphon Digital Mining, aiming to start trading on Nasdaq in early September. Eric Trump, Donald Trump Jr., and Hut 8 will jointly hold 98% of the new entity, trading under the ticker ABTC.
YZY Token Aftermath Sees 105 Traders Lose $100k-$1m Each In $75m Wipeout
Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet.
The Smarter Web Company Adds 45 Bitcoin to Holdings
The Smarter Web Company announced Thursday it has purchased an additional 45 bitcoin at an average price of £82,919 per bitcoin, according to a company press release. The latest acquisition, valued at approximately £3.73 million ($5.03 million), brings the company’s total bitcoin holdings to 2,440 bitcoin. The company’s average purchase price across all holdings stands at £82,409 per bitcoin. The technology firm, which provides web design, development and online marketing services, described the purchase as part of its “10 Year Plan” that includes an ongoing treasury policy of acquiring bitcoin.
Tether to Launch USDT on RGB, Expanding Native Bitcoin Stablecoin Support
Stablecoin issuer Tether announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets on Bitcoin, according to its official blog. Tether stated, “RGB mainnet version 0.11.1 recently launched. By introducing USDT to RGB, Tether is helping to open up new frontiers for Bitcoin currency. Users will be able to hold and transfer USDT and Bitcoin simultaneously in the same wallet, enjoying the advantages of privacy and sovereign transactions, and even send and receive value offline. Combining the security of Bitcoin with the stability of Tether marks a significant step towards the true integration of stablecoins into the Bitcoin ecosystem.”
Q2 GDP Est Beats Expectations
U.S. Q2 real GDP annualized growth rate was revised to 3.3%, surpassing expectations of 3.1% and up from the previous 3.0%. U.S. initial jobless claims for the week ending August 23 were 229k, slightly below the expected 230k, with the prior week’s figure revised from 235k to 234k
