Bitcoin News and Finance: What You Need to Know

Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen and Brady’s Shareholding in FTX Gisele Bundchen, a fashion model and the estranged wife of former NFL quarterback Tom Brady, has said she only invested in Sam Bankman-Fried’s FTX because her financial advisors told her to do so. In remarks published in the Daily Mail, Bundchen suggested that she, just like other FTX investors, was “blindsided” by the crypto exchange’s spectacular collapse. According to the Daily Mail, the celebrity model reportedly held more than 680,000 shares in the collapsed crypto exchange, which were at one point valued at $57 million. Brady, on the other hand, held more than 1.1 million FTX shares when the crypto exchange collapsed. Besides being a shareholder, Bundchen was the crypto exchang

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail the current turmoil,” and it could spread “beyond the banking sector.” Moody’s Analysts Anticipate Greater Financial and Economic Damage From U.S. Banking Spillover Effects In a note sent out on Thursday, Moody’s managing director of credit strategy Atsi Sheth explained that the U.S. may not be able to contain the banking turmoil that started two weeks ago. The commentary follows Moody’s recent downgrade of the U.S. banking industry, which was slashed from “stable” to “negative.” The credit agency applied the downgrade after three major U.S. banks collapsed, and the contagion spread to other U.S. banks and a few international financial institutions. “

The establishment of sanctions by the Trump administration towards PDVSA, the state oil company in Venezuela, reportedly forced the hand of the government in the country to find alternative means of payment for crude oil. According to reports, more than $3 billion are missing from these payments that were brokered by Sunacrip, the national crypto watchdog. However, documents reviewed estimate that the hole might be closer to $20 billion. As a result of this, Oil Minister Tareck El Aissami stepped down and Sunacrip’s former chief, Joselit Ramirez, has been arrested as part of a corruption probe. Further, Sunacrip is enacting a nationwide bitcoin mining shutdown “while things calm down.” How Venezuela Used Crypto to Sell Oil, Sidestepping U.S. Sanctions In January 2019, when PDVSA, the state oil company in Venezuela, was included among the entities sanctioned by the U.S government (as part of measures Washington took to torpedo efforts of Venezuelan president Nicolas Maduro to keep

A company used to conceal the movement of Onecoin-related funds was transferred to a young Romani woman in Bulgaria, local media revealed. The report follows the extradition to the U.S. of the head of legal and compliance at the crypto pyramid scheme, accused of enabling Onecoin to launder millions of dollars through such entities. Unsuspecting Woman Agreed to Have Company Linked to Onecoin Registered Under Her Name On Monday, Bulgarian authorities handed over to U.S. custody Irina Dilkinska, former head of legal and compliance at Onecoin. The crypto Ponzi scheme, which raised over $4 billion from investors around the world, is believed to have moved millions of U.S. dollars through shell firms which Dilkinska allegedly helped to establish. One of these companies, B&N Consult, generated €200 million ($217 million at current rates) in 2015 and 2016, according to the Tuesday announcement by the U.S. Department of Justice about her extradition to the United States, where she is

PRESS RELEASE. Calgory, Alberta, March 24th 2023, Chainwire. Toshi Tools, an all-in-one crypto information app, is launching to provide crypto traders with the tools they need to succeed. An intuitive design and suite of unique features will empower users to navigate the complex world of cryptocurrency markets. The first recipients of the Toshi Tools app will be Tier 1 wallet holders, who hold at least 0.4% of the $TOSHI token supply, followed by everyone else. The team behind the app are determined to provide an easy-to-use interface that solves the information overload that is a major pain point within the crypto industry. The app includes a real-time wallet-tracking solution to help users follow the smart money and monitor their own trades. Toshi Tools displays the top crypto market performers by wallet ID, sorted daily. Artificial intelligence (AI) will further enhance the application, with Open AI’s GPT-3 machine learning integrated into the platform. This integration allows

Following recent enforcement action against various crypto entities and celebrities, the U.S. Securities and Exchange Commission has issued an advisory notice to investors telling them to be cautious of risks associated with crypto asset securities. The U.S. securities regulator insists that specific entities offering crypto asset investments or services “may not be complying with applicable law, including federal securities laws.” Securities Watchdog Warns of Risks Associated With Crypto Asset Securities Amid Recent Enforcement Action On March 23, 2023, the U.S. Securities and Exchange Commission (SEC) published an “ Investor Alert ” that claims investors should “exercise caution” when dealing with “crypto asset securities.” Essentially, the SEC explains that if someone is to consider investing in a crypto asset they should know that cryptocurrencies can be “exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow or lend these securities may lack

According to the Nigerian central bank governor, central bank digital currency or e-naira transactions have gone up 63% to $47.7 million, while the number of downloaded wallets since Oct. 2022 is around 13 million. The governor attributed the rise in the value of CBDC transactions to the Nigerian government’s use of the e-naira when transferring social welfare funds to marginalized groups. Rise in CBDC Transactions Coincides With Drop in Value of Circulating Currency The value of Nigeria’s central bank digital currency (CBDC) transactions surged by 63% to $47.7 million (₦22 billion) while about 13 million e-naira wallets have been downloaded since Oct. 2022, the Nigerian central bank governor has said. Addressing local journalists on March 21, Governor Godwin Emefiele also revealed that the currency in circulation dropped from over $6.9 billion (₦3.2 trillion) seen in Sept. 2022 to around $2.2 billion (₦1 trillion). As previously reported by Bitcoin.com News, the drop in the value