• AEW ventures into NFT space despite WWE Moonsault’s declining engagement
• North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M
• Montenegrin court revokes Do Kwon’s bail
AEW Ventures into NFT Space
All Elite Wrestling (AEW) is venturing into the Non Fungible Token (NFT) space, despite the declining engagement of its competitor, WWE Moonsault. This move comes in the wake of North Korean crypto wallets being sanctioned and Binance claiming to have helped the US Treasury seize $4.4 million.
North Korean Crypto Wallets Sanctioned
The US Department of Treasury has imposed sanctions on two North Korean cryptocurrency wallets for facilitating malicious activities such as cyberattacks and money laundering. In response, Binance has stated that it assisted in tracing and seizing proceeds from these wallets which were worth $4.4 million dollars.
Do Kwon’s Arrest and Trial
Terraform Labs co-founder Do Kwon was arrested in Montenegro while trying to fly to Dubai in March with his former CFO Han Chong-Joon on suspicion that their passports were forged. On May 12th, they were granted bail but this decision was later revoked by a higher court in Podgorica on May 24th meaning they will remain in jail until their trial is concluded.
Coinbase Mainnet Plans
Coinbase’s Base protocol announced its mainnet plans as the Aave community expresses interest in participating as a validator for the network.
Digital Euro Necessary
The European Central Bank’s President Christine Lagarde believes that launching a digital euro could be necessary to ensure its dominance over private digital currencies such as Bitcoin and Facebook’s Libra project