NFT News by Thebittimes.Com

Ukraine National Police have raided a criminal call center network that promised phony crypto investments to unsuspecting victims, seizing luxury cars and arresting an individual with links to a so-called ‘thief in law.’  According to a translated announcement from Ukrainian police on Monday, authorities detained 14 suspects accused of defrauding victims across Ukraine, Moldova, Kazakhstan, and the European Union.  Following 40 searches across Ukraine , authorities seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, and funds totaling $64,500. As part of the operation, scammers called victims pretending to be employees at a stock exchange and, using ‘psychological techniques,’ persuaded them to invest personal funds into crypto. They then transferred the stolen funds to criminally controlled digital wallets and bank cards.  Footage shared by Ukraine police of the raids against members of the crypto scam call centre.  Read more...

A candidate for the head of Ukraine’s anti- corruption agency appears to be DOGE and LUNC holder , according to an official declaration. Kateryna Kapliuk, a former journalist at Ukrainska Pravda and current candidate for the head of Ukraine’s National Agency on Corruption Prevention (NACP), disclosed in her declaration she had acquired over 30 altcoins during her tenure at the agency. According to the document, Kapliuk, who joined NACP in 2020 as an advisor to NAPC Chairman Alexander Novikov, was buying multiple cryptocurrencies until mid-2022, with a total sum of 127,165 UAH (approximately $4,778). While it remains uncertain if Kapliuk still holds mentioned in the document cryptocurrencies, the declaration indicates purchases of over 19.3 million SHIB tokens, more than 39.7 billion DOGE tokens, and slightly over 0.01 BTC, among other altcoins like DASH, ZEN and BTT, were made in 2021 only. Except for 0.007 BTC, all the tokens were held on Binance, as per the declara...

Russia’s war in Ukraine threatens to destroy its art. This startup uses NFT technology to protect and preserve priceless artifacts from conflict zones. The ongoing war in Ukraine has had devastating consequences, including the destruction of cultural and historical objects. As the conflict continues, it is critical to protect Ukrainian artworks and cultural heritage. By using innovative technologies such as blockchain and nonfungible tokens (NFTs), art enthusiasts can ensure the protection and longevity of Ukrainian art, allowing future generations to appreciate and learn from its profound significance. But how can NFTs preserve fragile art during military conflicts and bridge the gap between traditional and digital art, increasing the visibility and accessibility of art to a broader audience? Shedding light on this topic is film director Asya Nikolaeva, a Ukrainian now living in San Francisco, who launched the CityX project, which aims to preserve Ukrainian art through NFTs. CityX’s ...