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Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...
CYNDICATE: Open up Your Potential With Ultimate Lifestyle and Blockchain Fusion
9.10.2023
PRESS RELEASE. Connecting dreams and empowering success, CYNDICATE is here to build a solid ecosystem aimed at personal development. Warm-Up In the realm of high achievers, success is not a solo journey. It is a symphony, where the harmonious blend of motivation, mentorship, and like-minded...
Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium
9.10.2023
Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a budget debate that could derail the federal...
NFTs Can’t Catch a Break as Protracted Drop in Sales Continues
8.10.2023
For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. NFT Sales Bleed Out: The Unrelenting Seven-Week Descent Although the broader crypto market...
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
8.10.2023
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in...
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
7.10.2023
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies...
Shielding Your Digital Realm: How to Protect Yourself and Crypto From SIM Swap Attacks
6.10.2023
In 2023, several SIM swap attacks have targeted cryptocurrency advocates and high-profile industry members, including Ethereum co-founder Vitalik Buterin. Below is a comprehensive guide aimed at educating our readers on mitigating SIM swap attacks and safeguarding against hacks. Understanding...
JPMorgan CEO Warns of 2 ‘Extraordinary’ Storm Clouds Hitting US Economy With Potential ‘Bad Outcomes’
6.10.2023
JPMorgan Chase CEO Jamie Dimon has warned of two “extraordinary” things happening today that may have “bad outcomes” for the U.S. economy. Moreover, the executive has urged investors and businesses to be prepared for higher interest rates. “I don’t think inflation will keep...
Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges
5.10.2023
Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar...
DOJ Eyes Seizure of Ex-FTX Chief’s Two Luxury Jets in Ongoing Criminal Probe
5.10.2023
In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the DOJ has its sights set on a Bombardier Global 5000...
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
5.10.2023
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
The Halving and Bitcoin ETFs Will Shake up the Crypto Mining Market in 2024 – GoMining CEO Mark Zalan
5.10.2023
GoMining is an innovative cryptocurrency mining project driven by a vision to revolutionize the industry and promote inclusivity. With the objective of making crypto mining accessible, efficient, and highly profitable for individuals of all backgrounds, they have assembled a team of accomplished...
Innovative Blockchain projects will have a compelling value proposition, practical use cases
5.10.2023
The crypto and Blockchain space now has a large number of users and many different types of service providers. However, there’s also a lot of noise or excessive hype surrounding many so-called projects that have failed to deliver on their tall claims. Although there’s no easy or clear...
SEC Seeks Rejection of Coinbase’s Pushback Against Its Lawsuit
5.10.2023
The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading...
Sam Bankman-Fried Shouldn’t Have Cut His Hair
4.10.2023
If your defense is “I didn’t know what was happening,” don’t dress like a competent person
‘Verified Satoshi’ Handle on X Triggers Debate Among Bitcoin Circles, Elon Musk Called to Act
4.10.2023
On the social media platform X (formally Twitter), an account created in 2018 is causing a lot of uproar as the account is called “@satoshi,” and has a verified check mark confirming its identity. A few bitcoin influencers have called on Elon Musk to remove the account’s checkmark,...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
4.10.2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin...
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
3.10.2023
Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse. Bankman-Fried’s lawyers believe the witness’s testimony...
Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum’s Booming $20 Billion Liquid Staking Market
3.10.2023
Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Currently, the top three LSD protocols hold sway...