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Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens
22.3.2024
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally
Particle Network Releases Modular Layer 1 for Chain Abstraction and Universal Accounts
20.3.2024
Particle Network has introduced its modular Layer 1 solution for chain abstraction and universal accounts, aimed at simplifying user interactions across multiple blockchains. The design of this modular Layer 1 makes it an ideal tool for both new and existing ecosystems to leverage. Particle Network...
China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors
18.3.2024
The People’s Bank of China publishes a digital yuan service guide for foreign visitors, detailing steps to download apps, open wallets, link accounts, and complete payments.
The post China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors appeared first on Cryptonews
Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill
12.3.2024
The new authority will enable KNF to independently block crypto accounts for 96 hours if any suspension arises.
The post Poland’s Regulator Gets Authority to Block Crypto Access Ahead of MiCA Bill appeared first on Cryptonews
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
7.3.2024
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In...
Bitcoin ETFs and Crypto Separately Managed Accounts: What RIAs Need to Know
28.2.2024
SMAs allow investors to get exposure to multiple digital assets within the same portfolio, including novel protocols or tokenized RWAs
Axie Co-Founder’s Personal Accounts Breached for $8M, Ronin Bridge Unaffected
23.2.2024
Personal accounts of Axie Infinity co-founder Jeff “Jihoz” Zirlin compromised, resulting in an $8 million Ethereum loss, while the Ronin blockchain's operation was claimed to remain unaffected.
The post Axie Co-Founder’s Personal Accounts Breached for $8M, Ronin Bridge Unaffected appeared...
Over 200 Crypto Accounts Linked to Ransomware Operator LockBit Frozen
21.2.2024
A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 cryptocurrency accounts linked to their activities.
The post Over 200 Crypto Accounts Linked to Ransomware Operator LockBit Frozen appeared first on Cryptonews
US President Joe Biden Sparks Crypto Speculation With Laser Eyes Avatar on X
12.2.2024
US President Joe Biden’s laser-eyed post on his X and Instagram accounts late Sunday intrigued the crypto community. The image posted was captioned: “Just like we drew it up.” Biden’s post follows the Kansas City Chiefs’ victory over the San Francisco 49ers in the Super Bowl...
Wirex CEO Says Money Mules Are a Massive Issue in FinTech and Crypto
9.2.2024
In an insightful interview with Cryptonews, Pavel Matveev, CEO and co-founder of popular global digital payment platform Wirex, discussed what money mules are and how big of a problem they pose in the crypto and FinTech industries. The short answer is: big. He further told us how these fraudsters...
Neobanking app enfineo claims it can bridge traditional finance with cryptocurrencies
9.2.2024
  Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings...
Ukraine Set to Freeze Citizens’ Bank Accounts Who Sidestep War Draft – Can Crypto Help?
8.2.2024
On February 7, the Ukrainian parliament approved the first reading of a bill to enforce stricter regulations for mobilizing recruits into the military. It also proposed freezing bank accounts for those attempting to evade the country’s war draft. This dramatic move highlights the gravity...
Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
8.2.2024
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central bank’s policies including the devaluation...
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
6.2.2024
The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close accounts or transfer funds to licensed entities. Verifying...
First U.S. Bank to Introduce Crypto Checking Accounts Reverses Course, Closes Crypto Banking Mobile App
5.2.2024
A bank claiming to be the first U.S. banking institution to allow its customers to buy, sell, and hold cryptocurrencies “alongside a traditional checking account,” closed its mobile crypto app last week. In a FAQ posted on its website, Vast Bank said it was exiting the crypto industry and would...
From Crypto to Likes: The New Wave of Digital Asset Flipping Among Crypto Investors
2.2.2024
  In the ever-evolving world of investment, cryptocurrency enthusiasts are finding a new lucrative avenue – digital asset flipping. This emerging trend sees investors who once solely focused on the volatile crypto markets now venturing into the realm of social media, where flipping digital...
Judge Orders Continued Freezing of Colorado Crypto Pastor’s Accounts After $3 Million Crypto Fraud Scheme
31.1.2024
A Colorado pastor and his wife accused of orchestrating a $3 million crypto fraud scheme have been barred from selling crypto in the state and will continue to have their accounts frozen by regulators, a judge presiding over the case ruled this week. Uncovering the $3 Million Crypto Fraud Just over...
Ripple Co-founder Hacked of Over $112 Million Worth of XRP
31.1.2024
Ripple executive chairman and co-founder Chris Larsen has taken to social media to clarify reports of the payment protocol being hacked on Wednesday. Larsen’s Accounts Hacked “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able...
Ripple Exec Chris Larsen’s XRP Accounts Illicitly Accessed, Crypto Exchanges Freeze Assets
31.1.2024
On Wednesday, Chris Larsen, the co-founder and executive chairman of Ripple, publicly revealed that several of his personal xrp accounts had been illicitly accessed. Larsen explained that the team successfully persuaded crypto exchanges to promptly freeze the affected addresses. $112.5 Million...
80% of Comments on Tweets from Famous Projects are from Phishing Scam Accounts: SlowMist
30.1.2024
Approximately 80% of comments on tweets from famous projects are occupied by phishing scam accounts. In a recent Medium post, the SlowMist Security Team said it has been inundated with reports of theft within the cryptocurrency community. “Upon analyzing these incidents, we discovered that...