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Fed Expected to Take Dovish Stance in 2024 with Over 100 Basis Points of Cuts
27.11.2023
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections...
CFTC Says Access To US Customers Is a “Privilege” In Wake of Binance Case
24.11.2023
Source: Pixabay The US Commodity Futures Trading Commission is showing no signs of letting up in its battle against crypto firms. In a statement published on Tuesday regarding the resolution of the Binance case, CFTC Commissioner Christy Goldsmith Romero declared, “There are no pirate ships in...
Gate.io Implements Zero-Knowledge Tech in New Proof of Reserves Method
24.11.2023
Nov. 23rd – Gate.io, a leading cryptocurrency exchange and Web3 innovator, has announced upgrades to its Proof of Reserves (PoR) process, which includes a new open-source method utilizing zero-knowledge technology. Following the upgrade, the PoR process will now cover the top 100 digital...
Hackers Exploit Apache ActiveMQ Flaw To Mine Crypto
22.11.2023
Source: Pixabay Hackers are currently targeting a critical Apache ActiveMQ vulnerability to download and infect Linux machines with the Kinsing malware and crypto miner. In a blog post published on November 20, Trend Micro researchers reported that the exploitation of the CVE-2023-46604...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...
Uranium-backed Token Uranium3o8 Goes Live on Uniswap
21.11.2023
Source: Pixabay Uranium3o8, an asset-backed token backed by uranium, has gone live on Uniswap. In a press release published on Tuesday, Bahamian financial advisory firm Sanmiguel Capital Investment Ltd announced that its uranium-backed token had opened for trading on Uniswap, with the goal...
Security Firm dWallet Labs Uncovers Vulnerability with $1 Billion of Crypto At Risk
21.11.2023
Source: Pixabay Blockchain security firm dWallet Labs recently unveiled a vulnerability that it asserts has the potential to impact approximately $1 billion worth of crypto. The security firm published a Medium blog post on Tuesday saying that it had discovered a potential vulnerability...
Vega Protocol Introduces Perpetual Futures
20.11.2023
Source: Pixabay Trading-focused blockchain Vega Protocol has launched the first perpetual futures market on its network. In an X post published on Monday, the company said that perpetual futures would allow its users to “trade with leverage, unmatched capital efficiency and great UX on...
Coin Center Criticizes Bank Secrecy Act, Demands Regulation
17.11.2023
Coin Center, the leading non-profit dedicated to research surrounding cryptocurrencies, calls the Bank Secrecy Act too “broad” for its own good, according to their most recent report. “Riddled with sweeping powers and expansive terms” Published earlier this month, the report (appropriately titled...
Web3 Social Company Sleek Announces $5 Million Seed Round
17.11.2023
Source: Pixabay Hong Kong-based Web3 social company Sleek has revealed a $5 million seed round, with the fundraising valuing the company at $50 million. In a press release published on Friday, the company said that it had secured funds through a Simple Agreement for Future Tokens (SAFT), granting...
Astrobotic To Send Physical Dogecoin To the Moon in 2024
16.11.2023
Source: Pixabay Dogecoin has announced plans to send a physical Dogecoin to the Moon next year in collaboration with space robotics firm Astrobotic Technology. In an X post published on Thursday, Dogecoin revealed that Astrobotic plans to transport a physical Dogecoin to the moon using the...
G2A Unveils “Geekverse”, A Gaming-focused NFT Marketplace
16.11.2023
Source: Pixabay Popular gaming keys distributor G2A has launched a marketplace for NFTs linked to Web3 games. According to a press release published Wednesday, “Geekverse” has the primary goal of providing exposure to Web3 and NFT games curated by the G2A team. This initiative allows gamers...
NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms
16.11.2023
Source: NYDFS The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies. The updated guidance, named...
SEC Postpones Decision on Hashdex Spot Bitcoin ETF and Grayscale Ether ETF
16.11.2023
Source: Hashdex The U.S. Securities and Exchange Commission has postponed its decision on the approval of Hashdex Bitcoin ETF and Grayscale Ethereum Futures Trust ETF. The SEC published a document that addresses to the deferral of Hashdex’s filing. Hashdex previously filed to convert its current...
SEC Announces ‘Highly Productive’ Year for Crypto Enforcement Actions
16.11.2023
The U.S. Securities and Exchange Commission (SEC) has published its latest enforcement results relating to crypto assets. “Fiscal year 2023 was another highly productive and impactful year for the SEC’s enforcement efforts relating to crypto asset securities,” the regulator described....
9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
14.11.2023
Source: AdobeStock / MarinadeArt France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country. In the survey released on Nov 13, digital assets...
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Indian Government Misses on $420 Million in Crypto Taxes as 90% Trade Volume Shifts Offshore: Report
9.11.2023
Source: Pexels The imposition of a one percent tax-deducted-at-source (TDS) on the trading of cryptocurrencies in India has led to a massive shift of millions of users to offshore crypto exchanges, according to a recent report published by the Esya Centre. In February 2022, India’s Ministry...
Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans
8.11.2023
Source: AdobeStock / Vitalii Vodolazskyi As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations. A 2022 report published by the Department of Justice (DOJ)...
Jamf Spots New MacOS Crypto Malware Attributed to North Korea’s Lazarus BlueNoroff Group
8.11.2023
Source: Pixabay BlueNoroff, the notorious hackers’ group with links to North Korea’s Lazarus, has debuted a fresh MacOS malware targeting financial institutions. Uncovered by researchers from the Apple device management firm – Jamf, the perpetrators have been hiding behind...