Search
Nigeria Asks Telcom Firms to Restrict Access to Binance, Coinbase Websites – Here’s Why
22.2.2024
Crypto exchange behemoths are facing serious scrutiny in Nigeria, as the country aims to clampdown crypto transactions. The government has directed telcoms to prevent access to crypto websites such as Binance, Coinbase and OctaFX.
The post Nigeria Asks Telcom Firms to Restrict Access to Binance...
Switzerland Is Now ‘Home to 13 Crypto Unicorns’ – Report
21.2.2024
Crypto “unicorns” are springing up in Switzerland, with a recent report claiming the nation is now home to 13 token-related firms worth $1 billion or more.
The post Switzerland Is Now ‘Home to 13 Crypto Unicorns’ – Report appeared first on Cryptonews
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets
19.2.2024
Japan's cabinet approved a bill adding crypto to the list of assets the nation's investment funds and venture capital firms can acquire
Japanese Government Plans to Relax VC Crypto Investment Rules
19.2.2024
VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could...
Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing
16.2.2024
This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational hashrate. Terawulf disclosed that its self-mining business has escalated to 7.6 exahash per second (EH/s) this month. Concurrently, Cleanspark...
FCA Reviewed 44 Crypto Firms Registered in UK For Anti-Money Laundering Purposes
14.2.2024
The Financial Conduct Authority (FCA) has conducted internal reviews on 44 cryptocurrency firms registered in the country to tackle money laundering concerns. In a Feb 14 release, the regulator highlighted key areas in the UK markets including digital assets regulations. Last year, the FCA carried...
Crypto Exchanges Reported Over 16,000 Flagged Transactions to South Korean Authorities
14.2.2024
South Korean crypto exchanges reported over 16,000 transactions to local authorities in 2023, an increase from previous years. The Financial Intelligence Unit (FIU) released a breakdown of its efforts to tackle money laundering and other illegal financial threats involving crypto assets....
Singapore’s Web3 Firms Call for Budget Support to Boost Talent and Security
13.2.2024
With the 2024 Budget announcement on the horizon, Singapore’s web3 community is voicing a critical need for government support. According to a recent report by The Straits Times, the Singaporean firms are specifically looking for help in two key areas: developing a skilled talent pool...
Spot Bitcoin ETFs Outpace MicroStrategy Holdings, Marking Significant Market Movement
12.2.2024
An unprecedented shift in the cryptocurrency market occurred on Monday as nine traditional asset management firms surpassed MicroStrategy’s Bitcoin holdings through spot Bitcoin ETFs, a report by HODL15Capital confirmed. Institutional investors are rapidly accumulating Bitcoin, marking...
78% of Institutional Traders Have No Interest In Crypto: JP Morgan
12.2.2024
New data shows that most global institutional traders have no interest in exposing holdings to digital assets although the number of pro-crypto firms has recorded a slight growth. A recent JP Morgan 2024 survey from over 4000 financial market participants shows creeping acceptance of Bitcoin...
UN Sanctions Inspectors Probe Alleged North Korean Cyberattacks Targeting Crypto Firms
11.2.2024
United Nations (UN) sanctions monitors are reportedly investigating specific cases of hacking attacks allegedly carried out by North Korea-affiliated hackers between 2017 and 2023. Besides attacking decentralized finance platforms, the UN monitors alleged that North Korea-affiliated hackers...
UN Expert Panel Investigate $3B Worth North Korean Crypto Cyberattacks: Report
9.2.2024
An independent United Nations jury of sanctions monitors is conducting a probe into North Korea’s involvement in $3 billion worth cyberattacks on crypto firms. According to an unpublished UN report reviewed by Reuters, the monitors accused the Democratic People’s Republic of Korea (DPRK)...
UK’s Fraud Intelligence Unit Shuts Down 43 Possible Crypto Phishing Websites
9.2.2024
UK authorities have announced that the National Fraud Intelligence Bureau (NFIB) blocked 43 possible crypto phishing websites. A recent official Commissioner’s Update disclosed reports in diverse fields including potential fraudulent activities with bad actors impersonating popular blockchain-based...
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
EU Regulator Proposes Stricter Rules for Foreign Crypto Firms
3.2.2024
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has proposed stricter rules for crypto firms based outside the EU, limiting their ability to directly serve customers within the bloc to ensure fair competition. ESMA Proposes Stricter Rules for Non-EU...
EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’
1.2.2024
The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm...
South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’
26.1.2024
The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applicants in the coming weeks. The watchdog stated that from the more than 100 entities that applied for a license, 20 have since...
BlackBerry Warns Mexican Bank and Crypto Firms on Potential Security Threat
25.1.2024
BlackBerry has flagged a potential threat to Mexican banks and cryptocurrency platforms based on hackers’ attempt to deliver a modern version of Allakore RAT. In a Jan 24 report, BlackBerry’s Research and Intelligence Team raised concerns about a threat actor targeting financial institutions...
Bixin Applies for Crypto Exchange License With Hong Kong SFC
25.1.2024
Virtual asset trading platform Bixin has applied for a virtual asset trading platform license with Hong Kong Securities Futures Commission. So far, 13 crypto firms have applied for the similar license with the Hong Kong regulator. As per the official SFC website, virtual asset trading platform...