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AI and Blockchain Experts Form ‘Anime Chain’ Preparatory Committee + More Crypto News
15.1.2024
First.Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: AI and Blockchain Experts Form “Anime Chain” Preparatory Committee DigiFT Crypto News: HashKey Capital’s...
Hedera Adds Major Household Name To Its Council – Why Is This Important?
15.1.2024
Source: AdobeStock / Eagle Hedera has announced the latest member of its governing council – the tech giant Hitachi. Hedera’s President Charles Adkins told Cryptonews why having household names join the ranks is relevant. Hedera Lending Credibility with Hitachi America The Hedera...
Over $4 Million Worth of Assets Stolen By Solana Wallet Drainers: Scam Sniffer
15.1.2024
Source: AdobeStock / Tomasz Bidermann Blockchain security firm Scam Sniffer says over $4 million worth of digital assets have been stolen by Solana wallet drainers in phishing attacks in the past month. Solana users should be vigilant for phishing attacks In a recent report, the firm tracked...
‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts
15.1.2024
Source: Wit/Adobe South Korean regulators will not give the green light to a domestic Bitcoin spot ETF before the nation’s next general elections, insiders claim. Per Sobija Mandueneun Shinmun, anonymous financial investment industry officials believe that any new crypto regulation will...
Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense
13.1.2024
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity...
Telcoin Fully Restores User Balance Two Weeks After $1.2 Million Exploit
12.1.2024
Source: Pixabay Financial app developer Telcoin has restored all user balances two weeks after an exploit led to $1.2 million worth of funds being drained from users’ accounts. In an email to CryptoNews, Telcoin noted that it had restored all user balances, fixed the vulnerability,...
Two South Korean Brokerages Pause Transactions of Foreign Spot Bitcoin ETFs
12.1.2024
Source: Pixabay Two major South Korean securities firms have suspended transaction services of foreign spot Bitcoin ETFs. Following an announcement from South Korea’s Financial Services Commission, the country’s top financial watchdog, Samsung Securities and Mirae Asset Securities...
More Institutions Will Look to DeFi for Regulated Solutions in 2024 + More Crypto News
12.1.2024
Source: Night Crows Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: In 2024, More Institutions Will Look to DeFi for Regulated Solutions – Swarm Co-founder Bitmain Raises...
FTX Creditors File Motion to Block Crypto Valuation with Low 2022 Prices
12.1.2024
Source: Adobe / Александр Поташев A group of FTX creditors have filed a motion seeking to stop plans of the collapsed exchange from valuing their cryptocurrency assets based on 2022 prices. FTX Creditors...
South Korean Crypto-related KOSDAQ Stocks Soar on Bitcoin ETF News
12.1.2024
Source: mirsad/Adobe South Korean crypto-related KOSDAQ stocks “soared” on the news of the US Securities and Exchange Commission (SEC)’s approval of 11 Bitcoin spot ETFs. No South Korean crypto firm has yet floated on the Korean Exchange. However, several listed companies have...
Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank
12.1.2024
Source: Alexey Novikov/Adobe Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found. The findings were published in an official post from the bank’s data analysis team. The authors reported...
Hedera and Algorand Ecosystems Unite to Form DeRec Alliance for Decentralized Asset Recovery System
11.1.2024
Source: iStock/PeopleImages Entities from the Hedera and Algorand ecosystems, including the HBAR Foundation, Algorand Foundation, Hashgraph Association, Swirlds Labs, DLT Science Foundation, and industry partners The Building Blocks and BankSocial, have come together to establish the Decentralized...
StarkWare CEO Uri Kolodny Steps Down for Health Reasons, Continues as Board Member
11.1.2024
Source: StarkWare Uri Kolodny, the CEO and co-founder of StarkWare Industries, has stepped down from his role due to family health issues. However, he will remain a board member of StarkWare and Starknet Foundation. Announcing his decision on X, Kolodny appointed Eli Ben-Sasson, the president...
US Congressional Committee Demands SEC Briefing on Misleading Bitcoin ETF Information on X
11.1.2024
Source: AdobeStock A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024. In a press release on January...
EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
Near Foundation To Reduce Workforce By 40%
11.1.2024
Source: Pixabay Non-profit organization Near Foundation has announced that it will reduce its workforce by approximately 40%. In a statement published on Thursday, the Near Foundation said it would cut around 35 employees after completing a recent review. The cuts are set to primarily affect...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Non-profit Better Markets Says Bitcoin ETFs Approval Will “Harm Investors, Markets, and Financial Stability”
11.1.2024
Source: Pixabay Better Markets, a non-profit organization that advocates for financial reform and more stringent financial regulations, has come out in stout opposition to the newly-approved spot Bitcoin ETFs. In a statement published on the Better Markets website on Wednesday, the organization’s...
Cryptocurrency and Taxes: A Guide for the 2023-2024 US Tax Season
11.1.2024
Source: AdobeStock / Nuthawut If one thing in life is certain, it’s that we all have to pay taxes. Therefore, it’s important for cryptocurrency holders and investors to understand everything involved when it comes to crypto and taxes. This is becoming even more critical as digital assets gain...
Web3 Fundraising Fell 70% Per Quarter Last Year, Female Startups Receive 6.3%: Bitget
11.1.2024
Source: AdobeStock / Rafael Henrique Cryptocurrency exchange Bitget has released a report on blockchain funding across 2022 and 2023 highlighting the latest trends including gender disparities in the present VC ecosystem. In a Jan 11 release, the exchange revealed that blockchain startups have...