Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Mastercard to Provide Banks with Tools to Access Cryptocurrencies
Reading Time: < 1 minute Mastercard has partnered with Paxos to act as an intermediary for traditional financial institutions to launch crypto trading.
UK Will Simplify Crypto Confiscation in Terrorism Cases
Reading Time: < 1 minute The UK authorities plan to make it easier for law enforcement agencies to confiscate digital assets used to finance terrorism.
FTX Intends to Launch a Visa Debit Card in 40 Countries
Reading Time: < 1 minute Cryptocurrency derivatives exchange FTX has announced it intends to launch a Visa debit card in more than 40 countries in Latin America, Europe and Asia.
Brazil’s Police Uncover €780 Million Crypto Pyramid Scheme
Reading Time: < 1 minute The Brazilian police have raided 20 addresses in three states linked to a €780 million international cryptocurrency fraud case.
Crypto Industry Lost $428M from Hacks and Scams in Q3
Reading Time: < 1 minute The cumulative losses of the Web3 ecosystem from hacks and fraud amounted to $428.7 million for the third quarter of the year.
Russia May Introduce a Ban on Crypto Transactions
Reading Time: < 1 minute Anatoly Aksakov has recently proposed to legally ban the use of cryptocurrencies as a means of payment in Russia and hold accountable for settlements in them.
Russia Will Remove Restrictions on Crypto International Payments
Reading Time: < 1 minute The Ministry of Finance of Russia wants to allow international payments in cryptocurrencies for any industry without restrictions.
CoinShares: Crypto Funds Are Recording a Slight Inflow of Funds
Reading Time: < 1 minute The inflow of funds into cryptocurrency-based investment products from September 24 to September 30 amounted to $10.3 million.
IMF: The Concentration of Control From Exchanges in PoS Networks Poses Risks
Reading Time: < 1 minute The Proof-of-Stake (PoS) consensus algorithm could lead to “an excessive concentration of decision-making power in the hands of crypto exchanges and custodial service providers, with risks to market integrity.”
Japan Plans to Tighten AML Procedures Through Cryptos
Reading Time: < 1 minute The Japanese government plans to introduce new rules to tighten the fight against the laundering of illegally obtained funds using digital assets.
Crypto Wallet Maker OneKey Attracts $20M
Reading Time: < 1 minute OneKey, a Hong Kong-based open source hardware wallet maker, has recently completed a $20 million Series A funding round led by Dragonfly and Ribbit Capital.
The UK Proposes to Simplify Crypto Withdrawal
Reading Time: < 1 minute The UK’s Parliament plans to consider a bill aimed at combating cybercrime and money laundering.
Binance CEO: Bearish Cycles Are Beneficial for Crypto Market
Reading Time: < 1 minute Binance CEO has said that in the long term, bearish sentiment is more beneficial for the cryptocurrency market than a seemingly endless uptrend.
JPMorgan CEO: “Cryptocurrencies Are Decentralized Ponzi Schemes”
Reading Time: < 1 minute Jamie Dimon, CEO of JP Morgan, has said that cryptocurrencies are “decentralized Ponzi schemes,” but blockchain technology has potential.
Crypto Fraud Suspect to Pay $3.7B in Brazil
Reading Time: < 1 minute A court from Rio de Janeiro has ordered the founder of GAS Consultoria to deposit $3.7 billion to pay a compensation to the victims of a cryptocurrency fraud.
Australian Senator: “The Digital Yuan is a Threat to National Security”
Reading Time: < 1 minute Senator Andrew Bragg of the Australian state of New South Wales has announced a new digital asset bill.
Crypto Custodian HyperBC Obtains a Lithuanian Financial License and Focuses on Regulatory Frameworks
Reading Time: 3 minutes HyperBC Group has acquired a Lithuanian financial license no. 305790868 to expedite its global compliance operations.
Russia Plans to Introduce Cryptos into the Country’s Civil Code
Reading Time: < 1 minute Russia has recently proposed to legalize cross-border crypto transactions in 2023, however, this will require changes in the Civil Code.
Fireblocks Annual Revenue Hits $100M
Reading Time: < 1 minute Crypto company Fireblocks has announced it has reached $100 million in annual revenues.
SEC Chairman Supports Power Transfer on Crypto to CFTC
Reading Time: < 1 minute The SEC Chairman Gary Gensler plans to support the US Congress granting additional powers to regulate the crypto market to the CFTC.
UK FCA Warns Investors Against Crypto Influencers
Reading Time: < 1 minute The FCA, the UK’s financial regulator, has recently warned investors about the risks of financial advice from influencers promoting crypto and forex trading.
Europol: Cryptocurrencies Are a Tool to Fight Crime
Reading Time: < 1 minute Europol representatives have said that blockchain, thanks to its transparency, provides the authorities with a qualitatively new way to fight organized crime in the financial sector.
David Rubenstein Has Invested in Crypto
Reading Time: < 1 minute Carlyle Group co-founder David Rubenstein, has said he has invested in crypto companies.
Vitalik Buterin Says That The Current Bearish Cycle in Crypto Market is Expected
Reading Time: < 1 minute Ethereum co-founder Vitalik Buterin has stated he is confident that the previous cryptocurrency bull market would end sooner or later.
MicroStrategy is Accused of Evading $25 Million in Taxes
Reading Time: < 1 minute The District of Columbia has just filed a lawsuit against MicroStrategy and its CEO.
