Are market conditions favoring Bitcoin’s reemergence in 2024?


The crypto market enjoyed a speedy recovery in 2023 after a tumultuous bear market in 2022 that left many crypto companies insolvent. The recent rally in cryptocurrency prices aligns with the economic cycle, centering around the Bitcoin halving event that is coming around in April 2024. Bitcoin...

Bank of Russia Supports Cryptocurrency Usage for International Settlements


The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...

Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme


United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such...

Binance Executive Located in Kenya After Escaping Nigerian Custody


Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition....

South Korean ‘Crypto Tax Crackdown’ Moves to Another City


The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. The post South Korean ‘Crypto Tax Crackdown’ Moves to Another City appeared first on Cryptonews

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