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Crypto enthusiasts warn against naira trade ban on exchanges
8.6.2024
Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services
Bitcoin open interest goes meteoric; traders now warn of a ‘whipsaw’
6.6.2024
Bitcoin’s OI jumped $2.02 billion over three days, sparking concerns among traders about a potential “whipsaw” event
Former OpenAI, Anthropic employees call for 'right to warn' on AI risks
4.6.2024
Former OpenAI, Anthropic, and DeepMind employees urge AI companies to expand whistleblower protections to publicly address AI risks amid growing concerns over the “deprioritization” of safety
Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
3.6.2024
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth...
Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide
30.5.2024
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said
Bitcoin surges 16% in May, but analysts warn of correction ahead
20.5.2024
Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant...
DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn
17.5.2024
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s...
Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
US lawmakers warn of Iranian crypto miners threatening national security
2.5.2024
According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations
Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
30.4.2024
With the US reportedly cutting off Venezuelan oil sales by May 31, experts warn that the country’s likely shift towards digital currency necessitates stricter regulations.
The post Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny appeared first on Cryptonews
Bitcoin Price Prediction: BTC Hits $60,500 in Descending Channel, Potential Sell-Off Looms
19.4.2024
As Bitcoin hovers around $60,547, analysts warn of more declines within a descending channel, raising concerns about future sell-offs.
The post Bitcoin Price Prediction: BTC Hits $60,500 in Descending Channel, Potential Sell-Off Looms appeared first on Cryptonews
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...
Analysts forecast DeeStream (DST) Q2 surge while warning of potential declines for XRP & Litecoin (LTC)
1.4.2024
The cryptocurrency market had a great start to the year, mainly buoyed by the approval of multiple spot Bitcoin (BTC) ETFs in the U.S. However, the market tumbled after a major sell-off that liquidated more than $900 million from leveraged long traders in March. Despite this setback, analysts...
Infrastructure Providers Warn of ASIC Scarcity for Bitcoin Miners
29.2.2024
Bitcoin (BTC) miners have begun to express a number of concerns ahead of the next halving event, which is set to occur in April. During the halving, the Bitcoin mining reward will be cut from 6.25 BTC to 3.125 BTC. Additionally, the Bitcoin network’s hash rate recently reached an all-time high...
User Alert: Tornado Cash Developers Warn of Risk to Funds Deposited Since Jan. 1
26.2.2024
Tornado Cash developers have issued a scam warning to cryptocurrency users who made deposits via the IPFS’ gateways between Jan. 1 and Feb. 24. Developers suspect that an exploiter may have “leaked” Tornado Cash deposits during this period to a server under their control....
South Korean Crypto Chat App Channel Scams on the Rise, Warn Police
22.2.2024
South Korean crypto scammers are targeting chat app users on trading- and investment-themed channels, police warned on February 21.
The post South Korean Crypto Chat App Channel Scams on the Rise, Warn Police appeared first on Cryptonews
Singapore Police Warn About ‘Crypto Drainers’ Stealing Cryptocurrencies From Wallets
3.2.2024
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are increasingly leveraging crypto drainers to target...
Experts Warn of Financial System Risks as Bitcoin ETFs Bridge Gap between Crypto and TradFi
31.1.2024
The recent launch of exchange-traded funds (ETFs) tracking Bitcoin (BTC) has sparked concerns among experts about the potential risks that could emerge as cryptocurrencies become further intertwined with the traditional financial system. The Securities and Exchange Commission (SEC) approved 11 spot...
The Protocol: Ethereum Developers Warn on 'Diversity Problem'
24.1.2024
In this week's issue, a focus on Ethereum's "diversity problem," the week's biggest blockchain project upgrades and highlights from Electric Capital's annual report on developer activity. PLUS: We've got an exclusive interview with a top architect behind the XRP Ledger
Australian Government Official to Question Regulator Over Its Failure to Warn Crypto Investors
10.1.2024
The Australian government’s assistant treasurer, Stephen Jones, has stated his intention to query the country’s securities regulator over its failure to warn investors about the risks of investing in the now-collapsed crypto investment firm Hyperverse. Jones stated that a “bunch”...