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Dozen Crypto Companies Await Portugal License Despite Bank Account Closures
8.8.2022
The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among...
KBW 2022: Crypto.com hits key regulatory milestone in South Korea
8.8.2022
“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek
The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000
8.8.2022
This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during...
Vitalik: Crypto payments will 'make sense' as tx costs fall to mere cents — KBW 2022
8.8.2022
“It's a vision that has been, I think, forgotten a little bit and I think one of the reasons why it has been forgotten is basically because it got priced out of the market,” Vitalik Buterin said
Aurora Labs exec details 'fascinating and devious' crypto scam he almost fell for
8.8.2022
A sharp-eyed escrow agent and a screenshot saved Aurora Labs' head of product Matt Henderson from losing his tokens to scammers
3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets
8.8.2022
Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so...
Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’
8.8.2022
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests...
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
7.8.2022
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with...
Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’
7.8.2022
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education...
China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review
7.8.2022
From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions...
Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms
7.8.2022
Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts...
The UK cannot afford to send mixed messages on crypto
7.8.2022
Regulators have expressed conflicting messages about whether the U.K. is a good place for cryptocurrency development to occur
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
7.8.2022
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across...
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
7.8.2022
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning numerous tweets by CZ and Wazirx’s founder regarding whether Binance...
Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’
7.8.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has bought the dip during the recent cryptocurrency market sell-off. He added: “Now crypto itself desperately needs policy. It needs regulation.” Kevin O’Leary Buys the Dip, Comments on Bitcoin Price Kevin...
Alleged BTC-e Operator Alexander Vinnik in US Custody After Immediate Extradition From Greece
6.8.2022
Russian IT specialist Alexander Vinnik, accused of owning and running the infamous crypto exchange BTC-e, has been handed over to the U.S. This week, Greek authorities proceeded with the extradition, after his return from France, despite Vinnik’s defense protesting the move and calling...
Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6
6.8.2022
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
6.8.2022
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash...
Debridge Finance Suspects North Korean Hacking Syndicate Lazarus Group Attacked the Protocol’s Team
6.8.2022
According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams that the campaign is likely widespread. Lazarus Group Suspected of Attacking Debridge Finance Team...
In Crypto Winter, Jesse Powell’s Pirate-King Leadership Style Might Be the New Normal
6.8.2022
Less than 1% of employees have taken the CEO’s buyout offer since he laid down the law on culture. Is Kraken a “based” place to work, or just somewhere to ride out crypto winter?