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Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
4.7.2022
The app developer had bought BTC 940.89 and ETH 31,000 in spring of 2021
Can Mehracki (MKI) Compete Against Prominent Crypto Coins Like Amp (AMP)?
4.7.2022
Are you familiar with the crypto crash 2022? Recently, the crypto market faced an inevitable and uncertain fall leaving all crypto giants to suffer immense losses. Following this event, many new coins have come out with the hope of fixing the loss faced by a vast population of adopters. Mehracki...
Haters to unite at the first conference for crypto skeptics
4.7.2022
The anti-crypto conference hopes attendees will get a chance to speak face-to-face with government officials to share their skepticism about the industry
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad
4.7.2022
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies...
British Army’s social media accounts hacked by crypto scammers
4.7.2022
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams
Sango crypto hub goes live in the Central African Republic
4.7.2022
Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking sector
Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow
4.7.2022
India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks...
SBF denies FTX is eyeing distressed crypto mining companies
4.7.2022
Sam Bankman-Fried said that crypto miners did not fit into the company’s core strategy and there is no synergy from an acquisition standpoint
Mad Money’s Jim Cramer Says Crypto Immolation Shows the Fed’s Job to Tame Inflation Is Almost Complete
4.7.2022
The host of Mad Money, Jim Cramer, claims that “With the immolation of crypto, the Fed’s job is almost complete.” He stressed that “one front in the war on inflation that’s been an outstanding total victory for the Fed” is the battle against financial...
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website
4.7.2022
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure....
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen
3.7.2022
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions —...
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...
Hard Times in Crypto: the Unintended Consequences of Going Public
3.7.2022
The third and final reflection on a series of risks we’re thinking about during these crypto down days
The crypto industry needs a crypto capital market structure
3.7.2022
The DeFi industry needs a sound market structure and systemic independence from current transactional systems
Tax Agency Starts Checking Crypto Traders in Romania
3.7.2022
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million...
Crypto’s ongoing crisis is an opportunity for realignment
3.7.2022
The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both
The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks
3.7.2022
Gigi is a Bitcoin educator, author of '21 Lessons', and software engineer.
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It can’t be said often enough: Bitcoin is confusing. However, it’s not complicated like a Rube Goldberg machine is complicated. It’s just very foreign and thus very misunderstood—it is a completely new thing....
Israel’s regulator teases comprehensive crypto framework at ICC
3.7.2022
This year’s annual Israel Crypto Conference was focused on regulation and CBDCs: The regulated status of cryptocurrencies would open many doors of possibilities
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
3.7.2022
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook...
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government
3.7.2022
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase...