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Infamous Chisel Targets Android Crypto Wallets, Raising Security Concerns
2.9.2023
Infamous Chisel, a new malware, is attacking crypto wallets on Android devices, posing serious security concerns for crypto users. The malware was discovered to be extracting sensitive data via the Tor network.
While there is no confirmation, the malware is suspected to be the work of Sandworm,...
US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan
1.9.2023
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a CBDC that can track your purchases like China does...
US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry
30.8.2023
Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential effects of these proposals...
Jacobi Spot Bitcoin ETF Gets ESG Label Amid Surging Energy Concerns
29.8.2023
Jacobi Asset Management has attached an ESG label to its Jacobi FT Wilshire Bitcoin ETF launched on the European market.
The classification of the fund by the issuer under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) signifies that it promotes environmental, social...
Republican Trio Voices Concerns on Fed's Influence on Stablecoin Regulation
29.8.2023
Three Republican lawmakers have lashed out at the Federal Reserve regarding its recent moves to strengthen oversight of banks' cryptocurrency and stablecoin activities.
In a Monday letter to Fed Chair Jerome Powell, the lawmakers argued that these actions are undermining their efforts to pass...
Bitcoin Shows Resilience Despite Rate Hike Concerns
29.8.2023
Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according to analysts. This comes after Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium last week, where he indicated that more rate hikes may be...
Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns
28.8.2023
Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.
According to local news reports, the country cites several reasons for the sudden decision ranging from electricity...
Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous Concerns
28.8.2023
Shibarium, the Layer 2 blockchain developed by the creators of memecoin Shiba Inu, is finally resuming token withdrawals via the bridge – a tool that transfers tokens across different networks....
Read More: Layer 2 Solution Shibarium Resumes Asset Withdrawals on Bridge, Alleviating Previous...
FTX suspends user accounts amid Kroll cyber breach concerns
27.8.2023
FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack
Sam Bankman-Fried's Legal Team Raises Concerns Over Trial Preparations
26.8.2023
Sam Bankman-Fried's attorneys have raised concerns regarding the measures taken by authorities for their client's upcoming criminal trial in October. In an August 25 submission to the United States District Court for the Southern District of New York, the legal representatives argued that...
PEPE Token’s Rapid 17% Fall Sparks Concerns Over Multi-Sig Wallet Changes and Massive Fund Transfers
25.8.2023
In the wake of the meme token’s meteoric ascent, pepe (PEPE) has plummeted by over 17% in the last 24 hours. Buzz on social media suggests a significant amount of funds held by the development team are being transferred to exchanges. Moreover, alterations have been made to the team’s...
BlackRock's BTC Wallet Sparks Concerns: A Closer Look at Their Intentions
24.8.2023
The cryptocurrency community remains undecided over the ownership of the third largest Bitcoin wallet. Many believe it belongs to BlackRock ahead of its Bitcoin ETF application that remains in limbo.
While many are cheering the news as one that represents a bullish narrative for the digital...
Mastercard and Binance End Partnership: Did Binance's Regulatory Issues Raise Concerns With Partners?
24.8.2023
Source: Binance
Global credit card behemoth Mastercard and leading cryptocurrency broker Binance have decided to part ways, according to a Reuters report. The partnership consisted of Binance offering a Mastercard-branded card to its users Argentina, Brazil, Bahrain, and Colombia.
Many in...
FTX Bankruptcy: Daily Legal Costs Mount to $1.5 Million, Raising Concerns Among Creditors
24.8.2023
The FTX bankruptcy saga has taken an alarming turn as daily legal expenses surge to a staggering $1.5 million, with creditors now sounding the alarm.
Lawyers and other bankruptcy professionals are racking up these costs while dissecting the remains of the major crypto exchange, CoinDesk reported...
Questions raised over SEC’s ETH perspective; LTC & TOADS seen as 2023’s big winners
23.8.2023
Winners and losers. Investors must select the former and avoid the latter. This was significantly more difficult in 2017. But at the current stage of development and all the research tools available to investors, this job has become far more straightforward. A classic strategy is the purchase...
BTC’s liquidity concerns spur shift to Polygon, DigiToads, & Litecoin
22.8.2023
The recent news of Elon Musk’s aerospace company, SpaceX, liquidating its entire Bitcoin (BTC) holdings, valued at around $373 million, has sent speculation through the cryptocurrency market. This unexpected move comes amid concerns about the market’s stability, spurring a shift...
Bitcoin Price Prediction: Dollar Instability, De-Dollarization Effects, China's Concerns
21.8.2023
The BTC/USD is currently experiencing a decline of 0.25%, with its trading price at $26,025. Amidst the backdrop of dollar instability, there arise significant challenges to the ongoing efforts of de-dollarization, ultimately posing potential ramifications for Bitcoin's prices.
Furthermore...
Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns
21.8.2023
Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions
Philippine National Police Warns Citizens On Axie Infinity’s Play-to-Earn Model, Cites Security Concerns
17.8.2023
The Philippine police has raised alarms on blockchain gaming saying it may be riskier than investing in cryptocurrencies if capitalized by bad actors.
In a new statement, the Philippine National Police Anti-Cybercrime Group (PNP ACG) says citizens should be wary of the risk of being extorted...
Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?
17.8.2023
Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move....
Read More: Critics Raise Concerns Over Gitcoin's Shell Partnership: Is It Truly 'Greenwashing'?