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New Tool Allows Bitcoin Holders to Store Private Keys as Colors
12.7.2023
One of the challenges crypto investors face is the issue of asset loss. Sometimes, scammers steal users’ assets when they access their private keys.
Other times, the government can seize an investor's crypto assets when flagging them for illegal transactions or other cases unrelated to crypto. ...
Google Play Embraces Digital Assets & NFTs: What You Need to Know
12.7.2023
In an unprecedented move, Google Play, the popular Andriod app and game marketplace, has announced policy changes to allow the integration of digital assets such as non-fungible tokens (NFTs) into its platform.
Google Play Group Product Manager, Joseph Mills, unveiled the policy shift on Wednesday...
IMF Highlights Climate Change and DAOs as Major Threats to the Marshall Islands
12.7.2023
The International Monetary Fund (IMF) has identified climate change and decentralized autonomous organizations (DAOs) as potential threats to the Republic of Marshall Islands. Therefore, the IMF urges reforms in light of these challenges.
On July 9, the IMF published its disclosure titled...
Former CFTC Chair: Crypto Regulations Must Not Wait for Litigation, Standards Needed Today
12.7.2023
A crackdown on the crypto industry in the US should not wait for litigation in courts to conclude, but instead move forward with temporary restraints while the courts do their work, a former regulator has said.
Speaking with CNBC on Monday, Timothy Massad, former chairman of the Commodity Futures...
Singapore's Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
12.7.2023
Singaporean investment conglomerate Temasek has decided to drop its plans to invest in crypto exchanges, due to regulatory uncertainties.
In an interview with CNBC, Temasek’s Chief Investment Officer Rohit Sipahimalani revealed the bitter experience of writing down its entire $275 million...
South Korea To Require Firms To Disclose Crypto Holdings Starting 2024
12.7.2023
South Korean firms that hold or issue cryptocurrencies will be required to disclose information about their transactions to the financial regulator starting next year.
The Financial Services Commission (FSC) of South Korea announced Tuesday that domestic companies that engage with crypto will have...
Bank for International Settlements Rejects Crypto as Money in Report to G20
12.7.2023
A new report from the Bank for International Settlements (BIS) has pointed to “inherent structural flaws” in crypto as the reason why it will never become money.
In the report, the BIS made it clear that it believes crypto has problems related to its “stability and efficiency,” while also...
Hong Kong's Grey Zone Crypto Stores Draw in Chinese Visitors
12.7.2023
According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits.
This surge in interest can be attributed to the stringent regulations...
Moonriver and Turing Network create HRMP channel
12.7.2023
Following the testing of Moonbase Alpha and OAK Network’s staging situation, Moonriver and Turing Network parachains which are built on Kusama, are creating an HRMP channel between parachains for building advanced automation functions with the utilization of XCM within the Moonriver ecosystem....
US Senators Cynthia Lummis and Kirsten Gillibrand Propose Legislation to Regulate Digital Assets
12.7.2023
US Senators Cynthia Lummis and Kirsten Gillibrand are set to propose a new bill today to regulate cryptocurrencies and other digital assets in the country.
Lummis and Kristen will reintroduce their Responsible Financial Innovation Act amid the ongoing debate about the future of digital asset...
New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
12.7.2023
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models...
Russians ‘Can Pay Taxes on Their Crypto Earnings’ – Despite Crypto’s Lack of Legal Status
12.7.2023
The Russian tax body says that citizens “can pay” taxes on their crypto earnings, despite the fact that tokens have no legal status in the country.
In another sign that the government appears to be sending mixed messages about its stance on crypto, the Federal Tax Service (FTS) stated that crypto...
Billionaire Winklevoss Twins and DCG's Barry Silbert Dispute Takes a Nasty Turn
11.7.2023
Cameron and Tyler Winklevoss, the billionaire twins who owns crypto exchange Gemini, may have a hidden agenda with their lawsuit against Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a recent Fortune article has suggested.
According to the article, there is a chance that...
Rich Dad Poor Dad Author Robert Kiyosaki Predicts US Dollar's Demise Imminent as BRICS Nations Soon to Unveil Gold-Backed Crypto
11.7.2023
Robert Kiyosaki – author of the famous personal finance book Rich Dad Poor Dad – is bearish on the U.S. dollar after BRICS nations reportedly agreed to establish a gold-backed currency.
The agreement, reported by Russia Today (RT) last week, will supposedly be officially announced in August at...
DOJ Charges 25-Year-Old with Stealing $450,000 in NFTs and Crypto from OpenSea
11.7.2023
A Moroccan man, Soufiane Oulahyane, aged 25, has been charged by the Department of Justice (DOJ) for his alleged involvement in stealing approximately $450,000 worth of cryptocurrency and non-fungible tokens (NFTs).
Oulahyane is accused of creating a fake version of the popular marketplace...
Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
11.7.2023
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens...
Apple vs. Zapple Pay: Bitcoin Tipping on Damus App Challenges App Store Policies
11.7.2023
In June, Apple (AAPL) threatened to remove the Bitcoin-friendly social media app, Damus from its App Store, which led to the rise of Zapple Pay. The reason behind this threat is Damus' feature that allows users to tip each other with bitcoin (BTC) on the app, which Apple considers equivalent...
Crypto Sleuth Claims YouTuber 'Blue' Used NFT Drainer Tech to Carry Out $1.5 Million Scam
11.7.2023
Crypto sleuth ZachXBT has alleged YouTuber known as Blue or Jack used NFT drainer tech Monkey and other similar services to steal $1.5 million.
ZachXBT’s investigation revealed that the YouTuber was involved in multiple crypto scams and stole millions of dollars.
Before turning to crypto scams...
PancakeSwap & GoogleCloud join hands to revolutionize trading
11.7.2023
Google has entered the big picture of trading amid the rising trend of decentralized finance, DeFi. This is through GoogeCloud and a partnership with PancakeSwap. The Cloud service platform is granting access to its cutting-edge technology and scalable resources to PancakeSwap, enabling the venture...
South Korean Pop Star Says He Lost ‘$77,000’ on Crypto Investment
11.7.2023
Seo Chul-goo (aka Xitsuh), a South Korean pop star, rapper, and TV personality, says he “lost” up to $77,000 on bad crypto investments.
The star and his fiancee Lee Young-joo appeared on the E Channel TV talk show “Love of a Lifetime” (literal translation), where he discussed his precarious...