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Financial system ‘outdated’ but crypto is no fix either: US swing voters
8.5.2024
In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is "outdated" and in need of an overhaul, but most didn’t think crypto was the answer either
Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances
8.5.2024
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports...
India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
8.5.2024
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor...
Top Crypto Gainers Today on DEXScreener – WALLETAI, BOBO, MEW
8.5.2024
On a mostly bearish day in the cryptocurrency market on Tuesday, Render (RNDR), Kaspa (KAS) and Tron (TRX) are top crypto gainers today and some of the only coins trading in the green over the past 24 hours.
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Poloniex Hacker Reportedly Funnels $3.4 Million through Tornado Cash Mixer
8.5.2024
The famous hacker from Poloniex who caused the Bitcoin exchange's security breach the previous year is again on the loose. In an attempt to launder the stolen money, the burglar transferred 1,100 Ethereum (ETH), worth $3.4 million, to the authorised cryptocurrency mixer Tornado Cash on May 7.
The...
SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’
8.5.2024
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it...
Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals
8.5.2024
Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from...
‘Big Short’ Investor Calls Crypto One of the ‘Great Themes of Our Time,’ But He’s Not a Believer
7.5.2024
In a recent interview on Bloomberg Television, Steve Eisman of Neuberger Berman, who gained prominence from “The Big Short,” shared insights on the impending U.S. election and his investment strategies. Eisman identified three significant current themes, including cryptocurrency...
New South Korean leadership will press for BTC ETF trading
7.5.2024
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
7.5.2024
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals...
Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
7.5.2024
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows...
Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
7.5.2024
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval...
3 altcoins to watch amid 2024 market speculation
7.5.2024
The crypto market rejoiced in 2024 as the year brought the industry back to its feet. While the market has entered a slight slump in the past several weeks, the year has been a lifesaver for cryptocurrencies for the most part. That is why investors are trying to find the best altcoins amid market...
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
7.5.2024
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers...
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office
Hong Kong will possibly become the hub of global crypto firms
7.5.2024
As crypto regulators in the US step up their scrutiny of the industry, crypto companies and founders are seeking for more welcoming environments abroad to fuel their expansion. Notably, global crypto firms and entrepreneurs are relocating to Hong Kong for opportunity and refuge. The crypto industry...
Australia cracks down on taxes, requests crypto exchange client data
7.5.2024
Australia has escalated its efforts to bolster tax compliance and combat potential tax evasion within the burgeoning cryptocurrency sector by seeking client data from cryptocurrency exchanges operating within its jurisdiction. This latest development underscores the Australian government’s...
Nigerian officials proposed secret crypto settlement, claims Binance CEO
7.5.2024
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them
Nigeria to ban peer-to-peer crypto trading in naira
7.5.2024
Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges, custodians firms “in the coming days.”
Filecoin releases key report summarizing its Q1 2024 performance
7.5.2024
Filecoin recently shared its Q1 2024 report with the general public. The report showcased an overview of the network’s performance this year. According to the report, Filecoin’s storage market has grown remarkably in 2024. Its active deals have gone up 9% in the Quarter-on-Quarter analysis....