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Sekuritance Is Here to Boost Public Confidence in Blockchain Transactions
23.5.2021
Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance...
France Rejects Russian Request to Extradite BTC-e Operator Alexander Vinnik
22.5.2021
Judicial authorities in France have refused to grant the extradition request filed by Russia for Alexander Vinnik. According to the Russian Ombudsman, Vinnik is now ready to start a new hunger strike despite his health deteriorating after spending almost four years in detention. Court Case Against...
5 Ways to Make Money on Cryptocurrency in the Era of Coronavirus
21.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
The pandemic has changed the rules of the game, not only for business, but in fact, has affected everyone. The words quarantine and remote work have become commonplace in our everyday life. Those companies...
Even The Mormon Church Made Money On GameStop
19.5.2021
The Church of Jesus Christ of Latter-Day Saints (known to everyday people as the Mormons) made bank off the boom in GameStop stock earlier this year, new SEC filings reveal. The Church saw a gain of over 900% on stock owned through its secretive investment arm, Ensign Peak Advisors.Read more
Twitch Takes Away Biggest Hot Tub Streamer's Ability To Make Money Off Ads
18.5.2021
Kaitlyn “Amouranth” Siragusa is one of the most popular female streamers on Twitch. As of now, she can no longer make money off ads on her channel.Read more
‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin Hasn’t Found a Floor Yet’
18.5.2021
The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink...
Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe
18.5.2021
Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals...
State-backed digital currencies can disrupt financial systems: Report
18.5.2021
While CBDCs could help central banks address the decline in cash payments, some risk factors remain
Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn
18.5.2021
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage...
Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021
17.5.2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter...
Banking system consumes two times more energy than Bitcoin: research
17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year
DeFi growth helps push crypto’s share of the global money supply above 2%
16.5.2021
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption
Ciphertrace Report Shows Crypto Crime Moving to Defi
15.5.2021
Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams...
Auto-Generated Social Media Images
14.5.2021
I’ve been thinking about social media images again. You know, the images that (can) show up when you share a link in places like Twitter, Facebook, or iMessage. You’re essentially leaving money on the table without them, because they …
The post Auto-Generated Social Media Images...
Lawsuit Claims Onecoin’s ‘Cryptoqueen’ Ruja Ignatova Holds 230,000 Bitcoin
14.5.2021
One of the ringleaders of the largest crypto Ponzi schemes, Onecoin’s Ruja Ignatova, otherwise known as the “Cryptoqueen,” allegedly owns 230,000 bitcoin worth over $11 billion today. Court documents filed by victims of the Onecoin scheme indicate that she received the bitcoins...
UK will likely need to issue a digital currency, says BoE deputy governor
14.5.2021
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...
Floyd ‘Money’ Mayweather to Launch Legacy NFTs Ahead of Fight With Logan Paul
13.5.2021
Boxing legend Floyd Mayweather will release his own NFTs before the upcoming bout with Youtuber Logan Paul. The exclusive collection celebrates Mayweather’s legacy in life and sport with unique items. Floyd remained undefeated throughout his professional career after winning major titles...
Binance Faces DOJ Probe as Investigators Target Crypto Money Laundering and Tax Evasion
13.5.2021
Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. The investigation will also include inquiries from the Internal Revenue Service (IRS), which...
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...