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Coinbase Shares Tips to Protect From Crypto Scams

29.8.2024
Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves from scams, such as verifying URLs and using...

Egyptian Fintech Firm Secures $3 Million to Grow Its Credit Services

26.8.2024
Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide...

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

25.8.2024
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation...

Kraken Crypto Exchange Fined by Australian Court

24.8.2024
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...

Gate Ventures, Abu Dhabi Blockchain Center Launch $100M Innovation Fund

21.8.2024
Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy...

Hong Kong issues generative AI guidelines for consumer protection

20.8.2024
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications

Seychelles Approves Bill on Virtual Asset Regulation

20.8.2024
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance...

Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

18.8.2024
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing...

Australian regulator claims 58% of crypto ads on Facebook are scams

15.8.2024
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams

Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession

15.8.2024
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy...

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

14.8.2024
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market...

U.S. CPI Rose 0.2% in July, Matching Expectations

14.8.2024

TON Crypto Ecosystem Gets Its Own Venture Fund to Invest $40M in Consumer Apps

14.8.2024
The TON ecosystem, originally started by Telegram, has seen explosive growth lately with web3 games such as Hamster Kombat attracting many millions of users

Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?

13.8.2024
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article...

New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra

13.8.2024
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected...

Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M

7.8.2024
Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine

3.8.2024
Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple...