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US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding
10.11.2023
Source: Adobe Stock/ sveta The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days. According to the U.S. Deputy Treasury Secretary Wally Adeyemo, more actions will be taken in the coming days and weeks to cut funding channels to Hamas...
Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study
10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...
Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation
10.11.2023
Source: vladim_ka/Adobe The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated...
Bitcoin and Life Insurance: CEO Zac Townsend’s Unique Perspective
9.11.2023
Life Insurance. Source: Adobe / zimmytws Bitcoin (BTC) is the perfect financial asset to form the foundation of a life insurance product, according to Meanwhile CEO Zac Townsend. In a recent interview with Axios, the executive explained how and why his life insurance company uses BTC as its sole...
BIS Research Report: Stablecoins Not Secure as Store of Value
9.11.2023
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able...
ARK Invest Adds $9.5M Worth of Robinhood Shares to Its Innovation Portfolios
9.11.2023
Source: Adobe Popular crypto-friendly investment firm ARK Invest has significantly increased its stakes in the commission-free investing app Robinhood. According to a November 8 investment sheet posted online, the investment firm secured 1,141,046 units of Robinhood shares, amounting to...
CertiK Data Highlights Significant Slowdown in New Cryptocurrency Launches
9.11.2023
Source: Adobe / Andrii Yalanskyi Recent data from blockchain security firm CertiK has revealed a noteworthy slowdown in the creation of new cryptocurrencies, with the pace now reaching its slowest in three years. Citing data shared by CertiK, CoinDesk on Wednesday reported that the third quarter...
Cryptocurrency Adoption Skyrockets in South and Central Asia, Driven by Real-World Use Cases: Chainalysis
9.11.2023
Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency...
Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Breaking: BlackRock Registers iShares Ethereum Trust in Delaware – Is a Spot ETH ETF Coming?
9.11.2023
Ethereum Logo Shooting Higher on a Rocket / Source: Adobe The price of Ether (ETH), the cryptocurrency that powers the Ethereum blockchain, is shooting higher on Thursday in wake of the news that US asset management giant BlackRock just registered the iShares Ethereum Trust in Delaware. BlackRock...
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?
9.11.2023
Source: Adobe / Who is Danny In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year....
Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing
9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...
Russians Will Be Able to ‘Withdraw’ Digital Rubles as Cash at ATMs
9.11.2023
Source: motortion/Adobe A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs. Per Izvestia, VTB Bank has developed a solution that lets CBDC holders instantly convert their digital rubles to banknotes at any of...
Gaming Giant WeMade’s ‘Controversy-hit’ Token ‘Relisted’ in South Korea
9.11.2023
Source: terovesalainen/Adobe The South Korean gaming behemoth WeMade has scored a success by securing a new domestic crypto exchange listing for its WEMIX coin. Per Chosun Ilbo, the Gopax exchange began trading in WEMIX pairs from 5pm KST on November 8. Controversy struck for the coin and...
Smart Money Is Moving into This AI Crypto – Here’s Why
8.11.2023
Launchpad XYZ’s presale of its AI crypto LPX token has raised nearly $2 million so far. Image by Pol Solé, Adobe Stock. Artificial Intelligence‘s integration into the financial sector has sparked a new wave of investment strategies, particularly within the cryptocurrency industry....
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
Here Are 3 Reasons Why Now is a Good Time to Buy Bitcoin
8.11.2023
Bitcoin Logo / Source: Adobe Last trading in the $35,300s and only just below recent yearly highs in near $36,000, Bitcoin (BTC) is up a stunning more than 110% on the year. Having been as much as 77% down from its all-time highs when it fell into the $15,000s last year, Bitcoin has now managed...
CFTC States 50% of Reported Cases Involved Crypto in Released Enforcement Results
8.11.2023
Source: Adobe The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023. As detailed in an official document dated November 7, the government agency reported its pursuit of...