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Chainlink Addresses Concerns as Users Spot Subtle Alterations to Multisig
25.9.2023
Decentralized oracle network Chainlink (LINK) has responded to criticism regarding a recent alteration to the number of signers required on its multisig wallet.
The change, which reduced the required number of signatures from 4-of-9 to 4-of-8, sparked backlash from critics on social media...
South Korean Authorities Take Aim at Unregulated Crypto OTC Desks Amid Money Laundering Concerns
19.9.2023
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced...
Department of Justice: Sam Bankman-Fried's Proposed Jury Questions Raise Concerns
16.9.2023
The US Department of Justice has expressed concerns over the proposed jury questions put forth by Sam Bankman-Fried, suggesting that they may be unnecessarily intrusive and potentially intended to support his defense.
In a letter addressed to Judge Lewis Kaplan of the Southern District of...
Crypto Market Sees $55 Billion Outflow in August Amid Liquidity Concerns - Bitfinex Report
15.9.2023
As much as $55 billion in capital exited the crypto market in August, while both trading volumes and volatility remained at suppressed levels, a new report has revealed.
According to the report, published by crypto exchange Bitfinex on September 11, the massive outflows came from three major...
Hong Kong Lawmaker Addresses Vitalik Buterin’s Concerns on City's Crypto-Friendliness
15.9.2023
Hong Kong legislator Johnny Ng has extended an invitation to Buterin to gain a firsthand understanding of the region's regulatory environment and crypto-related strategies after the Ethereum co-founder questioned the city's crypto-friendliness.
Ng asserted that Hong Kong boasts a stable policy...
Ether Staking Landscape Gets Boost as SSV Mainnet Seeks to Dispel Centralization Concerns
14.9.2023
The launch comes as staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply
FTX Revises Crypto Asset Sale Proposal Amid U.S. Trustee's Concerns
14.9.2023
In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee.
In response to objections raised by the U.S. Trustee on their previous filings, FTX made significant revisions to their...
Bitcoin Price Prediction: Market Cap Plummets, Gensler Expresses Concerns, and Luno Restricts UK Investments
12.9.2023
As Bitcoin faces tumultuous waters, trading at $25,187 with a 2.16% decrease on Tuesday, the broader cryptocurrency landscape also experiences significant shifts.
The entire cryptocurrency market capitalization has plummeted below the $1 trillion threshold, largely influenced by major...
Environmentalists Rally Against Crypto Mining Facility Renewal in New York, Citing Climate Concerns
11.9.2023
Environmental advocates are redoubling their efforts to persuade New York officials to decline an air permit renewal for a cryptocurrency mining facility in North Tonawanda. They assert that the operation imperils residents’ quality of life and undermines the state’s climate objectives...
Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat
11.9.2023
Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions
Bitcoin Price Prediction: India Contemplates Crypto Regulation Amidst IMF-FSB Guidelines and CBDC Concerns
11.9.2023
On Monday, Bitcoin price experienced a minor decline of 0.50%, trading at $25,742. This shift in value comes amidst India's contemplation of regulating the cryptocurrency sector in alignment with the IMF-FSB guidelines.
While the move towards introducing Central Bank Digital Currencies (CBDCs)...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin
7.9.2023
European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is now in its final stage, preparing the ground...
Ethereum Co-Founder Vitalik Buterin Explores Privacy Protocol Amid Tornado Cash Concerns
7.9.2023
Ethereum (ETH) co-founder Vitalik Buterin has collaborated on a research paper that explores the development of a privacy protocol called Privacy Pools.
The paper aims to address concerns surrounding existing privacy platforms such as Tornado Cash while advocating for the coexistence of financial...
Infamous Chisel Targets Android Crypto Wallets, Raising Security Concerns
2.9.2023
Infamous Chisel, a new malware, is attacking crypto wallets on Android devices, posing serious security concerns for crypto users. The malware was discovered to be extracting sensitive data via the Tor network.
While there is no confirmation, the malware is suspected to be the work of Sandworm,...
US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan
1.9.2023
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a CBDC that can track your purchases like China does...
US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry
30.8.2023
Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential effects of these proposals...
Jacobi Spot Bitcoin ETF Gets ESG Label Amid Surging Energy Concerns
29.8.2023
Jacobi Asset Management has attached an ESG label to its Jacobi FT Wilshire Bitcoin ETF launched on the European market.
The classification of the fund by the issuer under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) signifies that it promotes environmental, social...
Republican Trio Voices Concerns on Fed's Influence on Stablecoin Regulation
29.8.2023
Three Republican lawmakers have lashed out at the Federal Reserve regarding its recent moves to strengthen oversight of banks' cryptocurrency and stablecoin activities.
In a Monday letter to Fed Chair Jerome Powell, the lawmakers argued that these actions are undermining their efforts to pass...
Bitcoin Shows Resilience Despite Rate Hike Concerns
29.8.2023
Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according to analysts. This comes after Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium last week, where he indicated that more rate hikes may be...