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Scammers Banked $59 Million in Crypto Exploiting Google Ads
22.12.2023
Source: Adobe / zedtox Scammers have over the past nine months used a wallet-draining service named “MS Drainer” to siphon around $59 million worth of crypto from numerous victims, according to a recent report by blockchain security firm Scam Sniffer. The scam operated through Google...
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
22.12.2023
The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the foreign exchange market stabilizing in 2024. Official...
Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report
22.12.2023
Source: Yevgeniy Vershinin/Adobe Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout. Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking...
Big Rise in New Spanish Crypto Firms Recorded in 2023, Says Central Bank
22.12.2023
Source: bin/Adobe Spain’s Central Bank says the number of licensed crypto-related firms in the country grew by 50% in 2023. Per data released by the bank, as well as a report from Criptonoticias, the bank has recently given some 30 firms operating permits. The list of Bank of Spain-approved crypto...
Ethereum’s Upcoming Upgrade ‘Cancun-Deneb’ Set to Begin Testing on January 17
21.12.2023
Source: AdobeStock / Sergey Nivens Ethereum’s upcoming upgrade, “Cancun-Deneb” (also known as “Dencun”), is set to begin testing on January 17, as per an official note published on the Ethereum Github repository. According to the latest Ethereum All Core Developers...
Coinbase Expands Into France With Acquisition of VASP License Ahead of MiCA
21.12.2023
Source: Pixabay Coinbase has received regulatory approval from France’s Financial Markets Authority to conduct business as a digital asset trading venue. According to a CNBC report published on Tuesday, Coinbase has secured a virtual asset service provider (VASP) license from the Financial Markets...
Matrixport Expects a $50,000 Bitcoin Price Within Weeks – Here’s Why
21.12.2023
Source: Pixabay Digital asset financial service platform, Matrixport projects a $50,000 Bitcoin (BTC) price towards the end of January 2024 as the market expects an approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). In a recent report, the firm noted they expect an...
Circle Informs Clients of IRS Inquiry Into $20K Annual Transactions
21.12.2023
Numerous advocates of digital currencies report that Circle Internet Financial has been reaching out to its clients about a summons received from the Internal Revenue Service (IRS). Circle has stated that it is obliged to submit records concerning U.S. taxpayers who have engaged in transactions...
Last Minute Crypto Gift Ideas for Tech Natives and Newcomers
21.12.2023
Cryptocurrency is a hot topic of conversation, especially during the holidays. This is becoming the case even more so as Bitcoin gains traction. A recent report from Bitcoin financial services firm Unchained found that one in four Americans already own Bitcoin. Additional findings from Unchained...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
21.12.2023
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...
Gary Gensler Set to Hold Crypto Regulation Talks with Head of South Korea’s Financial Regulator: Report
20.12.2023
Source: Pixabay The head of South Korea’s Financial Supervisory Service plans to meet with SEC Chair Gary Gensler to discuss crypto regulation. According to a report published Monday in South Korean news outlet Chosunbiz, Lee Bok-hyun, head of South Korea’s Financial Supervisory Service (FSS),...
99% of Law Enforcement Needs More Crypto-related Training, New Report Reveals
20.12.2023
A new survey conducted by blockchain intelligence company TRM Labs has revealed that 99% of law enforcement needs more training on crypto. “Extremely” complex cases The survey collected responses from 300 law enforcement professionals around the globe, 93% of which were from US law enforcement...
South Korea's Financial Regulations Chief to Meet SEC Chairman Gensler Next Month: Report
20.12.2023
The two aim to strengthen cooperation on crypto regulations before South Korea's new crypto laws go into effect next year
Report Highlights USDT’s Role in the Underground Economy of Cambodia
20.12.2023
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...
Over 40 Countries Forge Ahead with Cryptocurrency Regulation and Legislation: PwC
20.12.2023
Image by motortion, Adobe Stock. More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption. According to a recent report from professional services firm...
Messari CEO Expects Bitcoin to Remain the Unstoppable “Godzilla of Finance” in 2024
20.12.2023
Source: Adobe Stock Messari CEO Ryan Selkis has likened Bitcoin (BTC) to the unstoppable “Godzilla of finance,” emphasizing its enduring position as the leader in the crypto market. In his annual report outlining the key trends within the crypto industry, the crypto boss said...
Coinbase 2024 Outlook Marks End of Crypto Winter, Ordinals Leading NFT Shift, Heralds Era of Prosperity
19.12.2023
As the crypto market navigates through a transformative era, Coinbase’s 2024 Crypto Market Outlook provides insights and predictions. The report, encompassing data up to November 30, 2023, delves into pivotal crypto market shifts and institutional practices. Coinbase’s 80-Page 2024...
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
19.12.2023
Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...