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Thai Government’s Digital Wallet Stimulus Plan Under Scrutiny
9.1.2024
Source: AdobeStock / kikujungboy Has the Thai government’s plan to deposit money in citizens’ digital wallets received approval from the legal adviser? Depends on whom you’re asking. The confusion began on Sunday. According to The Nation, the Council of State has given its opinion...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...
Crypto Guide for Seniors
26.12.2023
Source: Pixabay It’s never too late in life to dabble in cryptocurrency investing – For seniors unfamiliar with the sector cryptocurrency is a type of digital or virtual currency that uses cryptography for virtual transactions. Unlike traditional currencies issued by governments (like the...
Revolutionizing Anonymity: Bitcoin Mixer Tumbler.io in the Era of Crypto Surveillance
13.12.2023
Bitcoin Mixer – Best Way to Avoid Government Surveillance? Due to the widespread use of blockchain technology, cryptocurrencies like Bitcoin have come under increased scrutiny from governments and malicious enterprises alike. It is becoming more difficult to remain financially anonymous...
Ethereum’s Decentralization Questioned as Block Builders Censor Transactions Tied to US Sanctions
6.12.2023
Censorship is on the rise in Ethereum as key players block transactions tied to US sanctions, undermining its decentralized ethos. Image by Kerem Goktug Kaya, DALL-E 3. A pillar of Ethereum’s original vision was decentralization—the idea that its blockchain would operate outside constraints...
Bitcoin Buyer Review – Scam or Legitimate Trading Platform?
4.12.2023
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Bitcoin Buyer gives investors a vision of a future world where Bitcoin reigns supreme. “People, governments, and corporations will use it equally”, the website says. To get users...
Grayscale Report Sheds Light on Bitcoin’s Broad Ownership and ‘Sticky Supply’ Dynamics
1.12.2023
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public...
U.S. Treasury Sanctions North Korean Government’s Crypto Mixer Sinbad
29.11.2023
According to a statement released Wednesday, the U.S. Treasury Department has placed sanctions on the government of North Korea’s crypto mixer, Sinbad. “A key-money laundering tool” Sinbad serves as “a key money-laundering tool” for the state-sponsored North Korean cyber-hacking collective...
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request
28.11.2023
A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in response to a release order...
Former Binance CEO CZ Seeks to Dismiss Government’s Motion Blocking His Return to UAE Before Sentencing
26.11.2023
Former Binance CEO Changpeng Zhao (CZ) is seeking to dismiss the U.S. government’s motion to prevent him from going home to the United Arab Emirates (UAE) before sentencing. Despite the judge determining that the ex-Binance boss poses no flight risk after he voluntarily appeared in court to plead...
Robert Kiyosaki Says Prepare for Hyperinflation — Sees Bitcoin as the ‘Best Protection’
22.11.2023
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to prepare for hyperinflation, emphasizing that bitcoin is “your best protection.” He perceives the cryptocurrency as “people’s money,” the value of which cannot be controlled by governments. Robert Kiyosaki: Bitcoin...
US Presidential Candidate Vows to Protect Bitcoin From Government Interference
19.11.2023
U.S. presidential candidate Vivek Ramaswamy says the government is “threatened by the existence of Bitcoin,” emphasizing that if the cryptocurrency becomes more popular, it would create “a threat to the incumbent status of the U.S. Federal Reserve itself.” He promised...
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
2.11.2023
Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have...
Japanese Government Sanctions Crypto Exchange Linked to Hamas
31.10.2023
The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company that were involved in financing the terrorist organization. This decision was reached during a cabinet meeting on the 31st October, Yonhap News reported. Governments Sanction...
The Story Behind the U.S. Government's $5 Billion in Bitcoin – Here's What You Need to Know
16.10.2023
The U.S. government has become one of the largest holders of Bitcoin (BTC), acquiring approximately 200,000 coins (worth around $5 billion) through seizures related to criminal activities.
The digital assets were seized from cybercriminals and darknet markets and are securely stored offline...
The Economic Engine of War — Tracing Fiat Currency’s Role in Global Conflicts
10.10.2023
When Satoshi Nakamoto created Bitcoin, many viewed it as a solution to the drawbacks of fiat money. Historically, about 800 fiat currencies have come and gone, with many ultimately failing. Intriguingly, the fundamental reasons for establishing the fiat system remain elusive to many. Some argue...
Indian state governments spur blockchain adoption in public administration
19.9.2023
Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology
Governments See CBDCs Making Their Countries ‘More Economically and Financially Efficient’ — Venom Foundation CEO
29.8.2023
According to Louis Tsu, the CEO of Venom Foundation, governments that are seeking to introduce central bank digital currencies (CBDCs) are not being driven by the fear that privately issued digital currencies may soon become the preferred method for cross-border and micropayments. Instead, some...
Fitch Downgrades US Government’s Debt Rating – Does This Boost Crypto’s Use-case?
2.8.2023
In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday.
In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion...
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...