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Australian Federal Court Rules Against Block Earner for Unlicensed Financial Services Conduct
9.2.2024
An Australian federal court has determined that fintech company Block Earner engaged in unlicensed financial services conduct by offering its crypto-backed Earner product. The Federal Court finds fintech company Block Earner engaged in unlicensed financial services conduct when offering...
Former British Finance Minister Denies Crypto Lobbying Allegations
9.2.2024
The UK’s former Chancellor of the Exchequer, Lord Philip Hammond, has denied allegations that he may have been illegally lobbying for crypto company Copper. Hammond currently Chairs the Switzerland-based crypto firm. He has had the appointment since January last year after first serving as...
Steven Waterhouse, CEO of Orchid Labs, on DePIN, AI, Decentralized VPNs, and Fighting for Internet Freedom | Ep. 307
9.2.2024
Cryptonews’ Matt Zahab recently sat down with Steven Waterhouse, CEO and co-founder of Orchid Labs, an open-sourced, decentralized marketplace for Internet services that aims to provide the building blocks for a better, freer Internet. In a wide-ranging, exclusive interview, the CEO discussed:...
Republican Senators Pen Scathing Letter to Gensler for “Unethical” Handling of DEBT Box Case
9.2.2024
A group of Republican senators criticized United States Securities and Exchange Commission (SEC) Chair Gary Gensler over the federal agency’s “unethical” handling of the DEBT Box case in a February 7 letter. Republican Senators Argue SEC’s Tactics Were “Unethical” Senators Cynthia Lummis (R-WY)...
UN Expert Panel Investigate $3B Worth North Korean Crypto Cyberattacks: Report
9.2.2024
An independent United Nations jury of sanctions monitors is conducting a probe into North Korea’s involvement in $3 billion worth cyberattacks on crypto firms. According to an unpublished UN report reviewed by Reuters, the monitors accused the Democratic People’s Republic of Korea (DPRK)...
UK’s Fraud Intelligence Unit Shuts Down 43 Possible Crypto Phishing Websites
9.2.2024
UK authorities have announced that the National Fraud Intelligence Bureau (NFIB) blocked 43 possible crypto phishing websites. A recent official Commissioner’s Update disclosed reports in diverse fields including potential fraudulent activities with bad actors impersonating popular blockchain-based...
Polygon announces Type-1 upgrade to the zkEVM prover
9.2.2024
Polygon Labs, in partnership with Toposware, has revolutionized technology by introducing a Type 1 Prover that utilizes the zkEVM polygon. Such phenomenal advancements in blockchain technology enable any EVM chain to transition into a ZK L2 network and is integrated into the entire Polygon...
Bitcoin Surges Past $45,000 as Miner Selling Pressure Eases: CryptoQuant
8.2.2024
Bitcoin has surged over 4% in the past 24 hours, edging closer to the $45,000 threshold for the first time since mid-January. At the time of reporting, Bitcoin was trading at approximately $44,800, marking a 4.6% increase within the day and a notable 6.3% surge over the past week. While the influx...
On-Chain Domains Expand Usability of Web2 Platforms
8.2.2024
Just as the internet advanced with the evolution of the Domain Name System (DNS) – which turns domain names into IP addresses – the crypto sector is undergoing a similar transition with the implementation of on-chain domain names. What are On-chain Domains? Sandy Carter, COO and Head of Business...
Ukraine Set to Freeze Citizens’ Bank Accounts Who Sidestep War Draft – Can Crypto Help?
8.2.2024
On February 7, the Ukrainian parliament approved the first reading of a bill to enforce stricter regulations for mobilizing recruits into the military. It also proposed freezing bank accounts for those attempting to evade the country’s war draft. This dramatic move highlights the gravity...
Ethereum Developers Set March 13 as Target Date for Dencun Upgrade
8.2.2024
Ethereum developers have set a mainnet launch date for the Dencun upgrade, which will introduce several Ethereum Improvement Proposals (EIPs), including proto-danksharding, which is expected to drive down transaction costs on layer 2. During a bi-weekly coordinating call on Thursday, Ethereum...
Kraken Obtains VASP Registration From Dutch Central Bank
8.2.2024
Crypto exchange Kraken was granted a virtual asset service provider (VASP) registration from the Dutch Central Bank today. Kraken announced the acquisition of its fourth European VASP license, which will make its services available to customers in the Netherlands. Another milestone in our European...
US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
Crypto Widget WordPress Plugin Flagged as “Critical” Cybersecurity Risk
8.2.2024
A crypto widget plugin for web content management system WordPress was named as a “critical cybersecurity risk” yesterday. A security bulletin released by the Cyber Security Agency of Singapore (CSA) noted that a plugin called “The Cryptocurrency Widgets – Price Ticker & Coins List”...
Do Kwon Wins Appeal as Montenegro Court Overturns Extradition
8.2.2024
The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was “affected by significant violations.” The court decided to revoke the extradition after hearing Kwon’s appeal in a session on Feb 7, per an official...
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
Digital Asset Spot Trading Volumes Rise for the Fourth Consecutive Month + More Crypto News
8.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Digital Asset Spot Volumes Rise for the Fourth Consecutive Month Paxos Adopts Chainlink’s PayPal USD Price Feed The Hashgraph Association...
BNB Beacon Chain (BEP2) will cease in a few months
8.2.2024
The BNB Beacon Chain (BEP2) is expected to collapse within the following months completely. Binance assists users by providing support for the BEP2 network and facilitating the transition process. The project team formally proclaimed this in January of 2024. Binance has proactively established...
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
Citi uses Avalanche to price and execute simulated FX trades
8.2.2024
Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain...