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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...

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...

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...

India Trains Around 3,000 Officials in Cryptocurrency Forensics and Investigation

9.11.2023
Source: Pexels India offered officials from various cybercrime and police departments training in cryptocurrency forensics and investigation during the financial year 2022–2023. According to the Ministry of Home Affairs (MHA)’s annual report, the training is aimed to equip law enforcement...

Indian Government Misses on $420 Million in Crypto Taxes as 90% Trade Volume Shifts Offshore: Report

9.11.2023
Source: Pexels The imposition of a one percent tax-deducted-at-source (TDS) on the trading of cryptocurrencies in India has led to a massive shift of millions of users to offshore crypto exchanges, according to a recent report published by the Esya Centre. In February 2022, India’s Ministry...

Australian Crypto Wallet CoinSpot Hacked for $2.4 Million Worth of Ether – Report

9.11.2023
Source: Pixabay / Werner Moser Crypto sleuth ZachXBT has reported an exploit, involving Australian crypto platform CoinSpot, allegedly suffering over $2 million worth of Ether. According to a Telegram post by ZachXBT in the early hours of Thursday, attackers drained funds from CoinSpot’s hot wallet...

JPEX scandal: Taiwan determines new suspects in alleged fraud — Report

9.11.2023
Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX's office in Taiwan, to be held in custody over alleged fraud

Report: Stablecoin Giant Circle Eyes 2024 Public Listing

9.11.2023
According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle’s special-purpose acquisition company (SPAC) plans to offer...

SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report

9.11.2023
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated

Riot Platforms Reports Q3 Results: Generates 1,106 Bitcoins and Raises Over $200 Million

9.11.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates. Per the report, Riot Platforms generated 1,106 Bitcoins during the quarter, marking...

Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack

9.11.2023
Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.”

Glassnode Data Shows Bitcoin Supply Less Liquid Than Ever Despite Market Gains

8.11.2023
The scarcity of the bitcoin supply has tightened, as revealed by the recent Glassnode study on onchain activities. Observations show that the inactivity of coins is touching both multi-year and unprecedented peaks, despite a substantial uptick in bitcoin’s value throughout the current year....

Crypto-based Streaming Site Odysee a “Haven” for Extremists, Southern Poverty Law Center Claims

8.11.2023
The blockchain based video-streaming site, Odysee, finds itself in hot water this morning following a detailed report by the Southern Poverty Law Commission that claimed the website is a hub for “hate groups and extremists.” A “Haven” for Extremism In the Southern Poverty Law Center’s...

HSBC Announces Plans to Launch Digital Asset Custody Service in Partnership with Metaco

8.11.2023
Source: AdobeStock / BGStock72 HSBC Holdings aims to introduce a custody service for digital assets, catering to institutional clients seeking exposure to tokenized securities. The global bank will offer the new service in collaboration with Metaco, a technology firm owned by Ripple Labs, according...

Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans

8.11.2023
Source: AdobeStock / Vitalii Vodolazskyi As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations. A 2022 report published by the Department of Justice (DOJ)...

Jamf Spots New MacOS Crypto Malware Attributed to North Korea’s Lazarus BlueNoroff Group

8.11.2023
Source: Pixabay BlueNoroff, the notorious hackers’ group with links to North Korea’s Lazarus, has debuted a fresh MacOS malware targeting financial institutions. Uncovered by researchers from the Apple device management firm – Jamf, the perpetrators have been hiding behind...

Robinhood to Launch Crypto Trading Services in EU in the “Coming Weeks”

8.11.2023
Source: AdobeStock / Rafael Henrique Robinhood has revealed plans to introduce cryptocurrency trading services in the European Union (EU) in the near future. Vlad Tenev, CEO and co-founder of the popular brokerage firm, made the announcement during the company’s third-quarter earnings report....