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Report: BTC Mining Investment Platform Declared Pyramid Scheme by South African Consumer Watchdog
23.10.2022
According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the pyramid scheme may have lost as much as over $6 million. Obelisk Used Social...
Blockchain-Based Platform Created by Saudi Students Places Third in National Women’s Coding Competition
18.10.2022
A blockchain-based tender bidding platform that was designed by female university students has been named the third-best entry in a Saudi Arabian women’s coding competition. The competition is said to be part of Princess Nourah bint Abdulrahman University’s broader goal of supporting...
Japan’s Police and FSA Publish a Joint Cyber Warning to Crypto Firms, Link Attacks to Lazarus Group
18.10.2022
According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber...
North Korea’s Lazarus behind years of crypto hacks in Japan: Police
17.10.2022
According to the Japan Government, a common mode of attack for the Lazarus Group was phishing, who are believed to have focused more on crypto funds lately because they’re “managed more loosely.”
Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’
15.10.2022
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect...
Tron Partners With Dominica Govt. to Issue National 'Fan Token'
12.10.2022
The Caribbean island's government may now accept native Tron tokens such as TRX and USDT for public payments including taxes under a new ordinance
Partnership to Operate Malaysia's National Blockchain Infrastructure Sealed
7.10.2022
Malaysia's Blockchain Infrastructure will be jointly created and operated by Zetrix, a Malaysia-based layer-1 blockchain structure and MIMOS Technology Solutions Sdn. Bhd. (MTSSB), a tech consultancy and the infrastructure will be for all levels of government and commercial sectors, an announcement...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
US Senator Concerned Over Growing National Debt; Applauds Bitcoin
4.10.2022
Cynthia Lummis, a US senator, discussed her concerns in an interview with Hard Money’s Natalie Brunell. She praised that cryptocurrency is an asset among people for which the government is not liable. While she is worried about the current scenario of national debt and inflation, she also feels...
US Senator Says ‘I Love That Bitcoin Can’t Be Stopped’ Citing Concerns About National Debt and Inflation
3.10.2022
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said, citing concerns about the national debt and inflation. U.S. Senator:...
Data Firm Inca Digital CEO: Crypto Innovation Is a Matter of National Security
30.9.2022
Adam Zarazinski, CEO of Inca Digital, joined “First Mover” to discuss the software company’s partnership with DARPA and the need to keep crypto innovation in the U.S
A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF
30.9.2022
According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech...
Central banks can push DeFi into mainstream: Swiss National Bank official
30.9.2022
A combination of centralization and decentralization is a perfect mix for the development of crypto and DeFi, according to a Swiss National Bank official
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
27.9.2022
Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC)
Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record
25.9.2022
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to...
DARPA to Research Risks of Crypto to National Security in Partnership With Inca Digital
23.9.2022
The Defense Advanced Research Projects Agency (DARPA) has contracted digital asset data and analytics provider Inca Digital to research national security risks posed by cryptocurrency
US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks
21.9.2022
The U.S. Department of the Treasury is seeking public input on “digital-asset-related illicit finance and national security risks.” The department warned: “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist...
Hearing: Alternative payments’ threat to national security goes far beyond crypto
21.9.2022
Crypto is just the tip of the iceberg, experts tell a U.S. House Financial Service subcommittee in testimony on payment systems and national security
Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules
20.9.2022
Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are preparing changes to the bill “On Virtual Assets,” which was signed into...
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops
19.9.2022
While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate declined from 1.82% to 1.77% during the same period. The depreciation of the local...