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Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?
9.11.2023
Source: Adobe / Who is Danny In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year....
Spanish Watchdog Initiates Sanctions Against Miolos for Violating Crypto Ad Rules
9.11.2023
Source: Pixabay The National Securities Market Commission (CNMV) of Spain has opened its first crypto infringement case against local technology provider Miolos. CNMV, the Spanish securities markets regulatory body, released an agreement on Wednesday, announcing “sanctions proceedings” against...
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...
Legal Action Threatened Over Eye Injuries at ApeFest: Bored Ape NFT Holder Speaks Out
9.11.2023
Source: AdobeStock / alexandarilich Yuga Labs, the maker of the popular Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), is now on legal notice over injuries sustained at ApeFest. The founder and CEO of art technology company Artfi, Asif Kamal, tweeted early on Thursday (UTC) that he...
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...
Tether’s USDT and Chinese Blockchains Face Potential U.S. Government Ban
9.11.2023
Source: Washington DC The U.S. lawmakers are proposing a bill aiming to prohibit the U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” The U.S. Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have...
Gary Gensler: Crypto Frauds Extend Beyond a Single Case
9.11.2023
Image Source: CNBC Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space. Gensler’s comments come on the heels of the criminal...
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...
Tom Emmer’s Amendments to Curb SEC Enforcement Abuses against Crypto Passes House Unanimously
9.11.2023
Source: Twitter/@MNFarmBureau Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets. The politician has attached an amendment to HR 4664, also known...
Binance Arguments to Dismiss Lawsuit Lack Merit, SEC Argues In New Filing
9.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) has opposed Binance’s arguments to dismiss the lawsuit adding that the motion has no real basis under law. In a Nov 8 court filing, the securities regulator claims the defendants applied the law incorrectly in an attempt...
Marathon Digital Reports $97.5 Million Revenues in Q3 2023 With Massive Surge in Bitcoin Production
9.11.2023
Source: AdobeStock / Photocreo Bednarek Marathon Digital Holdings, a prominent Bitcoin mining company, has announced a remarkable financial performance in the third quarter of 2023. The company reported a substantial 670% year-on-year increase in profit, primarily driven by a nearly five-fold rise...
Taiwan Authorities Arrest Two Suspects in JPEX Scandal Amid Ongoing Investigation
9.11.2023
Source: Pixabay The Taipei District Prosecutors Office has detained two individuals linked to JPEX, the cryptocurrency exchange, as part of an ongoing investigation into suspected fraud. The arrests come as a result of their alleged involvement in violations of relevant banking and anti-money...
Ark Invest and 21Shares to Launch Digital Asset ETF Suite
9.11.2023
Source: 21Shares Cathie Wood’s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum futures and blockchain technology. The suite comprises five ETFs, including ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and ARK 21Shares...
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...
Bitcoin Jumps Nearly 4% as US SEC Opens Talks With Grayscale Over Spot ETF Conversion
9.11.2023
Source: Pexels The leading cryptocurrency, Bitcoin, is racing towards $37,000 as it has surged nearly 4% in the last 24 hours Bitcoin has been pumping recently based on the speculation around spot Bitcoin ETF conversion that will bring major institutional funds to invest in the largest...
Russians Will Be Able to ‘Withdraw’ Digital Rubles as Cash at ATMs
9.11.2023
Source: motortion/Adobe A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs. Per Izvestia, VTB Bank has developed a solution that lets CBDC holders instantly convert their digital rubles to banknotes at any of...
Gaming Giant WeMade’s ‘Controversy-hit’ Token ‘Relisted’ in South Korea
9.11.2023
Source: terovesalainen/Adobe The South Korean gaming behemoth WeMade has scored a success by securing a new domestic crypto exchange listing for its WEMIX coin. Per Chosun Ilbo, the Gopax exchange began trading in WEMIX pairs from 5pm KST on November 8. Controversy struck for the coin and...
EBA Releases Liquidity Guidelines for Stablecoin Issuers
8.11.2023
Source: European Banking Authority (EBA) The European Banking Authority (EBA) has issued guidelines regarding liquidity and capital requirements for stablecoin issuers in line with the EU’s new Markets in Crypto Assets (MiCA) regulation. A third batch of #MiCAR public consultations has...
Ritual Secures $25 Million in Seed Funding to Decentralize AI
8.11.2023
Source: Pixabay AI platform Ritual obtained a $25 million capital injection in a Series A funding round led by Archetype, with assistance from Accomplice and Robot Ventures. The company announced on its website that the funds would help “expand our team, start growing our developer network,...
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...