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Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
5.9.2022
Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators...
Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs
5.9.2022
Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already...
FTX to Halt ETH Deposits & Withdrawals on SOL, BSC, and Arbitrum
5.9.2022
FTX Crypto Derivatives Exchange recently announced suspending deposits and withdrawals on multiple networks. These blockchains include Solana, Binance Smart Chain, and Arbitrum One. The step will be undertaken to prepare for the upcoming Ethereum Merge. Here is a quick overview of the timeline...
LG Taps Hedera Hashgraph for NFT Platform, Tests Crypto Wallet
5.9.2022
South Korean tech giant LG Electronics has tapped into the Hedera Hashgraph (HBAR) network to bring NFTs to television screens and is also testing a crypto wallet.
LG has released its NFT marketplace called LG Art Lab, available in the US on the company’s TVs running the webOS 5.0 operating system...
FTX to halt Ethereum trades on Arbitrum, Solana, BSC for the ETH Merge
5.9.2022
Despite confirmation of zero downtime from Ethereum developers, FTX chose to suspend “deposits and withdrawals until the Merge is finished and networks are stable.”
Crypto app targeting SharkBot malware resurfaces on Google app store
5.9.2022
The SharkBot malware family was first discovered last October, and has continued to evolve with new ways to hack into users' Android-based crypto and bank apps
Iran Starts Licensing Crypto Miners Under New Regulatory Framework
5.9.2022
The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power...
Billionaire David Rubenstein Bullish on Crypto, Optimistic About Regulation
5.9.2022
Billionaire David Rubenstein, Carlyle Group’s founder, believes that U.S. lawmakers will not push to regulate the crypto industry unduly. Noting that he is bullish on crypto, the billionaire investor said: “the greatest fortunes are made when people go against conventional...
US Lawmaker Says ‘Too Much Money and Power’ Behind Crypto to Ban It
5.9.2022
U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why...
Crypto Analysts’ September Choices: Uniglo (GLO), Bitcoin (BTC), And Ethereum (ETH)
4.9.2022
Crypto analysts have been busy this September making their choices for investments. Uniglo has been a favorite, with many seeing it as a good long-term investment. Bitcoin and Ethereum have also been popular choices, with many seeing them as good short-term investments. Here is a look at why these...
Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account
4.9.2022
The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of...
Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies
4.9.2022
Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms...
South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon Musk
4.9.2022
The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With...
Indonesian Government to Launch Crypto Bourse This Year, Official Says
4.9.2022
The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government official reportedly revealed. “We will make sure that every requirement, procedure, and the necessary steps have been taken,” he emphasized. Crypto Bourse Coming Soon...
Crypto Pair Trading: How to Make Money with a Market Neutral Crypto Trading Strategy
3.9.2022
Crypto trading is typically associated with high risks and potentially high returns. However, there are also lower-risk trading strategies that crypto traders can deploy.
Read on to learn about crypto pair trading, how it works, and how to make money in a bear market using the market-neutral...
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
3.9.2022
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
More than 50% of reported Bitcoin trading volume is 'likely to be fake or non-economic' — Report
2.9.2022
A Forbes analysis of 157 exchanges revealed Bitcoin trading volume may not match up to what the companies claim, particularly if they're small or unregulated
Brazilian SEC seeks to change its role in cryptocurrency regulation
2.9.2022
Resistant to overseeing the space in the past, the agency said it now plans to work on the definition of virtual assets
Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit
2.9.2022
Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Roche Freedman LLP, recently withdrew from a number of class-action lawsuits initiated by the law firm. The attorney’s withdrawal follows videos that circulated showing the lawyer discussing associations with...