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Brazilian Unicorn Nubank to Launch Crypto Withdrawals
13.12.2023
Source: sidneydealmeida/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform – following a deal that will let them trade USD Coin (USDC). Per Brazil’s Livecoins, the bank has apparently “responded to calls from the Brazilian...
DOJ Charges Two Men For $25 Million Crypto “Trading Bot” Ponzi Scheme
13.12.2023
Source: Department of Justice In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called “cryptocurrency Ponzi scheme.” Citing court documents, the DOJ accused David Gilbert Saffron...
Cambridge Study: Ethereum Consumes 28x Less Energy Than American Express
12.12.2023
Source: AdobeStock The world’s second-largest crypto protocol Ethereum network, is reported to consume 28 times less energy than the American Express business, according to a recent report from the University of Cambridge. The report compares the annual energy consumption of the smart...
KuCoin to Shutter Services in New York After $22 Million Settlement Package – Here’s the Latest
12.12.2023
Source: Pexels The KuCoin crypto exchange is set to shutter its operations in the ‘Big Apple’ following an agreement with the Supreme Court of the State of New York County. Besides restricting access to its platform for New York residents, KuCoin has agreed to pay a $5.3 million fine...
Do Kwon Will Stay in Montenegrin Custody through February: Report
12.12.2023
Disgraced Terraform Labs’ co-founder, Do Kwon, will stay in Montenegrin custody through February 2024, according to a new report. Two-month extension granted Published by Bloomberg on Tuesday, the report states that Kwon’s detention in Montenegro has been extended through early 2024 at the behest...
Democratic Presidential Candidate Dean Phillips Says Biden and Trump Don’t “Understand” Crypto
12.12.2023
Source: Pixabay Representative Dean Phillips, a member of the United States House of Representatives running against Joe Biden for the Democratic nomination in the 2024 presidential election, recently criticized President Joe Biden and former President Donald Trump for their positions on crypto....
Web3 Companies Create Universal Privacy Alliance To Safeguard Digital Privacy Rights
12.12.2023
Source: Pixabay A coalition of web3 companies have established the “Universal Privacy Alliance” with the aim of safeguarding digital privacy rights. Nym, Protocol Labs, the Filecoin Foundation, Oasis, Aztec, and various other entities are part of the Universal Privacy Alliance (UPA). The alliance...
Japan’s SBI Holdings and Saudi Aramco Explore Joint Digital Asset Ventures
12.12.2023
Source: Adobe Stock Japanese financial services firm SBI Holdings announced last Thursday that it has signed a memorandum of understanding (MOU) with oil giant Saudi Aramco for potential collaboration on digital asset investing. According to the document, SBI’s agreement with the state-owned...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
Dubai Grants Climate-based AYA Platform Conditional VARA License
12.12.2023
Image Source: Pixabay Dubai’s financial regulator, the Virtual Asset Regulatory Authority (VARA) has issued a conditional operating license to AYA Platform, a web3 launchpad subsidiary of Enjinstarter. In a recent press release, the company disclosed the regulatory nod obtained by VARA to operate...
Nil Foundation Launches Type-1 zkEVM for Enhanced Ethereum Scaling Security
12.12.2023
Source: Pixabay Ethereum research and development firm =nil; Foundation today announced the launch of Type-1 zkEVM, designed to enhance security and scalability for Ethereum. Operating on the zkRollup framework, the zkEVM incorporates zkSharding technology, promising advanced security while...
BNB Chain Reveals Greenfield Tech Roadmap, Neon EVM Integrates Ledger Live + More News
12.12.2023
Source: AdobeStock / Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BNB Chain Reveals Greenfield Tech Roadmap Neon EVM Integrates With Ledger Live Immutable and Transak Partner...
BSC records the highest number of transactions processed
12.12.2023
BNB Smart Chain, largely identified as BSC, processed 32 million transactions. This has set a new record not just for the BNB Smart Chain but also for the industry. It has been defined as a benchmark in terms of processing the best daily transactions. The figure is way more than its previous...
Senator Warren’s Bipartisan Push to Combat Crypto Money Laundering Gains Momentum
12.12.2023
Source: Screenshot of video Sen. Elizabeth Warren’s YouTube page Senator Elizabeth Warren (D-Mass.) has announced an increase in support for the bipartisan Digital Asset Anti-Money Laundering Act, which aims to tackle concerns around the use of crypto in illegal activities such as money laundering...
Uniswap v3 Deploys on Bitcoin Scaling Protocol Rootstock
12.12.2023
Source: AdobeStock Popular Ethereum-based automated market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol. According to an emailed announcement shared with Coindesk, the deployment was carried out by the GFX Labs team, the development hub of the popular...
Institutional Investors Maintain Buying Momentum as Crypto Funds Record $43 Million Inflows
11.12.2023
Source: Adobe / Luisa Institutional investors tighten their grip on cryptocurrency funds as the market records $43 million inflows in the last seven days marking an 11th consecutive week in the green zone. A recent CoinShares Digital Asset Fund Flows report shows a sustained bullish sentiment...
Bitcoin Bull Robert Kiyosaki Warns Followers To Withdraw Cash From Banks Before “Biggest Crash In History”
11.12.2023
Source: a video screenshot, Youtube/The Rich Dad Channel Robert Kiyosaki – author of the famous finance book Rich Dad Poor Dad – warned his followers on Sunday to take some cash out of the bank before what could be an unprecedented economic collapse. “This may be the start of the biggest crash...
Blockchain Gaming Industry to Exceed Over $600 Billion in Value by 2030
11.12.2023
The blockchain gaming industry is expected to surpass over $600 billion in value by 2030, according to a new report released Monday. Blockchain gaming is booming The report, published by Fortune Business Insights, defines blockchain gaming as any video game “with features utilizing...
Crypto Leaders in Argentina Want Radical President to Dismiss FATF Travel Rules
11.12.2023
Source: AdobeStock As Javier Milei assumes leadership in Argentina, the cryptocurrency community is already voicing expectations for swift changes in the country’s economic trajectory. In a publication on December 10 by Cryptonoticias, the Bitcoin community outlined three specific requests...
Miami Crew Leader Sentenced to 63 Months in Prison for Crypto and Bank Fraud
11.12.2023
Source: Department of Justice The U.S. Department of Justice (DOJ) has announced a sixty-three-month prison sentence against a Miami crew leader for using stolen identities to steal $4 million from a crypto exchange. Per a press release from the department late last month, Esteban Cabrera Da Corte...