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Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent
17.5.2023
Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this new feature, with numerous digital...
Serial Scammer Uses Advanced Laundering Techniques to Clean Stolen Crypto Worth $15 Million – Here's What You Need to Know
17.5.2023
A scammer or group of scammers have used a fake phishing version of the crypto exchange HitBTC’s website to steal some $15 million worth of crypto.
According to a Twitter thread from crypto compliance firm MistTrack, the phishing website that was used looked almost identical to HitBTC’s real...
Influential UK MPs Push for Crypto Trading to be Classified as Gambling
17.5.2023
The UK Treasury Select Committee has suggested the country regulate cryptocurrency trading as a form of gambling rather than a financial service.
On Wednesday, MPs said digital currencies such as Bitcoin and Ether have "no intrinsic value and no useful social purpose," claiming that they resemble...
UK panel recommends crypto trading be regulated like gambling
17.5.2023
In February, the UK Government proposed regulating cryptocurrency like a traditional financial instrument. However, the Treasury Select Committee has recommended otherwise. The Committee strongly believes that treating investments in retail trading of cryptocurrency is nothing like gambling. What...
Ripple Buys Crypto Custody Firm Metaco for $250M
17.5.2023
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani
Blockchain Life 2023 in Dubai: Crypto whales meeting point!
17.5.2023
Influential figures such as heads of global funds, government officials, investors, business owners, and promising startups come together in Dubai to shape the future of cryptocurrencies at the 11th International Blockchain Life Forum on October 24-25 in Dubai, Festival Arena. Buy your ticket...
StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure
17.5.2023
LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
17.5.2023
India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry
Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created
17.5.2023
Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since its inception in June 2017, the Bitcoin.com...
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key
17.5.2023
Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.”...
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
17.5.2023
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies
Bank Execs Face Senate Ire for Blaming Bank Collapse on Crypto While Amassing Millions
17.5.2023
US Senators have slammed executives of failed banks for trying to deflect blame away from their poor management practices and toward digital asset firms.
During a Tuesday Senate Banking Committee hearing, Senator Cynthia Lummis lashed out at Scott Shay, the former chairman of now-collapsed...
Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
17.5.2023
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto...
Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
17.5.2023
100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said
Developments in crypto tax across Europe and CIS at a glance
17.5.2023
Taxation in the crypto sphere is fast evolving, and keeping track of the developments is not just imperative but indeed a necessity. The European and CIS markets have seen a bit of turmoil in relation to crypto tax developments. Things are working out with all the major regions cementing their...
Senators slam bank execs for blaming collapses on crypto, pocketing millions
17.5.2023
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...
ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining
17.5.2023
On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining. From CPU to ASIC In Satoshi Nakamoto’s initial vision, BTC mining could be performed using CPUs installed...
Crypto retail trading should be regulated as gambling: UK lawmakers
17.5.2023
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed