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Billionaire Mark Mobius Says He Can’t Get His Money Out of HSBC China – ‘They’re Putting All Kinds of Barriers’
7.3.2023
Billionaire Mark Mobius, founder of Mobius Capital Partners, says he cannot take his money out of HSBC in Shanghai, China. Citing severe capital control by the Chinese government, he stressed: “It’s crazy … They’re putting all kinds of barriers.” Mark Mobius...
Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar
22.2.2023
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded...
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs
17.2.2023
Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says...
The ethics of the metaverse: Privacy, ownership and control
14.2.2023
As the metaverse continues to grow and evolve, it is essential that we consider and address the ethical questions and challenges it raises
OFAC-compliant blocks on Ethereum hits three-month low of 47%
14.2.2023
The fall to 47% comes nearly three months after the percentage of OFAC-compliant blocks reached its peak at 79% on Nov. 21
Bitcoin Network Experiences Slight Dip in Difficulty After Record High
12.2.2023
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month....
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions
10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
9.2.2023
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers...
Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market
7.2.2023
As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the...
Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon
25.1.2023
You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly...
Vitalik Buterin divulges the 'largest remaining challenge' in Ethereum
23.1.2023
While the concept of stealth addresses appears complex in theory, Buterin previously described it as a “low-tech approach” compared to other Ethereum privacy solutions
Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%
21.1.2023
On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise has led to the crypto asset’s dominance level...
Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis
20.1.2023
A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
13.1.2023
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
30.11.2022
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional...
'Not even a single TX has been censored on ETH' — Cyber Capital founder
18.10.2022
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds
Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode
24.9.2022
The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S....
500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report
9.9.2022
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than...
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
30.7.2022
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into...
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset
15.7.2022
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end...