Binance Joins Kazakhstan’s Regulators to Fight Financial Crimes
The world’s largest cryptocurrency exchange – Binance – signed a Memorandum of Understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan. Both parties expressed an interest in creating a safe crypto environment and reducing financial crime in the area. AFSA Less than two months ago, the Binance exchange fulfilled its goal by […]
$400,000 Raised by Pro-Russian Paramilitary to aid Sanctions
Pro-Russian groups are raising funds through crowdfunding campaigns, and have raised a significant amount in Bitcoin and other cryptocurrencies. According to research by blockchain intelligence firm TRM Labs, this is likely in an attempt to evade U.S. sanctions and to support paramilitary operations in war-torn Ukraine. “Last week, we noticed about $400,000 raised since the […]
UAE Ministry of Economy opens up new headquarters in the Metaverse
UAE Ministry of Economy opens up new headquarters in the Metaverse The UAE Ministry of Economy is pushing into the Metaverse with the announcement of a third address where anyone in the world can visit the Metaverse. The announcement was made on September 28 by UAE Minister of Economy Abdulla bin Touq Al Marri during […]
Crypto Regulations speculated for Bitcoin Bullish move
Behnam believes that Bitcoin would thrive if financial professionals were more familiar with the unregulated jurisdiction. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam said on Thursday that Bitcoin might “double in price” if it traded in a CFTC-regulated market. The chairman added; “the crypto industry had a massive opportunity for institutional inflows that will […]
How Market maker Wintermute lost $160M in Crypto Theft
Wintermute CEO, Max Coats has acknowledged that it’s probably not solely ethical to attack Wintermute as a hacker, but that he would engage in a conversation with the black hat hacker so that they may resolve the infiltration directly. At the time of this writing, Wintermute, a cryptocurrency market-maker based in the United Kingdom, was […]
Nasdaq Starts Crypto Custody Services for Clients
Nasdaq (NDAQ), the second-largest U.S. stock exchange operator, is launching a cryptocurrency exchange hosting service to cater to the demands of institutional crypto investors. The company has hired Ira Auerbach, who previously managed prime brokerage services at Gemini, to head its digital assets office. NASDAQ’s move into the field follows a wider trend on Wall […]
Why Filecoin Moved Its HQ To Singapore
RRMine Global, a Filecoin service provider that offered global cloud-based asset management, announced that it is shutting down operations in China and will move its headquarters to Singapore. RRMine’s change of brand name to RRMine Global sparked the rule change that influenced their decisions to migrate countries and roll out upgrades to the system. RRMine […]
How the Ethereum Merge will impact Blockchain
The price of ETH – whose current market value near $200 billion makes it the second-largest cryptocurrency after bitcoin (BTC) – was largely flat after the Merge. The update, which ends the network’s reliance on the energy-intensive process of cryptocurrency mining, has been closely watched by crypto investors, enthusiasts, and skeptics for the impact it […]
Crypto Industry braces new rules from Uruguayan Central Bank
Uruguayan Central Bank has been given the power to regulate the crypto sector, according to the recent regulatory bill. A new cryptocurrency bill project was introduced by the executive power of the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay […]
Bank of Russia moves on Legalizing Crypto
The Bank of Russia has openly contemplated permitting crypto transactions to function as a long range payment medium, a move showing departure from its longstanding prohibition against such actions and adopting cryptocurrency. Adoption Decentralization The country’s central bank and the Ministry of Finance have agreed that cryptocurrencies will not be viable without cross-border settlements under […]
Crypto Scam Promoted with hacked South Korean Government Channel
A new Crypto scam struck again. The official YouTube channel of the South Korean government was compromised by hackers who used it to promote a cryptocurrency scam with the image of Elon Musk, the electric car magnate and Dogecoin enthusiast. The crypto scam started by hackers changing the name of the government media outlet Yonhap […]
Thailand SEC to apply Strict Guidelines on Crypto ads
Thai cryptocurrency advertisements are going to have to adhere to strict guidelines formulated by the SEC as they seek to conform to comparable standards. Thailand’s Securities and Exchange Commission will tighten regulations for cryptocurrency firms operating in the country by October 2022. The Thai SEC instructed cryptocurrency businesses operating in the country via email that […]
Dubai Sets New Regulatory Guidelines to Protect Crypto Investors
In March this year, the UAE’s authorities created an autonomous agency called the Virtual Asset Regulatory Authority (VARA). Dubai’s Virtual Asset Regulatory Authority (VARA) reportedly instructed local cryptocurrency-related firms to require a license before engaging in promotional activities in the areas of licensing and consumer protection. This initiative may protect investors and consumers from misleading […]
Afghan Police Clamps on Crypto Exchanges to Enforce Ban
The Afghan Central Bank declared trading in foreign exchanges un-Islamic and unlawful last year, and the law was publicized the following month. At least 16 crypto exchanges located in the Herat province of western Afghanistan were closed by the police in the last week, according to Ariana News, an independent news outlet. A local official […]
Newly-Launched Blockchain Forum Aims to Make India a Global Web3
The Indian Blockchain Forum just got formed by a group of leading Indian blockchain influencers with expertise in trading, NFT, Metaverse, and cybercrime, among others. Hyderabad is the second-largest tech hub in India, after Bengaluru. The India Blockchain Forum will open membership to all stakeholders with a mission to create the world’s largest web3.0 community. […]