Category Archive: Cryptocurrency, No picture
Bitcoin ATMs are Numbered As UK Financial Watchdog Cracks Down
The Financial Conduct Authority (FCA) of the United Kingdom continues its crackdown on unlicensed crypto ATMs. Conducting a series of inspections in May and June, the FCA got rid of 26 machines operating unlawfully across the UK in a collaborative operation with several law enforcement agencies. Steve Smart, joint executive director of Enforcement and Market […]
Dubai Crypto Exchange BitOasis Loses License Over Unmet VARA Conditions
Dubai’s Virtual Assets Regulatory Authority (VARA), the city’s digital asset regulator, has suspended the operational license of BitOasis, a local cryptocurrency exchange. The move comes after the regulator said BitOasis failed to meet certain stipulated conditions within a specified timeframe. BitOasis received the Operational Minimum Viable Product (MVP) License from VARA only three months ago. […]
Crypto.com Turns Up the Heat With No Lock-Up Proof-of-Stake on App
Crypto.com, a crypto exchange with over 80 million global users, is now offering on-chain staking on its app, according to a recent press release. This feature enables users to take an active role in securing the networks of their chosen cryptocurrencies while potentially earning rewards: 🆕 On-chain Staking has just been launched in the https://t.co/vCNztATkNg […]
SEC’s Approval of Riskier Bitcoin ETF Draws Criticism from Grayscale
Digital asset manager Grayscale’s lawyers have criticized the U.S. Securities and Exchange Commission (SEC) for approving a leveraged Bitcoin-based exchange-traded fund (ETF) at a time when the company is embroiled in a lawsuit against the regulator over the rejection of its spot Bitcoin ETF application. The legal counsel lodged their disapproval through a letter addressed […]
BTC to $120,000? Standard Chartered Thinks 2024 is Bitcoin’s Year
Standard Chartered has raised its 2024 Bitcoin forecast to $120,000, a notable increase from the $100,000 prediction made in April, according to a Reuters report. The United Kingdom-based financial institution suggested that an anticipated surge in Bitcoin’s price that could inspire miners to retain a larger portion of the digital asset. Geoff Kendrick, a top […]
CBDCs Could be Used by 24 Countries Within 10 Years: BIS Report
As the cryptocurrency market continues to stay volatile, central banks globally appear undeterred, doubling their efforts to develop their digital currencies or CBDCs. An estimated 24 of these CBDCs are likely to be up and running by the decade’s end, according to a Bank for International Settlements (BIS) report. These projections mark a significant increase […]
No, USDT Didn’t Actually Lose Its Peg: Tether CTO
Binance.US, the American branch of the world’s largest crypto exchange, is experiencing an unusual price differentiation that has seen cryptocurrencies trading at discounts of around $3,000. The difference is noticeable across several cryptocurrencies such as Bitcoin and Ether, as well as stablecoins such as Tether. The price of Bitcoin on Binance.US is around $27,536, roughly […]
DeFi Protocol Hack Drains $455K from Arcadia Finance
DeFi protocol Arcadia Finance fell victim to a code exploit, leading to a significant loss of approximately $455,000. Blockchain security firm PeckShield was the first to detect and reveal the breach, attributing it to a coding oversight concerning untrusted input validation. #PeckShieldAlert Our community contributor has detected that @ArcadiaFi has been exploited on both #Ethereum […]
Canada Places Trust in Regulated Crypto Investment Funds
The Canadian Securities Administrators (CSA) has confirmed its confidence in the regulated futures market for cryptocurrencies, considering Canada was the first country to launch a Bitcoin exchange-traded fund (ETF): “The presence of a regulated futures market can support the ability of authorized dealers and market makers to properly carry out their market making duties with respect […]
Multichain Halts Operations, Warning Users of Mysterious $126M Outflow
Multichain, a cross-chain bridge platform, has unexpectedly suspended its services and cautioned its user base against transacting after a staggering $126 million asset outflow. This exodus, initially reported by security firm PeckShield, involved cryptocurrency assets being transferred to unidentified wallets predominantly from Multichain’s bridge deployments on Fantom and Dogechain: The Multichain service stopped currently, and […]
