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News related to
crypto

The Bermuda Monetary Authority (BMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced a significant collaboration aimed at streamlining the development and oversight of digital asset businesses within their respective jurisdictions. This partnership, formalized through a Memorandum of Understanding (MoU), establishes a framework for the two regulatory bodies to work together on information sharing, regulatory cooperation, and fostering a secure environment […]

Decentralized finance (DeFi) lending platform UwU Lend faces financial turmoil after a critical exploit resulted in a hefty loss of $19. 3 million. The news, first reported by blockchain security firm Arkham Intelligence, sent shockwaves through the crypto community, raising concerns about the protocol’s security measures. According to on-chain data, a single attacker successfully manipulated the platform, siphoning off a variety of crypto assets. This included wrapped […]

Zetrix, a next-generation interoperable blockchain platform designed for real-world applications, is poised for increased accessibility and potential growth with its upcoming listing on the prominent BitMart exchange. The listing, scheduled for June 13th, 2024, marks a significant step for Zetrix as it expands its reach to a wider audience of cryptocurrency traders and enthusiasts. Developed by MyEG Services Bhd, Zetrix boasts a unique architecture that prioritizes security, […]

The past week in cryptocurrency has been nothing short of eventful, marked by a significant investment announcement, a reignited social media spat, and ongoing regulatory concerns. Carlos Slim, the Mexican telecommunications magnate, sent shockwaves through the crypto-verse when he revealed his intention to allocate a portion of his vast fortune to Bitcoin. This move by a traditional finance titan lends a new level of legitimacy to the […]

Retail investor Keith Gill, better known by his online aliases Roaring Kitty and DeepFuckingValue, has ignited a firestorm of speculation with his sizable holdings in GameStop stock (GME). A prediction market on the cryptocurrency platform Polymarket has garnered over $120, 000 in wagers on whether Gill will reach billionaire status by the close of business this Friday. The fervor began on Thursday after Gill displayed a hefty […]

Singaporean authorities are urging businesses to heighten their cybersecurity defenses against a growing wave of ransomware attacks demanding payments in Bitcoin. The joint advisory, issued by the Singapore Police Force (SPF) and the Cyber Security Agency of Singapore (CSA), highlights a recent rise in “cryptocurrency drainers” – malicious software designed to steal cryptocurrency from compromised systems. These attacks typically involve tricking victims into downloading malware through phishing […]

The cryptocurrency market is witnessing a cash infusion in June, with inflows exceeding $2 billion. This influx coincides with a positive performance for Ethereum, the second-largest cryptocurrency by market capitalization. Ethereum enjoyed its most prosperous week since March, recording inflows of approximately $69 million. Analysts attribute the rise in investment to several factors. Firstly, a recent price correction across the cryptocurrency market has enticed bargain hunters. Investors […]

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El Salvador’s ambitious plan for a Bitcoin-centric metropolis, Bitcoin City, has hit a snag with the departure of its self-proclaimed “first citizen, ” Corbin Keegan. Keegan, a cryptocurrency enthusiast from Chicago, arrived in El Salvador over two years ago with the dream of being among Bitcoin City’s pioneering residents. President Nayib Bukele first unveiled the Bitcoin City project in November 2021, envisioning a geothermal-powered haven for cryptocurrency […]

For American poker enthusiasts, navigating the online gambling landscape can be tricky. Fortunately, the rise of cryptocurrency has opened doors to a new wave of poker rooms, offering US players a secure and exciting way to play. While traditional online poker sites may be restricted in certain regions, crypto poker sites operate independently, allowing US players to participate using Bitcoin and other digital currencies. This eliminates the […]

Base, a layer-2 scaling solution for the Ethereum blockchain, has experienced a meteoric rise in total value locked (TVL), reaching $8 billion just days after surpassing Optimism’s OP Mainnet. This surge signifies Base’s growing dominance within the Ethereum scaling space. TVL refers to the total value of crypto assets locked within a specific blockchain protocol. In the context of layer-2 solutions, a higher TVL indicates greater user […]

The price of Bitcoin in South Korea has surged above global averages, highlighting a renewed surge in interest from local investors. This phenomenon, known as the “Kimchi Premium, ” reflects a price disparity between South Korean exchanges and international platforms. Recent data indicates the premium has reached its highest point in nearly two years, hovering around 10%. Analysts attribute this rise to several factors. South Korea boasts […]

Igor Chernomordik, CEO of Wintermute, a prominent crypto market maker, recently shed light on a growing concern within the Ethereum community regarding the platform’s upcoming upgrade path. In an interview, Chernomordik pointed out a perceived “massive contradiction” in the way Ethereum’s developers are approaching the upgrade process, raising questions about the long-term viability of the network. Ethereum, the world’s second-largest blockchain network by market capitalization, has been […]

India’s financial watchdog, the Enforcement Directorate (ED), has successfully dismantled a cryptocurrency fraud operation that targeted a foreign national. The ED conducted raids across several locations in Delhi, Haryana, and Kanpur on Friday, June 6th, apprehending Prafful Gupta and his associates believed to be involved in the scheme. The investigation began after a First Information Report (FIR) was filed by the Central Bureau of Investigation (CBI) against […]

Brad Garlinghouse, CEO of Ripple Labs, the company behind the XRP cryptocurrency, expressed optimism regarding the potential launch of a spot XRP exchange-traded fund (ETF) in the United States. While acknowledging the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC), Garlinghouse believes a green light for an XRP ETF is likely by next year. His confidence stems from recent developments in the cryptocurrency […]

Binance, the world’s leading cryptocurrency exchange by daily trading volume, announced a significant milestone on June 8th, surpassing 200 million global users. This achievement solidifies Binance’s position as the dominant player in the cryptocurrency industry, with a user base dwarfing that of its competitors. It’s important to note that these figures are self-reported by Binance. To celebrate this achievement, Binance took to social media, highlighting the 200 […]

The cryptocurrency market’s recent slump is being viewed by many analysts as a short-lived correction rather than a sign of a prolonged downturn. The leading cryptocurrency, Bitcoin, along with Ethereum and other altcoins, experienced a price drop following the release of stronger-than-anticipated U. S. employment data on June 7th. However, traders and analysts remain optimistic, believing this to be a temporary setback before the market resumes its […]

In a move signaling its ambition to become a major player in the global cryptocurrency market, online brokerage Robinhood announced today that it has agreed to acquire U. K. -based crypto exchange Bitstamp for $200 million in cash. The deal, expected to close in the first half of 2025, marks Robinhood’s first major foray outside the United States and is a significant step forward in its efforts […]

China’s foray into regulating the burgeoning cryptocurrency market has taken a landmark step with its first-ever criminal conviction for crypto fraud. The case, which saw a man sentenced to four and a half years in prison for soliciting funds for a fake blockchain project, has ignited a complex debate about the future of cryptocurrencies in the world’s second-largest economy. Supporters of the conviction argue that it sends […]

The FBI is urging caution for job seekers looking for remote work opportunities, as scammers are increasingly targeting them with fake work-from-home schemes designed to steal cryptocurrency. These scams often masquerade as legitimate positions with high salaries and minimal qualifications, preying on people’s desire for flexibility and financial gain. The allure of work-from-home jobs has grown significantly in recent years, with many seeking an alternative to traditional […]

A prominent cryptocurrency analyst has ignited fresh optimism in the altcoin market, predicting a significant price surge for a leading alternative coin. The analyst, whose identity remains undisclosed for this report, also offered an updated forecast for Ethereum, the world’s second-largest cryptocurrency by market capitalization. The analyst, known for their accurate technical analysis in the crypto space, specifically pinpointed a “blue-chip altcoin” as primed for a breakout. […]

Arabian Post Staff -Dubai Saudi Arabia has taken a significant step towards exploring digital currencies by joining a cross-border central bank digital currency (CBDC) project led by the Bank for International Settlements (BIS) and China. This move, announced by the BIS in February 2024, positions the kingdom as a full participant in Project mBridge, a collaborative initiative launched in 2021 alongside China, Hong Kong, Thailand, and the […]

In a move aimed at accelerating cryptocurrency adoption, Coinbase, a leading digital currency exchange, unveiled its new user-friendly crypto wallet this week. The wallet, designed for both novice and experienced investors, boasts a slew of features intended to simplify navigating the often-complex world of cryptocurrencies. Coinbase, long established as a major player in the cryptocurrency industry, hopes this new wallet will be a game-changer. With an estimated […]

The cryptocurrency market witnessed a surge in altcoin prices on Wednesday, with Ton (TON) experiencing a particularly significant rise. TON, the native token of the Telegram Open Network blockchain platform, jumped by an impressive 10% in the last 24 hours. This price increase propelled TON into the coveted position of 10th largest cryptocurrency by market capitalization, surpassing established players like Polkadot (DOT) and Chainlink (LINK). Analysts attribute […]

JOHANNESBURG, SOUTH AFRICA – Media OutReach Newswire – 5 June 2024 – Africa’s financial sector gears up for IT News Africa‘s highly anticipated Digital Finance Africa 2024 conference, scheduled for July 4th at the prestigious Maslow Sandton. Under the theme “Empowering Africa’s Financial Future: FinTech Innovations for Inclusive Growth,” this year’s event promises a day of strategic insights and networking opportunities. Abe Wakama, CEO of IT News […]

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Just in:
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