E.U. Makes Sudden Move Against Crypto ‘Threat’ After The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana And Luna Made Huge Gains

E.U. Makes Sudden Move Against Crypto ‘Threat’ After The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Solana And Luna Made Huge Gains

April 9, 2022 0

The European Union (E.U.) has banned the provision of high-value cryptocurrency services to Russia as part of the latest sanctions salvo in response to the invasion of Ukraine. The move prohibits deposits to crypto wallets—including using popular cryptocurrencies bitcoin, ethereum, BNB, XRP, cardano, solana and luna—and follows a warning from European Central Bank president Christine […]

BitMEX crypto exchange lays off a quarter of staff after failed acquisition

BitMEX crypto exchange lays off a quarter of staff after failed acquisition

April 4, 2022 0

Derivatives-focused crypto exchange BitMEX has laid off about 75 employees, or a quarter of the company’s staff, days after its founders’ plans to acquire a German bank fell through. Staff learned of the cuts last week, The Block reported. A spokesperson for BitMEX told The Block that the platform will continue to operate as normal […]

Bitcoin network difficulty reaches all-time high as miners pursue 2M BTC

Bitcoin network difficulty reaches all-time high as miners pursue 2M BTC

April 3, 2022 0

Bitcoin’s hash rate maintained a stronghold throughout the year as it compliments the new ATH for BTC network difficulty. Just when the Bitcoin (BTC) miners helped release the 19th millionth BTC in circulation on Friday, the BTC network’s mining difficulty reciprocated by reaching an all-time high of 28.587 trillion. Bitcoin’s network difficulty correlates to the […]

Aussie crypto ‘finfluencers’ face tough new legal restrictions

Aussie crypto ‘finfluencers’ face tough new legal restrictions

April 3, 2022 0

The Australian securities regulator is taking a stand against financial influencers whom they believe to be bamboozling the general public with misinformation about crypto. New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry. ASIC’s recent Information Sheet outlines […]

U-Turn: Singapore’s Largest Bank Won’t Extend Crypto Services to Retail Clients

U-Turn: Singapore’s Largest Bank Won’t Extend Crypto Services to Retail Clients

April 3, 2022 0

Due to the local financial regulators, which are “rightfully concerned” about allowing crypto services in the retail market, DBS Bank withdrew its plans to provide such options. Piyush Gupta – CEO of Singapore’s leading bank DBS Bank – revealed his institution will not extend its crypto trading services to retail customers in “the immediate future.” […]

Crypto industry fires back after EU vote to block ‘unhosted’ wallets

Crypto industry fires back after EU vote to block ‘unhosted’ wallets

April 1, 2022 0

“Imagine if the EU required your bank to report you to the authorities every time you paid your rent merely because the transaction was over 1,000 euros,” said Coinbase CEO Brian Armstrong. The crypto industry has reacted strongly against a European Union Parliament committee voting in favor of a regulatory package for tighter Know Your […]

Dutch Police Seize NFTs In First for the Country

Dutch Police Seize NFTs In First for the Country

March 30, 2022 0

Key Takeaways Police in the Netherlands seized an unspecified number of NFTs and cryptocurrencies in an investigation this week. The seizure marks the first time that Dutch police have seized non-fungible tokens, but not cryptocurrency. Dutch police seized €35 million ($39 million) of crypto last year, while other countries have made similar seizures. Police in […]

U.S. warns crypto firms against helping Russia: “We will hold you accountable”

U.S. warns crypto firms against helping Russia: “We will hold you accountable”

March 30, 2022 0

Anyone who seeks to help Russia bypass economic sanctions will be held accountable by the US government, says Deputy U.S. Treasury Secretary Wally Adeyemo. This follows the punitive measures that the US and its allies have imposed on Russia for its decision to invade Ukraine. Treasury Department warns anyone against helping Russia bypass sanctions Since […]