Cryptocoins News / Blockchain - 2 years ago
The Federal Financial Supervisory Authority of Germany (BaFin) has stated that it is not yet prepared to classify non-fungible tokens (NFTs) as securities. While NFTs may be considered investments in certain cases, BaFin suggests that classification...
Cryptocoins News / Blockchain - 2 years ago
FTX has struck a deal with a company owned by the government of Abu Dhabi to sell its remaining interest in venture capital firm Sequoia Capital for $45 million. The deal is subject to approval by the Delaware bankruptcy judge and is part of FTX's ef...
Cryptocoins News / Blockchain - 2 years ago
Safeheron has identified a security flaw in MPC wallets when used with Starknet-based apps like dYdX and Fireblocks. The flaw allows attackers to bypass the security protection of private keys in MPC wallets, potentially leading to unauthorized trans...
Cryptocoins News / Blockchain - 2 years ago
A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to tru...
Cryptocoins News / Blockchain - 2 years ago
Over 50,000 Bitcoin, valued at $1 billion, were transferred from multiple wallets linked to US law enforcement seizures. Approximately 9,861 BTC was sent to Coinbase, while the rest were internal transfers. The BTC was seized from the Silk Road marke...
Cryptocoins News / Blockchain - 2 years ago
The Indian government has imposed anti-money laundering (AML) standards on crypto, subjecting a range of crypto transactions to the Prevention of Money-Laundering Act (PLMA) 2002. The PLMA obliges financial institutions to maintain a record of all tr...
Cryptocoins News / Blockchain - 2 years ago
The Russian Association of Crypto Industry and Blockchain (RACIB) has written an open letter to President Vladimir Putin urging him to address the risks of delayed cryptocurrency regulations in Russia. The letter argues that Russia has been too slow...
Cryptocoins News / Blockchain - 2 years ago
Binance NFT has expanded its marketplace by adding support for Polygon network, allowing users to trade NFTs using their Binance accounts. However, only selected ERC-721 NFT Collections on the Polygon network are currently available on the platform,...
Cryptocoins News / Blockchain - 2 years ago
Snark.art and OG.Art's Heterosis project has launched a collection of dynamic NFT flowers that can be bred and customized by users. The project creates two virtual flower markets and is housed in a metaverse greenhouse that can be accessed via variou...
Cryptocoins News / Blockchain - 2 years ago
Transform Ventures has co-invested in Alpha Transform Holdings, a new holding company aiming to support the blockchain ecosystem through investments via two new funds. The merger of select assets from Transform Ventures and Alpha Sigma Capital’s pare...
Cryptocoins News / Blockchain - 2 years ago
Bitcoin Ordinals, the ability to permanently store data on the Bitcoin blockchain, are a controversial topic within the cryptocurrency community. However, builders and CEOs of Bitcoin-focused companies see potential for the technology, despite concer...
Cryptocoins News / Blockchain - 2 years ago
A European asset manager, Amundi, believes that the ongoing cryptocurrency industry collapse does not mean that digital assets like Bitcoin are doomed to fail. Despite BTC's inability to protect investors from rising inflation, its limited supply may...
Cryptocoins News / Blockchain - 2 years ago
Coinbase has introduced Wallet-as-a-Service (WaaS) to provide enterprises with a customizable on-chain wallet API for easier customer onboarding, loyalty programs, and in-game purchases. The WaaS infrastructure features multi-party computation (MPC)...
Cryptocoins News / Blockchain - 2 years ago
Algodex warns of a security breach on March 5, while MyAlgo urges users to withdraw assets or rekey funds following a February hack. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty. (Read More)
Cryptocoins News / Blockchain - 2 years ago
The Utah State Legislature has passed the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to DAOs, also known as "Utah LLDs". The act defines ownership, protects anonymity, and introduces quality ass...
Cryptocoins News / Blockchain - 2 years ago
Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. S...
Cryptocoins News / Blockchain - 2 years ago
In 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to th...
Cryptocoins News / Blockchain - 2 years ago
China is introducing a new national financial regulator as part of a governmental overhaul. The current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished, and its responsibilities will be...
Cryptocoins News / Blockchain - 2 years ago
WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from inve...
Cryptocoins News / Blockchain - 2 years ago
Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decl...
Cryptocoins News / Blockchain - 2 years ago
Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is faci...
Cryptocoins News / Blockchain - 2 years ago
Digital asset investment firms invested $2.7 billion in decentralized finance (DeFi) projects in 2022, marking a 190% increase from the previous year, while investments into centralized finance (CeFi) projects dropped by 73% to $4.3 billion. Despite...
