29 / 43 Relevant items tagged with #NewsBytes
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Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud
[Jul 4, 2024 11:33 PM] The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and…
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
[Jul 4, 2024 7:58 PM] On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This…
Meta Launches Awards to Drive AI Innovation in Developing Regions
[Jul 4, 2024 12:54 PM] Meta launched the Meta Llama Impact Innovation Awards to support organizations in developing regions that use Meta’s advanced AI models, Llama 2 and 3, to solve local problems in education, environment, and other areas. The AI models are…
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop
[Jul 4, 2024 6:26 AM] Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to…
UAE’s Zand Bank to Offer Crypto Services
Opera’s Minipay Expands Stablecoin Support: Adds USDC and USDT to Its Digital Wallet
CFTC Wins Case Against Crypto Fund Operators
[Jul 3, 2024 8:36 PM] The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court…
EU–US Financial Forum Highlights Cooperation on Crypto Regulation
[Jul 3, 2024 6:31 PM] The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the…
South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations
[Jul 3, 2024 3:15 PM] The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under…
Tether to Drive Digital Asset Education in Turkey
[Jul 3, 2024 3:55 AM] Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop…
Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
[Jul 3, 2024 2:55 AM] Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of…
Ordinals Explorer Ord.io Introduces Rune-Gated Chats
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
[Jul 3, 2024 12:17 AM] Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel…
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
[Jul 2, 2024 10:29 PM] The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle…
Paypal Ventures-Backed Mesh Partners With Conio to Launch Open Banking Solutions for Bitcoin in Europe
[Jul 2, 2024 7:33 PM] Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto…
Russia’s Cryptocurrency Mining Bill Faces Delays
[Jul 2, 2024 5:20 AM] The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently…
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
[Jul 2, 2024 2:02 AM] Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating…
BIS Report Warns of Rising Public Debt Risks to Global Economies
[Jul 1, 2024 11:34 PM] The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…
Crypto Exchange Bingx Now English Football Club Chelsea’s Training Wear Partner
[Jul 1, 2024 10:32 PM] Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
[Jul 1, 2024 3:46 PM] Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand
[Jul 1, 2024 1:17 PM] Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to…
Tether and Uquid Partner for Social Security Payments in the Philippines
[Jul 1, 2024 11:25 AM] The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued…
Stack Duo Gains Tor Support for Monero and Bitcoin
[Jul 1, 2024 10:45 AM] Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor…
Robinhood Acquires AI Investment Research Platform
[Jul 1, 2024 8:40 AM] Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this…
German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken
[Jul 1, 2024 4:38 AM] The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19…
Gamestop Whale Roaring Kitty Sued for Securities Fraud
Blackrock’s Bitcoin ETF Starts Trading in Chilean Stock Exchange
[Jul 1, 2024 12:41 AM] Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange…
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
[Jun 28, 2024 10:20 PM] The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an…