Dubai regulator tightens rules on crypto marketing
[Sep 26 9:46 AM] VARA CEO Matthew White said that clear and actionable guidance helps crypto providers deliver their services responsibly.
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Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages
[Sep 26 8:30 AM] Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation…
Lightning Wallet Osmo Brings Financial Services to Puerto Rico
[Sep 26 7:30 AM] Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using…
Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares
[Sep 26 5:30 AM] Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed…
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
[Sep 26 2:30 AM] The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as…
Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’
[Sep 25 11:30 PM] Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns…
Cryptocurrency and Stocks Show High Correlation Levels as Macroeconomics Start Driving Markets
[Sep 25 9:30 PM] A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic…
South Korean foundation to recover funds from defunct crypto exchanges
[Sep 25 4:53 PM] The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?
[Sep 25 1:00 PM] Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an…
Email auto-reply vulnerability allows hackers to mine cryptocurrency
[Sep 25 10:42 AM] Hackers exploit email auto-replies to spread crypto-mining malware, hijacking unsuspecting users' systems to mine cryptocurrency without their knowledge.
FBI Warns of Growing ‘Pig Butchering’ Crypto Schemes in Maryland
Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH?
[Sep 25 3:30 AM] Ethereum (ETH) exchange-traded funds (ETFs) posted the largest outflows since July 2024, with $79.2 million leaving the market on Monday, according to data from SoSoValue. Ethereum ETFs Continue To Underperform Despite the highly-anticipated and…
Congressman Blasts SEC Chair Over Crypto Regulation Failures
[Sep 25 3:30 AM] Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your…
Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust
[Sep 25 2:30 AM] Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that…
Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation
Lawmakers Question SEC Over Disruptive Crypto Custody Rules
[Sep 24 11:20 PM] Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question…
Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios
[Sep 24 10:15 PM] A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it…
Argentina Rejects UN Pact for the Future as Milei Breaks With International Agenda
[Sep 24 9:10 PM] The government of Argentina has refused to endorse the United Nations Pact for the Future, a framework that proposes solutions for “the biggest challenges of our time.” Foreign Minister Diana Mondino stated on Monday before the UN Assembly that…
Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming
Stepn Partners With Adidas for Genesis Sneakers NFT Launch
[Sep 24 9:30 AM] Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go…
Aptos: Engagement, Active Accounts Growth Fuel 36% APT Rally
[Sep 24 8:00 AM] Aptos rides the bullish wave that swept over the market. The token, according to the latest market updates, registered an almost 36% surge in price, which follows the movement of major cryptocurrencies such as Bitcoin and Ethereum, pushing forward…
October’s Crypto Bull Run: 5 Memecoins With 100x Return Potential
[Sep 24 6:30 AM] As the broader crypto market shows signs of notable recovery, memecoins are experiencing significant gains, reflecting investors’ renewed appetite for quick and substantial returns after a period of volatility and price declines. Move From…
Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy
[Sep 24 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating…
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
[Sep 24 4:30 AM] The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all…
VP Kamala Harris’s First Speech On Crypto Sparks 7% Rise In This Memecoin
[Sep 24 3:30 AM] Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected. …
Sygnum Secures Liechtenstein License to Expand Crypto Services in EU
[Sep 24 2:30 AM] Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA…
‘Worst Airdrop in History’: Hamster Kombat to Reach 131M Users Amid Token Allocation Criticism
[Sep 23 10:15 PM] Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the…
Bitcoin’s bottom slowly erodes as whale wallets increase by 3%
[Sep 23 6:20 PM] The number of wallets with less than $10 in BTC swelled by 75% in the same period but cryptocurrency’s middle class shrank.
Kamala Harris Pledges to Support Digital Assets — ‘We Will Cut Needless Bureaucracy’
[Sep 23 4:12 PM] Vice President Kamala Harris has pledged to support innovative technologies like artificial intelligence and digital assets while ensuring consumer and investor protection. Her remarks, highlighting AI and cryptocurrency as key aspects of her…
Weekly Crypto Standouts: CEL’s 339% Surge, BNX’s 15% Decline
[Sep 23 3:13 PM] On Monday, Sept. 23, 2024, the crypto market reached a total value of $2.22 trillion, marking a 1.3% increase in just 24 hours. Over the past week, bitcoin (BTC) climbed 8.7% against the U.S. dollar, while ether (ETH) enjoyed an impressive 15.8%…