Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world. Tweeting on Sunday, the former Central Intelligence Agency (CIA) agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies. Snowden’s tweet referenced remarks made back on March 13, 2020, amid the …
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The Hong Kong Monetary Authority (HKMA) has today released an official whitepaper exploring the potential of a retail-focused central bank digital currency (CBDC), the digital Hong Kong dollar (e-HKD). According to the document, the HKMA will seek to understand the “potential architectures and design options” from a technical and regulatory policy perspective, with the ambition …
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BitOasis, a cryptocurrency exchange from the United Arab Emirates, has partnered with the Dubai Police Force to raise awareness about frauds related to crypto investment and trades. The exchange’s partnership with the Dubai Police is intended to help build regulations that will make crypto safe for investors in the region, BitOasis CEO Ola Doudin said. Speaking …
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September could be a nightmare for many crypto traders and investors as Ethereum dropped by 16%. According to the records, it is the second-largest level since June. After the spectacular rally in cryptocurrency over the past 12 months, many expect that the market would experience a pullback. However the possibility is low when it comes …
Over 6,000 Coinbase users saw their drained last week as hackers exploited an authentication bug to bypass the company’s SMS security feature, tech publication Bleeping Computer reported. Coinbase said it would reimburse the stolen amounts to make up for damages and did not report further security breaches as of press time. The hackers exploited a …
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On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors. The cryptocurrency exchange SUEX, a private company registered in the Czech Republic, has facilitated transactions involving illicit proceeds for at least eight ransomware variants. The Treasury Department pointed out that …
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A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be issued a legal certificate. Better Understanding of Blockchain As explained on UCT’s website, students that successfully complete …
Link Global, a bitcoin mine operator in Canada, is facing a fine of up to $7 million for installing power plants to run its miners without government permission. The company installed several power plants without following legal procedures and alleges that, if the penalty is enforced, it will constitute a fatal blow to its finances. …
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its …
press release PRESS RELEASE. Right after the Marnotaur DeFi leverage platform announced the extremely quickly completed of its Marnotaur NFT collection presale, the team announced that the collection would go public. The date for the sale has been set for October 4th on the official website https://nft.marnotaur.com/ and there are expectations in the community that …
A closely followed crypto analyst who accurately predicted Bitcoin’s monthly closing prices says he is expecting the bull market to extend beyond this year. PlanB tells his 972,800 Twitter followers that he believes Bitcoin is about the kick off the second leg of its bull cycle. ADVERTISEMENT “On-chain analyses finished tonight: In my opinion, …
Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto. Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies like Bitcoin (BTC), according to an official announcement on Sept. 29. …
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Bitcoin (BTC) starts a new week fresh from its first attempt to crack $50,000 in over a month — what’s in store next? After an encouraging weekend, BTC/USD faces an increasingly bullish macro climate and a host of expectations from analysts who demand that October changes the game. Q4, they say, should be unlike anything …
Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter on Sept. 30. According to a rough translation, Bukele stated: …
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Major DeFi money market Compound’s woes are worsening, with nearly $150 million worth of COMP now at risk due to a buggy upgrade to the protocol that went live last week. On Sept. 30, Cointelegraph reported that a bug had resulted in between $70 million and $85 million worth of COMP tokens being mistakenly offered …
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