The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform. NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation, alongside the Securities and Exchange Board of India (SEBI). The platform is expected to strengthen the monitoring of security …
Monthly archives: May 2022
Quelle surprise: Central African banks scold the CAR for Bitcoin adoption
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letter addressed to the CAR Finance Minister Hervé Ndoba, the Governor of the BEAC Abbas Mahamat Tolli describes the “substantial negative …
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Tron burning mechanism burns more than 125 million coins
The Tron community has revealed that more than 125 million coins have so far been burned. The issuance of the TRX token is also at negative 120 million coins, equivalent to around $10 million. Tron burning mechanism burns over 125M coins A report from the Tron community said that the network has burned more than …
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Crypto scams on YouTube use fake Elon Musk videos
Fake cryptocurrency endorsements continue to be used by malicious persons that want to steal cryptocurrencies from unsuspecting users. The fake endorsements featured the CEO of Tesla, Elon Musk and other popular figures in the crypto space. A recent report by Bleeping Computer said that millions of dollars worth of cryptocurrencies had been stolen using these …
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Mining Capital Coin CEO indicted over $62M investment fraud
The Department of Justice has indicted the CEO of Mining Capital Coin over a $62 million global investment fraud scheme. The DoJ said that Luiz Capuci Jr. is being charged with various offences ranging from fraud to money laundering. Mining Capital Coin CEO indicted The DoJ said that Capuci was being indicted over a conspiracy …
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Bitcoin whales sell as exchange inflows hit 1.7 million coins
Bitcoin seems to be in a bear market, and most of the market is on a downtrend. The price of Bitcoin seems to have erased any gains made since the beginning of the year, and unlike previous bears, the current one is attributed to increasing selling activities by whales. Bitcoin whales are selling BTC whales …
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Bitcoin whales continue dumping crypto as market conditions worsen
The number of Bitcoin (BTC) whales has been on a steady decline and is back to the levels earlier in 2022, according to blockchain intelligence firm Glassnode. Glassnode also found that the volume of exchange inflows had risen sharply. Specifically, BTC addresses have traded in more than 1,700 coins — the highest level of inflows …
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Nigerian Fintech Founder: ‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startups have dominated the continent in terms of funds raised or the number of transactions performed. Nigeria’s Burgeoning Fintech Scene This dominance has convinced …
Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase …
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Here’s the Most Realistic Bitcoin Prediction for the Rest of 2022, According to Top Crypto Strategist
A closely followed crypto trader is unveiling what he believes is the most realistic price path for Bitcoin (BTC) for the rest of the year. In a new strategy session, trader Kevin Svenson tells his 104,900 Twitter followers that he’s keeping an eye on the 20-month exponential average (EMA), which he says has been key …
Binance takes legal action against fake billboard ads in Turkey
Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings. Turkey is home to a large number of crypto investors that account for over 7% of the total traffic to Binance’s primary platform through a …
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First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable. A brutal combination …
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LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s (UST) peg to the United States dollar. The Singapore-based nonprofit LFG is part of the Terra ecosystem and is tasked with collateralizing the …
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Bitcoin whales jumping ship as exchange inflows reach 3-month high
The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs). Bitcoin market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at …
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Mining Capital Coin CEO accused of $62M investment fraud scheme
The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to …
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