The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million from the accounts of the Ecuadorian company. Ecuadorian Police Raid Fortunario …
Tag archives: Bitcoin
DeFi Protocol EverRise Introduces New Utility for On-Chain NFTs
sponsored EverRise, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed token model) and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform built with on-chain utility NFTs. The RISE token is available on Ethereum, …
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Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …
Colombian Money Laundering Watchdog Postpones Crypto Transaction Reporting Resolution
The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts regarding the proposed regulation, which might be modified before its application on …
China’s Central Bank Adds More Digital Yuan Pilot Cities
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds More Cities to Test Its CBDC The Chinese central bank, the People’s Bank of China (PBOC), said Saturday that it is …
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Hackers target Trezor crypto wallet users after mailing list got compromised
Hardware cryptocurrency wallet manufacturer Trezor has divulged that its customers are being targeted by so-called “phishing” attacks after Mailchimp, the firm’s email automation service provider, was “compromised by an insider targeting crypto companies.” “We are currently investigating how many customers might have been affected following an insider compromise of a newsletter database hosted on Mailchimp,” …
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Coinbase unveils its aggressive Indian expansion strategy
Coinbase unveiled that it will be significantly expanding its presence in India, growing both its employees and investments in the country. Brian Armstrong, the CEO of Coinbase, laid out the company’s strategy in a blog post, saying that India has already built a robust identity and digital payments infrastructure that can be further accelerated with …
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Leading BTM Operator Bitcoin of America Working With Mayor Suarez to Promote Women in Crypto at BTC 2022 Miami
press release PRESS RELEASE. The leading virtual currency exchange, Bitcoin of America, is announcing its return to BTC 2022 in Miami. Bitcoin of America made headlines last year at Bitcoin 2021 for promoting females in the cryptocurrency space. This year the company is back and bringing even more of its female team, including its top …
Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub
Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Coinbase Expanding in India With Web3 and Crypto Push The Nasdaq-listed cryptocurrency exchange Coinbase revealed its plan …
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UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to …
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Senator Lummis says Bitcoin is a commodity and will become a currency soon
The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with the question, “Is Bitcoin a currency or commodity?” Senator Lummis quickly and confidently responded: “I own [Bitcoin], a commodity. I believe it will be currency someday, but at this point of its existence, it’s …
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Is Apple about to send Bitcoin to the moon? A rundown of the rumor
Rumors of Apple utilizing Bitcoin in some capacity are running red hot. Fanning the hearsay, YouTuber Crypto Rover summed up sentiment by saying the knock-on effects will see Bitcoin moon. Apple will send #Bitcoin to the moon! — Crypto Rover (@rovercrc) April 3, 2022 There have been numerous reports of an Apple-crypto tie-up in the …
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Crypto miners strike gold in Oklahoma as state introduces new tax incentives
Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the U.S. Called the “Commercial Digital Asset Mining Act of 2022,” the proposed bill would see the state provide various incentives to businesses in “innovative technological industries” that set up shop in Oklahoma. Cheaper …
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Australia continues regulation drive with new policy targeting crypto and financial influencers
The Australian Securities and Investments Commission (ASIC) has issued new warnings to financial influencers. This was contained in its Information Sheet, highlighting what influencers and companies hiring them should be aware of. While there’s no specific mention of cryptocurrency, these rules will most likely apply to the crypto industry. ASIC issues warning to financial influencers …
Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active
Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel. 19,676 Casascius Physical Bitcoins Left to Peel During the last six months, approximately 244 Casascius …