National Australia Bank (NAB) will block payments to certain cryptocurrency platforms due to high scam risk
Other major Australian banks have also blocked...
Cryptocurrency pyramid and Ponzi schemes edged out with a staggering $7.8 billion in 2022, according to TRM Labs
Investment fraud involving cryptocurrency rose...
FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts.
The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.
The internet has undoubtedly transformed our world, revolutionizing communication, transactions, and access to data. However, as we move forward into the future, new technologies are emerging that have the potential to reshape the Internet as we know it. One such technology is blockchain, a decentralized and secure system revolutionizing various industries.
Bitcoin dominance, a metric that measures the percentage of Bitcoin's market capitalization to the total cryptocurrency market cap, has surpassed the 50% mark.
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The spectacular rise of the cryptocurrency industry has presented a fresh challenge for financial regulators. Some researchers and policymakers have warned the overly aggressive crypto market regulation might clutter the promising new financial asset class. Others have indicated that businesses could flee the jurisdictions whose regulations they consider ‘anti-crypto’ to the less regulated jurisdictions. Moreover, some have suggested that crypto regulatory actions will inspire market activity by offering clarity to participants.
Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal."
The SEC's primary contention is that Binance...
The SEC named ADA, SOL, and MATIC in lawsuits filed against Coinbase and Binance. The SEC referred to the three crypto-assets targeted for delisting from Robinhood as unregistered securities in the lawsuits. The lawsuits are part of a broader SEC endeavour to regulate the crypto industry.
Bitcoin failure in CAR reveals loopholes that must be fixed before the continent is ready to adopt cryptocurrencies widely.
The Central African country...
The Financial Action Task Force (FATF) has slammed Qatar for not taking enough action against cryptocurrency firms.
The rise of Artificial Intelligence (AI)...