The governor of Brazil’s central bank has announced plans to ramp up crypto regulation in response to rapidly growing adoption in the country. In recent remarks, Governor Roberto Campos Neto highlighted a 44.2% year-over-year increase in cryptocurrency funds imported by Brazilians, totaling $7.4 billion from January to August 2022. Citing the popularity of stablecoins for […]
SEC Chair Gary Gensler remained defiant in his harsh crypto appraisals while facing intense questioning from Congress this week. Gensler declined to provide clarity on urgent industry issues despite criticism of the SEC’s “crusade” against digital assets. During Wednesday’s House Financial Services Committee hearing, Gensler reiterated warnings about crypto firms recklessly commingling customer assets, calling […]
The Shiba Inu ecosystem’s Bone token (BONE) rose around 10% on Wednesday morning to over 90 cents, logging one of the biggest gains in otherwise slow crypto markets. The jump in Bone appears to be fueled by positive sentiment after Shiba Inu developers announced the full renunciation of the token’s deployer contract. Renouncing a smart […]
The SEC has extended its review window for spot bitcoin ETF applications from Ark 21Shares, Global X, and others yet again. The latest deadline push comes as the agency braces for a potential federal government shutdown this week. On Tuesday, the SEC moved up interim deadlines to designate more time before final rulings must be […]
Taiwan’s cryptocurrency sector is poised to usher in a new era of legitimacy and oversight with the imminent formation of an industry association. The island nation’s financial regulator is set to release comprehensive guidelines later this week, marking a pivotal moment for the digital asset space in Taiwan. In a joint statement, nine leading cryptocurrency […]
Ben Armstrong, better known as Bitboy Crypto in the cryptocurrency world, found himself in a dramatic turn of events as he was arrested while attempting to confront a former business partner. The incident unfolded late on September 25, leaving many in shock. Armstrong Arrested with Unspecified Charges The Gwinnett County Sheriff’s Department’s records reveal that […]
Arkham, a reputable blockchain intelligence platform, has disclosed a significant revelation regarding the cryptocurrency exchange behemoth, Coinbase. It has come to light that Coinbase has amassed a substantial reserve of nearly 1 million Bitcoins (BTC), with a current market valuation of a staggering $25 billion. The report from Arkham sheds light on Coinbase’s remarkable holdings, […]
Mixin Network, a prominent player in the realm of blockchain technology, recently found itself at the center of a security crisis. SlowMist, a respected blockchain security consultancy, has confirmed a shocking report: Mixin Network was hacked, resulting in losses amounting to nearly $200 million. The breach unfolded in the early hours of September 23rd when […]
Grab, the renowned ride-hailing super-app with a stronghold in Southeast Asia, has ventured into the world of Web3 services. This strategic shift opens up a world of possibilities for its massive user base, enhancing their digital experience. With this update, Grab users now have the capability to effortlessly set up their Web3 wallets, unlocking a […]
The notorious Lazarus Group, a North Korean hacker organization, has once again demonstrated its capabilities by orchestrating a massive digital heist. This time, their target was the crypto casino Stake, resulting in a staggering loss of $41 million in digital assets. The FBI officially confirmed this harrowing incident in a statement released on Thursday. The […]