Amid the ongoing crypto bear market, a new NFT collection dubbed “Winds of Yawanawa” has generated over $3.9 million in sales in just one week. The digital art series is a collaboration between the Brazilian indigenous community of Yawanawa and artist Refik Anadol. It utilizes weather data from the Amazon village to create evolving and […]
European Union (EU) financial regulators warned cryptocurrency companies Tuesday about potentially exploiting differences among member states once new bloc-wide rules take effect. The European Securities and Markets Authority (ESMA) advised major crypto companies to begin preparations now for the incoming Markets in Crypto-Assets (MiCA) regulation. Starting in 2024, MiCA will require firms to obtain licenses […]
Bitcoin’s share of the overall cryptocurrency market has risen to its highest point since April 2021, currently sitting at 52.45%. According to TradingView data, Bitcoin dominance has been trending up since breaking out of a months-long range between 38 and 48% in June. This move reversed altcoin gains made versus BTC in early 2021. Technical […]
As the world’s largest crypto exchange by volume, Binance is known for its liquidity depth during periods of market volatility. However, this reputation was challenged during Monday’s bitcoin price whipsaw. According to data from Kaiko, Binance saw a major liquidity contraction versus rivals like Kraken and Coinbase when false rumors of a BlackRock BTC spot […]
Ferrari has started allowing purchases of its luxury sports cars with cryptocurrency in the United States and plans to roll out the payment option in Europe next year according to Reuters. According to Ferrari’s Chief Marketing and Commercial Officer, Enrico Galliera, the move comes in response to rising demand from wealthy clients who have invested […]
Cybercriminals have developed a novel attack vector exploiting Binance Smart Chain (BSC) smart contracts to covertly distribute malware to unsuspecting internet users. According to an Oct. 15 report by Guardio Labs, hackers are compromising WordPress websites and injecting code that retrieves malware payloads hidden in BSC contracts. The decentralized nature of blockchain allows the payloads […]
The Australian government released a consultation paper detailing plans to enact licensing requirements for crypto exchanges by 2024. Firms would have a 12-month transition period once legislation passes to get approved. The Treasury expects to deliver draft laws by mid-2023. The framework aims to boost consumer protections for crypto investors and traders. Under proposed rules, […]
A leaked 75-minute recording obtained by CoinTelegraph captured the tense moment Caroline Ellison informed Alameda Research staff that FTX user funds were improperly lent to the trading firm. In a November 9, 2022, staff meeting after FTX halted withdrawals, Ellison admitted Alameda had borrowed heavily from FTX to cover its investing activities. This led to […]
A CFTC commissioner sharply criticized Voyager Digital for “bare-bones” due diligence that led to billions in customer losses before its bankruptcy. Commissioner Kristin Johnson said Voyager ignored obvious warning signs and failed to exert oversight on how subsidiary firms handled client funds. Johnson likened Voyager to a house of cards for shirking custodial responsibilities and […]
Zhou Xiaochuan, ex-governor of the People’s Bank of China (PBOC), advised developers of the nation’s central bank digital currency to prioritize security, cost-efficiency, and preventing illicit use. In remarks at a Beijing forum, Zhou said security is especially crucial in finance and currency systems. He warned that as technology improves convenience, it can also enable […]