Tag: crypto

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Government Agencies Probe WazirX Hack Indian government agencies, including the Financial Intelligence Unit (FIU), are investigating a $235 million hack targeting WazirX, amid suspicions of insider involvement. The crypto exchange WazirX is working closely with authorities, such as the Financial Intelligence Unit, to address the $235 million theft from its wallet in July. Sources told […]

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HSBC Australia has announced it will block customer payments to cryptocurrency exchanges starting July 24 due to concerns over customer protection. HSBC Blocks Crypto Payments In a July 24 email to customers, HSBC Australia detailed its “new safety measures,” stating: “From 24 July 2024, HSBC will block payments from bank accounts and credit cards that […]

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The Nigerian Police Force has escalated its efforts against crimes involving cryptocurrencies by detaining well-known crypto figure Linus Williams, who is popularly known as BLord. The arrest was confirmed by the Force Public Relations Officer, Olumuyiwa Adejobi, through a statement issued on July 17. According to the announcement made on X, BLord was arrested due […]

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From 2018 to 2023, unauthorized crypto mining operators in Malaysia have illicitly appropriated electricity valued at $723 million. During a recent event, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, disclosed these figures as authorities destroyed around $467,000 worth of confiscated items, including Bitcoin mining devices and other electrical equipment. […]

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Cryptocurrency adoption is accelerating worldwide, with significant growth in the UAE and Vietnam. Singapore, though a financial powerhouse, is slower to embrace digital currencies than its regional neighbors. New data from Triple-A shows notable differences in cryptocurrency engagement across various countries. Explore the latest statistics on global cryptocurrency adoption, with the UAE and Vietnam at […]

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3iQ, a prominent Canadian investment management firm, announced on Thursday their submission of a prospectus to the Ontario Securities Commission (OSC) for launching a novel exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). This ETP, exclusively focused on Solana (SOL), is named “Solana Fund” and will trade under the ticker QSOL upon OSC approval, […]

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Interest in altcoins might be the key factor as South Korean interest in alternative cryptoassets keeps growing, a new report has claimed. According to the South Korean media outlet Kyunghyang Games, the findings were published in a report on the nation’s crypto community by the blockchain market consultancy DeSpread. The report’s authors mentioned that “altcoin […]

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KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]

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The UK’s Finance Minister has revealed the government’s intention to establish a regulatory framework for cryptoassets by the end of July. Prime Minister Rishi Sunak, during his tenure as the nation’s finance minister, expressed the ambition to position the UK as a global center for cryptocurrencies. Economic Secretary to The Treasury, Bim Afolami, confirmed that […]

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Bitcoin remains the preferred choice in investors’ portfolios (91%), with Ethereum trailing closely behind (78%), indicating strong asset preferences. A recent study by KPMG indicates a resurgence in investor sentiment following a turbulent year in the cryptocurrency market. The research, encompassing approximately 2,400 private crypto investors across Germany, Austria, and Switzerland, provides insights into evolving […]