The Financial Regulator of Singapore has developed rules for stablecoin digital currencies. Reserves that support stablecoins should be held in low-risk, highly liquid assets. The level of reserves must always equal or exceed the amount of...
cryptocurrency
Unknown scammers have created more than 60 fake PayPal USD tokens on multiple blockchains – imitating a stablecoin issued by the payment system to collect funds from gullible citizens. In reality, these digital assets are worth nothing. Image...
The PayPal payment service has launched its own stable cryptocurrencypegged to the US dollar – the digital asset is backed by cash deposits, short-term government bonds and other cash equivalents. Over time, the stablecoin will be available to all...
Before the U.S. Securities and Exchange Commission (SEC) sued Coinbase in June, it asked it to halt trading in all types of cryptocurrencies except bitcoin. reported The Financial Times quoted Coinbase CEO Brian Armstrong on Monday. Image source:...
Founded by the head of OpenAI Sam Altman (Sam Altman), the cryptocurrency startup Worldcoin began providing services around the world and introduced worldwide the cryptocurrency of the same name, which can be used only after the user confirms his...
The largest cryptocurrency exchange, Binance, has laid off a significant portion of its workforce due to federal investigations by regulators in the US and abroad, which could drastically disrupt its business. Image source: Binance More than 1,000...
Former CEO of cryptocurrency lending firm Celsius, Alex Mashinsky, and the company’s chief income officer, Roni Cohen-Pavon, have been arrested on securities fraud charges. The US Department of Justice accuses them of illegally manipulating...
Several offices of crypto exchange Binance in Australia were raided on Tuesday in connection with an Australian Securities and Investments Commission (ASIC) investigation into possible violations of the law in derivatives transactions. informed...
The rapid rise in popularity of generative neural networks like ChatGPT has opened up new opportunities for cryptocurrency mining companies. A prime example of such activity is Spanish company Satoshi Spain, which sold and rented mining equipment...
The cryptocurrency platform Poly Network, which allows combining the work of different types of blockchains, has been subjected to a hacker attack. According to the available data, the attackers managed to generate billions of non-existent...
Cryptocurrency owners lost a total of $11.5 billion in assets in 2022 due to the activities of hackers and scammers, analysts found TRM Labs. Despite the collapse in cryptocurrency prices, the volume of related dollar crime has not changed...
Belgian authorities have banned crypto exchange Binance from offering its services in the country. As published last Friday opinion Binance, the Belgian Financial Services and Markets Authority (FSMA), offers cryptocurrency trading and storage...
Binance, the largest cryptocurrency exchange, has announced its exit from the Dutch market. The decision was made after the company failed to obtain a license as a virtual asset provider, confirming that the platform complies with local anti-money...
Bitcoin (BTC) fell below $25,000 to $24,990 last Wednesday as investors didn’t react to the Federal Reserve System’s (Fed) decision to keep interest rates at the same level — in the 5-5 range .25% per year . Previously, the Fed had...
Nigeria’s Securities and Exchange Commission has ordered the world’s largest crypto exchange, Binance, to cease operations in the country. According to the agency, the site’s local department, which worked with Nigerian investors...
Doctor web specialists discovered in several unofficial builds of Windows 10 distributed via a torrent tracker, a trojan stealer. It is Trojan.Clipper.231 malware that replaces the addresses of cryptocurrency wallets on the clipboard with addresses...
Nansen said investors have withdrawn around $790 million from cryptocurrency exchange Binance and its US subsidiary in the past 24 hours. This came the day after the US Securities and Exchange Commission filed a lawsuit against both companies...
Stablecoin issuer Tether has announced its intention to set up a Bitcoin mining computing site in El Salvador, powered by renewable energy sources. The investment volume required for the implementation of this project is estimated at 1 billion US...
The world’s largest cryptocurrency exchange, Binance, has lost a quarter of its market share over the past three months as it faces prosecution by a US regulator for alleged violations of US federal laws. Image Source: Kanchanara / unsplash...
Cryptocurrencies like Bitcoin and Ethereum are not backed by underlying assets, meaning they lack “true value”. Therefore, trading in digital assets should be regulated as gambling, said the UK House of Commons Finance Committee. Image Source:...
