Singapore Proposes Standards For Banks Dealing With Crypto Sector.
The banks will have the discretion to accept or reject crypto customers.MAS has joined the banks’ and police’s coordinated efforts to improve the screening process.Authorities in Singapore are making a…
Russia Replaces Kazakhstan – Ranking World’s 2nd Crypto Miner.
BitRiver states that Russia consumes 1 GW of power for crypto mining. Next to Kazakhstan, Russia holds the 2nd place this year.As per the reports of Kommersant, a Russian-based newspaper…
ADA Price Recovers Quickly After a Drop Following Cardano’s Oracle Integration.
Cardano’s acquisition of its first oracle integrator, Charli3, caused ADA price drop.The drop was short-lived, however, as the price of ADA surged once again.Cardano’s recent acquisition of its first oracle…
DeSantis and Kennedy Jr Slam Fed’s Plans for Digital Dollar.
DeSantis and Kennedy Jr. criticize Fed’s digital dollar plans. The fed only plans to issue a digital dollar with Congress’ approval.Kennedy Jr. conflates FedNow and CBDC concepts.Florida Governor Ron DeSantis…
More than 37% crypto TikToks are misleading a study reveals.
As TikTok’s popularity continues to surge, the platform has become a hub for financial advice, particularly in cryptocurrencies. However, recent research indicates that many videos contain misleading information or promote…
More than 99% of crypto investors don’t report taxes, report indicates.
As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance. A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of…
BlackRock Paris Office Under Attack.
French protestors invaded the Paris BlackRock office. BlackRock suffers the damage of being the largest asset manager. BlackRock, the global investment firm’s France office, was invaded by the French protestors.…
Robinhood Fined $10.2 Million Over Platform Glitch in March 2020.
Robinhood didn’t do its homework before allowing options trading as per regulators.Several lawsuits were filed after the interruption due to client’s losing trading prospects.The California Department of Financial Protection and…
Floki Payments Activated on Twitter, Reddit and Discord
FLOKI can be wired to and transferred across several websites via unique Web3 IDs.At press time, FLOKI holders account for up to 71K on Ethereum and 377K BNB Chain.The viral…
North Korea Steals $1 Billion in Cryptocurrency Assets.
North Korea has been using cyberattacks to bypass economic sanctions.The country allegedly stole $1 billion worth of cryptocurrency assets in 2022.The amount of stolen cryptocurrency almost tripled in 2022.According to…