According to reports, a recent innovation with a cellular network could allow millions of users to trade BTC. This includes those who could not use BTC due to a lack of internet connections. The latest technology does not use a data connection to operate. Kgothatso Ngako, a developer in South Africa, has developed a tool […]
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As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet. As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain […]
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The Deputy Governor of the SARB (South African Reserve Bank) recently stated that the organization had revised its stance on crypto. Currently, the central considers crypto to be financial assets. As a result, it is working on regulations to guide their usage. By 2023, the SARB plans to have a set of principles for cryptocurrencies […]
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Several financial regulators have been clamping down on the crypto sector in recent months. This is in an effort to control the new and mostly unregulated asset. Currently, Hong Kong is revising its anti-money laundering laws to include cryptocurrencies. This amendment is due to the increased usage of crypto in the state. On July 13th, […]
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Popular crypto exchange, Bitstamp, has announced plans to issue a fee for inactive accounts. The latest announcement will take effect from August 1st. Meanwhile, this news is due to the ongoing downturn in the crypto market. This decline has affected the revenue of several crypto firms. According to the exchange, inactive users will be charged […]
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Despite the IMF’s stance toward crypto, the agency has acknowledged the usefulness of digital assets. The organization believes digital assets could become an alternative to conventional financial products. In June, the IMF (International Monetary Fund) published a blog post citing the usefulness of cryptos and CBDCs. It believes they can be more effective for payment […]
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The Central Bank of Morocco (CBM) is working on a crypto regulation Bill. Also, the bill will help curb terrorism financing and money laundering in the country. This is because the bill will also upgrade the regulations guiding them. According to the governor of the Central Bank, Abdellatif Jouahri, the institution will release the regulation […]
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In the past months, the mining sector has faced harsh sanctions in various countries. Recently, the Iranian government introduced a seasonal ban on crypto mining. Also, the nation’s electricity distribution company has ordered crypto miners to suspend activities. However, the local community has reacted negatively to the announcement. Many are asking why the company ordered […]
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In the past months, there have been a series of attacks by hackers on cross-chain bridges. These attacks have caused serious damage to the cryptocurrency community. Meanwhile, the latest attack was on the popular cross-chain bridge, Horizon Bridge, owned by Harmony. Given the recent economic downturn, this is a huge blow to the DeFi platform. […]
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Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.” Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market Various officials warned that not regulating […]
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