Briefly- The financial regulator in South Korea sets a deadline for crypto exchanges to register as authorized trading platforms. Local cryptocurrency exchanges struggle to meet the financial regulator’s conditions. Crypto traders in the country might witness losses in kimchi tokens worth more than $2.6 billion. South Korea’s FSC (Financial Services Commission) declared another deadline for…
As per the latest reports, Ilgiz Shakirov has been detained by the police in Tatarstan. The sources reveal that it is the republic of Tatarstan, a republic of Russia, whose police authorities have detained Shakirov. Ilgiz Shakirov is known for being a prominent businessman in Kazan, which is the capital city of Tatarstan. The authorities…
NFTs have shown a brilliant comeback which has been manifested through the spiking volumes of sales, especially the enthusiasm of prominent collections, such as the CryptoPunks market. During June’s end, dropping interest witnessed the initiation of a 7-day decline in the NFT sales, which started deteriorating from its peak of about $176M on 9th May…
A high-ranking representative of the notorious Finiko Ponzi scheme in Russia has finally been arrested in Tatarstan. A businessman hailing from Kazan, Ilgiz Shakirov was part of the crypto pyramid and had risen to the position of vice president. It is believed that the scheme ended up defrauding millions of people in the Russian Federation…
With every passing day, the focus of major electronic payments’ giant MasterCard, is increasing towards cryptocurrencies. MasterCard has been making constant developments and it is going through several acquisitions in order to make its journey extremely profitable. This is the reason MasterCard is venturing more and more inside the cryptocurrency industry. The main goal is…
Owing to the huge hype around the NFTs, the mining revenue generated from Ethereum has gained an extra 60% in August. While a total of $1.08 billion was generated in July, the total figure recorded in August is about $1.65 billion. On the other side, there was an increase in the figure recorded from Bitcoin…
It was just recently, when the Visa’s representative, Eduardo Abreu was reportedly interviewed by Seu Dinheiro, a local news outlet from Brazil. Abreu, is Visa’s new business’s vice president, who talked about Visa’s new venture into cryptocurrencies. He revealed that Visa, the payments giant is planning to bring something huge for the Brazilian market. Abreu…
Bitcoin and other cryptocurrencies experienced mixed price actions over the past few sessions. Meanwhile, BTC has to climb back through the $48K levels to support the upside market momentum. Bitcoin On Thursday, BTC-USD climbed by 0.73%. With that, the dominant coin partially reversed Wednesday’s 1.67% plunge to end the day near $46,389.0. However, Bitcoin started…
A warning has been made public by the joint authorization of the Venezuelan Police as well as the Sunacrip – an authority that looks after the interests of the country’s financials, including the crypto industry, warning the public against active crypto fraud schemes set up by scammers and fraudsters. A whole list containing multiple recommendations…
Recently, a massive reward of up to $10,000 is up for grabs for hackers who are willing to participate in the Bug Bounty initiative, which had been created via a partnership with Cardano (ADA) and HackerOne. The goal of this program is to test for any and all performance-related problems which could end up leading…
One of Russian Government’s website belonging to a local administrative entity was hacked recently by crypto hackers who not only trolled the victim and even offered free Bitcoins to the website visitors. However, as of today, the control of the website has been taken back but the Russian Government is annoyed and has been taking…
Bitcoin is one day away in becoming the official currency of El-Salvador yet the survey results are contrary as seven El-Salvadorians out of ten does not want Bitcoin to the legalized under the law called “Bitcoin tender”. Believe it or not or howsoever it looks odd to anyone but the truth is Bitcoin is going…
JPMorgan recently made a historic move, when it started to offer its clients access to a variety of cryptocurrency options. The move, while being controversial among some, was seen to be a smart move given the current climate. And since their new options, they have seen demand for crypto options skyrocket. More specifically, they have…
The highest bid of BUSD 150,500 was put on the artwork of Da Vinci at the first NFT Binance auction at the Hermitage. Despite the usually unfavorable stance of the Russian government towards cryptocurrencies, such as Bitcoin (BTC), a famous state-based museum benefits the market by earning hundreds of thousands of dollars with non-fungible tokens…
Martin Mhlanga of Zimbabwe was suspected of launching a Bitcoin Ponzi scheme in the country under the “Cryptoshares”. However, though his disguise was busted before the local police could get him, he vanished from the scene and took away with him US$ 6 Million approximately which he had collected from the Bitcoin fraud scheme. Similarly,…
Brazilian National Congress is considering a proposed law which is on the subject of crypto and intends to collect revenues in the form of “taxes” against crypto transactions, however, the law has become a hot debate because it provides for a certain timeframe within which the legislation will automatically start imposing taxes upon crypto, subject…
The London Hard Fork deployed on the 5th of August has just been a bit over three weeks. According to the Finance Developer of the Yearn Network, the network has seen a swift adoption in a short time. In a tweet posted on August 27, the finance developer mentioned that the SegWit upgrade by Bitcoin…
For the Eastern Europe region, crypto scammers do not have to do much, as they are easily targeted and fell into the trap quite easily. This is so true because Chainalysis report suggests that Eastern Europe tops in sending crypto funds to malicious addresses out of the region which mostly belongs to the scammers. The…
A survey commissioned in the US crypto market has been concluded and issues findings that approximately 50% of the American consumers have actually invested money into the virtual assets. Most of the persons reviewed also suggested that they invested much of their funds at the beginning of the year 2021 i.e. Q1. Market surveys are…
The altcoin market has witnessed price swings as the alts hold on Ethereum and Bitcoin’s coattails. COSMOS lost 2.4% to hover slightly beneath the weekly high near $25.54. Meanwhile, Solana saw its lucrative actions taking it to another ATH after climbing by 7.7%. Ethereum Classic battles to return to its multi-week highs near $75.04, surging…
