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Day: October 18, 2023

  1. Home
  2. 2023
  3. October
  4. 18
  5. Page 3
Taproot Assets Launches on Bitcoin, Revolutionizing Tokenized Asset Capabilities
  • bob
  • 2023-10-18
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Fintech and Blockchain Startups
  • World

Taproot Assets Launches on Bitcoin, Revolutionizing Tokenized Asset Capabilities

Lightning Labs has announced the launch of Taproot Assets on the Bitcoin mainnet, introducing tokenized asset capabilities to the network. This release allows for the issuance, management, and exploration of stablecoins and other assets on the Bitcoin blockchain. Taproot Assets is expected to enable the issuance of various global currencies, with transactions settled instantly over […]

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FTX Trial Exposes Alameda’s $8 Billion Debt and Exclusive Benefits
  • bob
  • 2023-10-18
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America
  • Regulatory Developments

FTX Trial Exposes Alameda’s $8 Billion Debt and Exclusive Benefits

Accounting professor Peter Easton provided testimony in the trial of former FTX CEO Sam Bankman-Fried, shedding light on the commingling of funds between FTX and Alameda Research. Easton’s analysis revealed that Alameda used funds from FTX customers to invest in various ventures, resulting in a negative balance of $11.3 billion with FTX in June 2022. […]

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Twitter Tests New Signup Model to Combat Bots: Pay or Verify
  • bob
  • 2023-10-18
  • Asia
  • Company News
  • Cryptocurrency Innovations
  • Financial Scams and Security

Twitter Tests New Signup Model to Combat Bots: Pay or Verify

Twitter, now known as X, is conducting a trial in New Zealand and the Philippines to combat bot activity on its platform. The trial, called “Not A Bot,” requires new users to verify their phone number and payment method by either paying to become a verified enterprise account, opting into a premium subscription, or paying […]

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European Central Bank Moves Forward with Development of Digital Euro
  • bob
  • 2023-10-18
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Europe
  • Government Policies and Cryptocurrency Adoption

European Central Bank Moves Forward with Development of Digital Euro

The European Central Bank (ECB) has announced its plans to develop a central bank digital currency (CBDC) for the eurozone. ECB President Christine Lagarde stated on Twitter that they are preparing the currency for the future, although a final decision on issuing a digital euro has not been made yet. The digital euro is designed […]

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Binance Faces Serious Money Laundering Allegations in France
  • bob
  • 2023-10-18
  • Company News
  • Cryptocurrency Exchanges
  • Europe
  • Regulatory Developments

Binance Faces Serious Money Laundering Allegations in France

In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. French prosecutors initiated an investigation into Binance in June 2023, looking into allegations of money laundering and the operation of an unauthorized exchange. The raid occurred just days after Binance France President, David Prinçay, stated […]

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BlackRock Explores Blockchain and Digital Assets, Signaling Shift in Traditional Finance
  • bob
  • 2023-10-18
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • North America

BlackRock Explores Blockchain and Digital Assets, Signaling Shift in Traditional Finance

BlackRock, a major financial firm, is making significant moves in the world of blockchain technology and digital assets, signaling a shift in traditional finance. The company has become the first major player on Wall Street to utilize JPMorgan’s blockchain-based collateral settlement system, a move that promises to make settlement processes more efficient and transparent. In […]

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Rise in Cold Wallet Usage Highlights Security Concerns in Crypto Trading
  • bob
  • 2023-10-18
  • Asia
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Financial Scams and Security

Rise in Cold Wallet Usage Highlights Security Concerns in Crypto Trading

The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]

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US Treasury Sanctions Crypto Operator Linked to Hamas Terrorist Group
  • bob
  • 2023-10-18
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Middle East
  • Regulatory Developments

US Treasury Sanctions Crypto Operator Linked to Hamas Terrorist Group

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a cryptocurrency operator allegedly linked to the terrorist group Hamas. The move comes after Hamas carried out an attack on Israel, resulting in multiple casualties. OFAC added a Gaza-based virtual currency exchange and its operator to […]

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Hamas Exploits Cryptocurrencies to Fund Operations in Israel, Prompting Calls for Crackdown
  • bob
  • 2023-10-18
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • Middle East

Hamas Exploits Cryptocurrencies to Fund Operations in Israel, Prompting Calls for Crackdown

Recent reports have revealed that Hamas, the militant group controlling the Gaza Strip, has been using cryptocurrencies to fund its operations in Israel. This allows them to bypass international sanctions imposed by the West. In response, Israeli authorities have confiscated several wallet addresses believed to be owned by Hamas. The conflict between Israel and Hamas […]

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VALR Partners with Visa to Issue Crypto Customers with Visa Cards
  • bob
  • 2023-10-18
  • Africa
  • Company News
  • Cryptocurrency Exchanges
  • Fintech and Blockchain Startups

VALR Partners with Visa to Issue Crypto Customers with Visa Cards

VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]

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