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Australian Government Develops Framework For Cryptocurrency Regulation

Australian Treasurer Jim Chalmers is set to conduct a world-first crypto asset stocktake, the first step towards establishing a framework for cryptocurrency regulation. The upcoming exercise, which the government aims to complete before the end of the year, will help identify how digital assets should be regulated. The government wants to establish a framework for licensing and […]

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks — Finance Bitcoin News

Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged with the market despite its woes. Credit Suisse, Deutsche Bank Invest in Digital Asset […]

Another ‘strong’ crypto bull run may lie ahead, thinks market analyst Filbfilb

Cointelegraph’s Crypto Trading Secrets podcast has released its fifth episode, featuring Filbfilb, a cryptocurrency analyst and trader popular on Crypto Twitter. The crypto space has seen several bull and bear markets since the industry began with the launch of Bitcoin (BTC) in 2009. Each overarching crypto bull and bear market has primarily hinged on the price action […]

FTX Insiders Served Subpoenas Over Fallen Crypto Exchange’s Financial Dealings

FTX bankruptcy proceedings have taken another twist after the company’s insiders were all hit with fresh subpoenas. The bankruptcy court has ordered Sam Bankman-Fried, former Alameda CEO Caroline Ellison, former FTX CTO Gary Wang, and former co-CEO of FTX Digital Markets Nishad Singh to produce a range of documents related to the exchange’s activities. Bankman-Fried’s […]

Ethereum to launch “Zhejiang” public withdrawal testnet on Feb. 1

The “Zhejiang” public withdrawal testnet will then be followed by the Shanghai testnet. This is the first major upgrade since the Merge upgrade.The “Zhejiang” allows tools to test how to collect and display ETH withdrawal information. Ethereum Foundation developer Parithosh Jayanthi has confirmed via a Twitter post that the “Zhejiang” public testnet will be going live […]

Visa’s crypto strategy targets stablecoin settlements

Payment company Visa is seeking to build “muscle memory” around settlements, with plans to allow customers to convert digital assets to fiat currencies on its platform, according to a presentation from the company’s crypto division head at StarkWare Sessions 2023. “We’ve been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and […]

North Korea stole more crypto in 2022 than any other year: UN report

A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year . The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in […]

SEC to up scrutiny of firms offering or giving advice about crypto

Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year. A Feb. 7 statement from the Securities and Exchange Commission’s (SEC) Division of Examinations outlined its priorities for 2023, suggesting brokers and advisers dealing in crypto will need to be extra […]

Do Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) stalled rallies mean the memecoin trend is dead?

The memecoin phenomenon didn’t prove as effective in the last month’s start of year crypto market rally, as the gains of the top cryptocurrencies in this category barely outperformed Bitcoin. The monthly gain of BTC stood at 44.5%, while the top two meme-based coins DOGE and SHIB gained 27% and 40.7%, respectively. Top meme-coins by total market […]

US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase — Regulation Bitcoin News

A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit filed in Manhattan by customers of cryptocurrency exchange Coinbase (Nasdaq: COIN) was […]

Indian Government Introduces New Crypto Tax Penalties — Regulation Bitcoin News

The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed at 30% while TDS stays at 1%. No Crypto Tax Relief in […]

Billionaire Investor Charlie Munger Reiterates US Should Ban Bitcoin

Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett’s right-hand man, reiterated his stance against Bitcoin and the entire crypto industry. This time, the American billionaire investor urged the United States government to ban all cryptocurrencies as they are bound to cause more harm than good. Munger Attacks Again In an opinion published on mainstream […]

Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days — Altcoins Bitcoin News

Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions The Bitgo-backed Wrapped Bitcoin […]

Bitcoin will hit $200K before $70K ‘bear market’ next cycle — Forecast

Bitcoin (BTC) has “well-formed” evidence, which suggests that its next all-time high will top out at $200,000, one analyst says. In a tweet on Jan. 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential bear market bottom. Stochastic indicator offers Bitcoin bulls historical firepower For many, BTC price […]

Crypto Asset Aptos Soars to All-Time High, Increasing 391% in 30 Days — Altcoins Bitcoin News

During the past 30 days, the layer one blockchain asset aptos (APT) has risen 391.8% against the U.S. dollar. In the past seven days, Aptos has increased 123.7% after reaching an all-time high of $19.92 per unit on Jan. 26, 2023. The Role of Decentralized Finance, Infrastructure Support, and NFTs in Aptos’ Recent Surge in […]

Bitcoin Mining Stocks Record Best Month in a Year Amid BTC Price Surge

Crypto mining stocks are soaring as bitcoin price rebounds to a new multi-month high above $21,000 after a prolonged bear market. According to a Tuesday report by Bloomberg, several Bitcoin mining stocks have recorded their best monthly performance in at least a year. Bitcoin Mining Stocks Rebound As per the report, the MVIS Global Digital Assets Mining […]

Peter Thiel’s Fund Cashed Out $1B Worth Crypto After Holding for 8 Years: FT

Peter Thiel has been a long-time Bitcoin backer. But his fund closing almost all its crypto positions shortly before the market went downhill did not sit well with many. According to Fortune’s latest report, Thiel’s VC firm — Founders Fund — cashed out all of its bets on cryptocurrencies and made $1.8 billion in profit while doing […]

Crypto is redefining how charities raise funds

Nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they’ve witnessed “new wealth distribution mechanisms” never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic activity, but with […]

Thailand Issues New Regulations on Custodied Cryptocurrencies — Regulation Bitcoin News

The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clients’ assets,” the regulator described. Thai SEC’s New Crypto Rules Thailand’s Securities and […]

What to expect in crypto ahead of inflation report, as Bitcoin banks eight straight days of gains

Key Takeaways Bitcoin has increased for eight straight days, now up 9.2% on the yearPeriod of low volatility in the crypto markets paired with softer inflation data has sent prices upwardLatest CPI report is out Thursday which will trigger volatility and is vitally important for the market following increased optimism over last month or soAltcoins could move […]

Quantum Computers Still Unable to Crack Bitcoin SHA256 Algo

Bitcoin’s SHA256 encryption algorithm is still safe despite Chinese researchers’ claims of cracking RSA encryption with existing quantum computers. A group of 24 Chinese researchers said they could factor a 48-bit number using a 10-qubit quantum computer. This could be crucial in breaking the RSA encryption algorithm that underpins much of the internet’s communication. Chinese […]

Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally

Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fails to win over skeptical traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp. Almost tying with the peak from […]

World Economic Forum Says Crypto and Blockchain Technologies Will Continue to be an “Integral” Part of Modern Economy

Image Source: WEF The World Economic Forum (WEF) believes the technology underpinning cryptocurrencies and digital assets will continue to be an “integral” part of the modern economy. In a Monday blog post, the international organization talked about what the future holds for the crypto industry. The WEF particularly highlighted the widespread applications of cryptography and blockchain technologies, […]

Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments — Bitcoin News

A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can now buy […]

Is it Too Late to Buy Shiba Inu? Crypto Experts Give Their 2023 SHIB Price Predictions

In recent years, the cryptocurrency space has seen a surge in the development and distribution of so-called “meme coins,” which have often been met with skepticism and accusations of being crypto scams. Despite the critics, these coins have managed to defy expectations by outperforming many large-cap coins and creating obscene wealth for some of their holders (while […]

Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph

On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform. This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and unique approach […]

Celebs who got burned endorsing crypto and those that got away with it

Celebrities had a shaky year promoting crypto firms and projects throughout 2022. Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked on social media for their involvement in the first place. From movie stars to television actors, sports stars to musicians, many celebrities may be regretting their […]

Logan Paul Under Fire for CryptoZoo Scam

Logan Paul’s NFT game ‘CryptoZoo’ is currently embroiled in controversy following a three-part series by investigative YouTuber, Coffeezilla (real name Stephen Findeisen). Since 17 December, Findeisen has uploaded a three-part series on Logan Paul’s scam blockchain game, CryptoZoo. The series dismantles the controversial NFT game and spotlights the many investors who have lost millions in […]

Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse — Regulation Bitcoin News

The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC Warns About Unregulated Crypto Exchanges The Philippine Securities […]

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