Bitcoin

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider

May 6th, 2022

Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance Becomes a Fully Regulated Crypto Exchange in France Crypto exchange Binance announced…

Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving

May 6th, 2022

On May 5, 2022, at a block height of 735,000, the bitcoin mining pool Poolin mined the 105,000th block reward since the last halving. The mined block also represents the halfway point to the next halving that is estimated to take place on or around April 27, 2024. Block 735,000 follows the network issuing over…

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

May 5th, 2022

Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and…

Two South Koreans Paid in Bitcoin to Spy for North Korea

May 4th, 2022

South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea’s Joint Command and…

Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

April 28th, 2022

Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital…

National Assembly of Panama Advances Discussion of Cryptocurrency Law Project

April 27th, 2022

The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate cryptocurrency activity to give more clarity to the sector in the country. The proposal, which was approved in the first discussion, was composed of two different projects presented to the economic affairs committee of the Assembly. Panama Moves to Regulate…

Kraken Becomes First Global Crypto Exchange Fully Licensed by Abu Dhabi Global Market

April 27th, 2022

Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency,” the regulator explained. Kraken Establishes Middle East…

Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being

April 26th, 2022

Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group seized control, the value of crypto transactions per week has in some cases doubled, a Bloomberg report has said. Demand for Digital Currencies Surges Demand…

Skybridge Capital: We Are ‘Extremely Bullish’ on Crypto

April 25th, 2022

Skybridge Capital, a $3.5 billion asset management firm, is “extremely bullish” on the crypto sector, says an executive of the firm. “For us, we think the cryptocurrency markets represent tremendous growth.” ‘The Cryptocurrency Markets Represent Tremendous Growth’ Two executives of Skybridge Capital — founder Anthony Scaramucci and director John Darsie — talked about the firm’s…

Tesla Hodls Bitcoin: Balance Sheet Shows $1.26B in Digital Assets

April 22nd, 2022

Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk’s electric…