Category: cryptocurrencies

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Report: Ethiopia-Based Crypto Service Providers Told to Register With the Country’s Cybersecurity Agency

August 28, 2022

Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail to comply with its registration call. INSA Tasked With Developing Operating Procedures The…
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Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

August 28, 2022

The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to…
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Latvian Extradited to US for Wire Fraud Involving Crypto Investments

August 28, 2022

A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins,…
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Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones

August 28, 2022

On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased in 13 Days Digital currency markets this…
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Ethereum dev addresses node centralization concerns in runup to the Merge

August 27, 2022

A majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services, which experts believe could become a central point of failure. Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition, officially dubbed the Merge,…
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Singapore MAS examines crypto firms ahead of new regulations: Report

August 27, 2022

The MAS reportedly asked crypto firms about their owned tokens, top lending and borrowing counterparties, loans and top tokens staked via DeFi. The Monetary Authority of Singapore (MAS) has started taking measures to prepare for new cryptocurrency regulations addressing the ongoing liquidity crisis and withdrawal issues. Singapore’s central bank has sent detailed questionnaires to some…
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What is a seed phrase and why is it important?

August 27, 2022

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up. How to keep your seed phrase safe A crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following…
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Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined

August 27, 2022

Majority of the DeFi tokens in the top-100 had a mixed week as several tokens traded in red while a few others managed to make double-digit gains. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past…
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Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils

August 27, 2022

Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the authority is trying to get a clearer idea of their financial state, knowledgeable sources…
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Millions of dollars in ETH lie unclaimed in presale wallets — but there’s a way to get them back

August 27, 2022

Did you know that over 500 Ethereum presale wallets are yet to be recovered… and collectively, they have a value of several billion dollars? Out in the cryptosphere, there’s a vast amount of wealth that’s seemingly out of reach. A long-running statistic suggests four million Bitcoin — almost 20% of the total supply — has…
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