Category: Cryptocurrency

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Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments

May 14, 2024

Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures Aimed at Curbing Rising Power Outage Cases Authorities in Russia have signaled their intention to pursue private…
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Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’

May 14, 2024

Tether CEO Paolo Ardoino has responded to remarks made by Ripple CEO Brad Garlinghouse, branding him as an “uninformed CEO” and accusing him of fostering uncertainty about stablecoin USDT amid a U.S. Securities and Exchange Commission (SEC) investigation into his company. In reply, Garlinghouse clarified that his comments were not an attack on Tether but…
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Binance Kazakhstan Secures ISO Certifications for Security and Privacy

May 14, 2024

Binance Kazakhstan has been awarded the ISO 27001 and ISO 27701 certifications, marking significant recognition for its robust information security and privacy management systems. These certifications, issued by the British Standards Institution after a thorough audit, affirm Binance’s compliance with the highest industry standards. The achievement emphasizes the platform’s dedication to maintaining a secure and…
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Latam Powerhouse Crypto Exchange Bitso Launches Web3 Wallet

May 14, 2024

Bitso, the Mexico-based, Latam-focused cryptocurrency exchange, recently launched its own Web3 wallet, targeting the decentralized finance (defi) ecosystem. The idea behind this new product is to ease the onboarding of Bitso’s customers into this landscape, allowing them to dabble in non-fungible tokens (NFTs), decentralized exchange, and other services from a trustable platform. Bitso Launches Web3…
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Coinbase Faces System Wide Outage, Affirms Funds Are Safe

May 14, 2024

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, reported a system-wide outage in its services, affecting customers’ crypto operations. On its status site, Coinbase stated that it was aware that “some users may experience failures when sending crypto or withdrawing fiat,” and declared it was working to fix this issue. Later, the exchange recognized experiencing…
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Aptos Posts Triple-Digit Gains In Key Metrics, Yet APT Price Struggles At $8.40

May 14, 2024

According to a report by Messari, Layer 1 (L1) blockchain Aptos experienced substantial gains in key metrics during the first quarter (Q1) of the year. The growth was driven by the surge in Bitcoin prices to new record highs and increased capital inflow in the market.  However, Aptos’ native token, APT, has struggled with price…
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Lightspark CEO David Marcus: Lightning Network Will Become the World’s ‘Interoperability Neutral Settlement Layer’

May 13, 2024

David Marcus, CEO of Lightspark, a company that offers lightning network (LN) related services, has stated that LN will become the “interoperability neutral settlement layer” for the world. Marcus declared that only Bitcoin is “neutral enough” to be implemented as the enabler between national payment systems, granting companies and institutions adopting it an edge for…
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Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt

May 13, 2024

The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether. Crypto Exchange Yet to Confirm Attack According to online…
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Steven Nerayoff Calls out Joseph Lubin for Damaging Crypto Market

May 13, 2024

Steven Nerayoff, a former adviser to the Ethereum network, has publicly denounced Joseph Lubin, co-founder of the Ethereum Project and the founder of Consensys, and other “bad actors” for their detrimental actions in the cryptocurrency market. In a tweet, Nerayoff clarifies that his dispute is not with Ethereum as a whole, but specifically with Lubin…
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Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

May 13, 2024

President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks.…
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