Category: Cryptocurrency

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Canada Joins Lebanon and Turkey in ‘Bitcoin’s Marketing Team’

  The Deputy Prime Minister and Finance Minister of Canada has claimed that banks in the country could be asked to immediately freeze or suspend the bank accounts of individuals in the country, as the “truck drivers’ protest” over Canadian COVID-19 restrictions continues…. Read More: Canada Joins Lebanon and Turkey in ‘Bitcoin’s Marketing Team’  Read…
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Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country

Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has appointed Emilio Pardo as a new country manager, to debut the start of operations in Colombia in partnership with Banco de Bogota. Bitso Enters…
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Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans

  The Colombian government wants citizens to declare their crypto holdings – but industry figures claim this will just force crypto advocates and their coins onto overseas platforms…. Read More: Critics Hit Back at Colombia’s Retrospective Crypto Tax Plans  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Where do crypto donations go? Here are six charities that have benefited, as told by The Giving Block

“As a smaller organization with a smaller team, we saw how crypto could level the playing field and provide massive fundraising success,” said giving associate Alexa Castellano at Trees for the Future. Charities and donations have been a trending topic in the cryptocurrency realm as of late. And it’s not simply an act of giving.…
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Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021

Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia.…
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Singapore’s DBS Bank to Launch Retail-Focused Crypto Trading Desk in 2022

  The major Singapore-based bank DBS confirmed that it is planning to launch a retail-focused crypto trading desk in 2022, after last year doing the same for accredited investors and corporate customers. The plans include an online portal that allows clients to place orders for various digital assets, similar to how other crypto exchanges work,…
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No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan

Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning…
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Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments

Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed. Russian Central Bank, Finance Ministry Agree to…
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Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover

Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior Ministry of Russia Hits Stolen Credit Cards Market The Ministry of…
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Bank of Zambia Expects to Complete CBDC Study in Q4

The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narrowing the Financial Exclusion Gap The Zambian central bank has said it expects to complete a research study that…
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