Bitcoin price attempted an upside break above USD 39,500, but failed. BTC started another decline below the USD 39,000 level and is currently (11:44 UTC) trading near USD 38,700. Similarly, most major altcoins are struggling to climb higher. ETH failed above USD 2,570 and remains at a risk of more downsides. XRP might decline…
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The new ETF’s reserve period started on Monday and runs until March 25, 2022, according to the announcement. Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement. As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s…
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THORChain reveals plans to launch Terra’s UST-like native stablecoin and “Thorfi.” THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside…
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Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021 Has Highest Number of Reported Deals The capital…
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The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection. Gary Cathcart, Head of the financial investigation at the National Crime Agency,…
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The chief of NCA claimed that coin mixing services offer a layer of anonymity and protection to criminals looking to launder and wash their “dirty” funds. The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized…
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A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to Malware running on their computer. An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer. Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to…
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Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days — specifically, Binance has secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received a digital asset exchange license in the…
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Crypto adoption appears to be on the rise in Russia – where lawmakers have suggested the idea of fostering domestic crypto exchanges as an alternative to using international platforms. Per the Russian Parliamentary Gazette, Aleksander Yakubovsky, an MP and part of the crypto working group that is seeking to create a framework of regulations…
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Wasabi Wallet, a privacy-oriented bitcoin-only wallet, has announced it will start introducing censorship methods into its mixing procedures. The announcement was made on social media, where the official account of Wasabi explained that a blacklist will prevent some UTXOs (unspent transaction outputs) from registering to Coinjoins, the method Wasabi and other wallets use to enhance…
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