US-based IRA Financial Trust, a regulated financial institution that offers self-directed retirement accounts, has been hit with a hack that resulted in the loss of USD 36m in crypto, Bloomberg reported, citing a person familiar with the investigation…. Read More: IRA Financial Trust Hack Reportedly Sees USD 36M in Crypto Stolen From Users Read…
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The price of bitcoin (BTC) has been on the rise since the beginning of the week, with traders now keeping an eye on developments in Ukraine, as well as on the US Federal Reserve’s (Fed) next move to combat high inflation. At 10:26 UTC on Tuesday morning, BTC traded at USD 44,137, up 4.5%…
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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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Plans to include crypto in enhanced surveillance by the Canadian government has the unintended knock-on effect of fuelling “unstoppable money.” Bitcoin (BTC) opted for fresh upside on Feb. 15 as a trip to near $40,000 saw an abrupt change of direction. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI prints classic bull signal Data from…
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The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits. Amid the Russian government continuing working out a regulatory regime for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. Russia’s Ministry of Economic Development has greenlighted the concept of crypto mining…
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The NFT Platform famous for minting Jack Dorsey’s first tweet has halted NFT operations amidst counterfeiting and illicit activity calls. “Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.”…
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The judge ordered pre-trial detention for Ilya Lichtenstein claiming he had the motive and the resources to flee and could become a flight risk. The husband-wife duo accused in the infamous $3.6 billion Bitcoin (BTC) money laundering case had quite a contrasting valentine. A federal judge upheld the decision of a suspended release for wife…
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Analytics firm Glassnode sees several signs that investors are hunkering down for a rough storm as the Fed rate hike in March looms with uncertain outcomes. On-chain data analysis from Glassnode shows that Bitcoin investors are hedging out risks in order to stay protected against Federal Reserve interest rate hikes in March. Glassnode’s The Week…
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Liquidators of Mirror Trading International (MTI) have attacked the claim that declaring the collapsed bitcoin investment platform an unlawful scheme would jeopardize investors’ chances of recovering their funds.
The Unsubstantiated Claim
South African liquidators of Mirror Trading International (MTI) have rejected the claim that declaring the collapsed bitcoin investment platform an unlawful operation…
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The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to…
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