The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018…
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Binance announced a partnership with Turkey’s major bank, and Changpeng Zhao told the details to Cointelegraph. Major crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2. Binance users from Turkey can now deposit and withdraw directly…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crime news An attacker who assaulted Kyu-hoon "Spunky" Hwang, the famous South Korean crypto YouTuber, has been sentenced to 10 years in jail, reports E Daily. A court in Seoul heard…
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Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8…
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In a blow to adoption, Argentina has placed a 180-day halt on the blockchain-based digital system that lets new companies register in five minutes. The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by…
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In some regions, over 50% of the population are unbanked and the problem is much worse for women, according to a quarterly review by the Bank for International Settlements (BIS), which acts as a central authority for the world’s leading central banks. In a special feature on innovations in payments, included in the review, Morten…
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Cybersecurity Experts weigh in on the most secure phone models and 2FA schemes, warn against biometrics. Speaking at the RSA Conference in San Francisco, cybersecurity experts Aaron Turner and Georgia Weidman discussed two-factor authentication and biometrics as means to securing one’s phone. Although they concur that the two-factor authentication is the way to go, there…
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Data shows that buying the worst-performing cryptos on a daily basis can provide a better risk-adjusted-performance than just buying the best-performing cryptocurrency. This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new…
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The bulls have succeeded in defending the 200-day SMA in most major cryptocurrencies. This is likely to result in a sharp relief rally in the next few days. After the rout last week, most asset classes have started the week with a rebound. The total crypto market capitalization has bounced from the recent lows of…
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After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) —…
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