USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets. The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues. Cryptocurrency analytics firm Glassnode has released the latest data…
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New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions. Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes. …
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South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines. The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a gift tax under the Inheritance and Gift…
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The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted addresses would not be able to transact or operate in the…
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An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto farm.
Altai Resident Apprehended for Running Underground Crypto Mining Operation
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A set of hackers managed to impersonate Binance chief communications officer (CCO) Patrick Hillmann in a series of video calls with several representatives of cryptocurrency projects. The attackers used what Hillman described as an AI Hologram, a deepfake of his image for this objective, and managed to fool some representatives of these projects, making them…
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Creditors of the troubled crypto lender Voyager Digital have objected to the company’s motion to pay employees “retention awards,” saying that it should instead lower “headcount” to decrease costs. The Official Committee of Unsecured Creditors, a group of Voyager customers, said in a recent legal filing that,… Read More: Voyager’s Creditors Say ‘No’ to the…
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Brazilian law enforcement agencies have swooped on the home of a local government chief they suspect of heading a crime ring that laundered money using cryptoassets – along with a controversial figure named “the Bitcoin Pharaoh.” The raid took place at the home of the Armação de Búzios councilman Lorram Gomes da Silveira, Globo reported,…
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Bitcoin price accelerated lower below the USD 23,200 support. BTC traded below the USD 22,000 support zone and tested USD 21,000. It is currently (04:00 UTC) consolidating losses and facing many hurdles near USD 22,000. Similarly, most major altcoins are back in a bearish zone. ETH dived below the USD 1,750 and USD 1,650 support…
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A 19-part thread outlines the sophisticated strategies scammers are using to part crypto users from their funds. Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter. The analyst, who has 253,400 followers on Twitter, is the founder of artificial intelligence and community-powered crypto…
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