Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces. Russians’ Demand for Cold Storage Wallets Cools Down After Spike This Spring Retailers selling hardware…
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Meltem Demirors, the chief strategy officer at publicly traded digital asset manager CoinShares, has called for the cryptocurrency industry to put its house in order and embrace regulations. Speaking on the Chain Reaction podcast, she opined that the infighting by crypto market participants, especially between people who self-identify as “Bitcoin maximalists” and others that are staunch…
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The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation needed to regulate it.
Pressed…
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The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that are allegedly associated with the Iranian ransomware gang. Iran Adds 7 New Bitcoin Addresses to…
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Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months. Russian Government…
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Are your coins at risk of being seized by an exchange in the future? Here are some factors to consider related to using centralized exchanges. Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the…
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As the Ethereum Merge nears, there has been increased interest in the second-largest cryptocurrency by market cap. Ether has been outperforming Bitcoin over the past week as news of the Merge triggers bulls that have been liquidating short positions – the Ethereum futures market has been increasingly active as investors hedge against the risk of…
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On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases” and to develop a “secure, multi-purpose open source engine” that anyone can use to…
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A lot has been written about the cryptocurrency industry and the current drop in coin prices. Even as the market struggles to break out of its current bearish trend, crypto experts recognise that several assets still offer opportunities to profit. Finding high-value coins on sale that could skyrocket once they reach the limelight is one…
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The ongoing bear market in the cryptocurrency market that started earlier this year has led to many companies suffering immense losses. One of the recent firms to announce losses because of the bear market is Algorand, which has reported a loss of $35 million following the Hodlnaut debacle…. Read More: Algorand Admits it has Lost…
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