Russian crypto exchange transactions amounted to almost $52 billion in 2023, the nation’s Central Bank has revealed. The bank says over $51.67 billion worth of Bitcoin (BTC) and Ethereum (ETH) transactions it monitored on “large crypto exchanges” was “potentially” traceable to Russian citizens. However, by the Central Bank’s own admission, most Russians do not even…
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Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital culture recognition, Nexo, alongside more than 35 cryptocurrency organizations, has launched a campaign aimed at securing a…
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Deribit, the world’s largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA). While the license encompasses both spot and derivatives trading activities, it is currently not operational. Deribit must fulfill all outstanding requirements and VARA’s specific localization criteria…
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Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) founded by Marc Andreessen and Ben Horowitz is investing $30 million in gaming startups in the next 45 days. Andrew Chen is a general partner for a16z Games took to the social media platform X to share the funding announcement. Chen said the firm will invest the $30…
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Crypto.com is expanding its global presence by launching its app in South Korea, slated for April 29. Following regulatory approvals, Crypto.com officially announced that its app will launch in South Korea, granting retail customers access to trade over 150 cryptocurrencies and explore exclusive non-fungible token (NFT) projects. https://t.co/vCNztATkNg App is going live in South Korea…
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A Taiwanese blockchain tech firm is teaming up with journalists to fact-check the upcoming election in India in a battle against digital deception. Numbers Protocol says it employed the same approach during the 2020 US presidential election and the Jan. 2024 Taiwan presidential elections. In the lead-up to the Indian general election starting April 19,…
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Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC trade. Per Maeil Kyungjae, police say a “gang” lured a “victim” into a street in the Yeoksam Neighborhood. Officers said the gang told the “victim” and associates they would sell USDT tokens…
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South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10. The country will go to the polls in just over a week to elect members of the National Assembly. The parliament is currently dominated by the Democratic Party. But President Yoon Seok-yeol’s People’s Power Party…
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Binance executive Nadeem Anjarwalla absconded from Nigerian custody in February after his arrest. At the time, he was detained along with American colleague Tigran Gambaryan on accusations of misconduct related to the exchange. In a Sunday interview with a local media outlet, a retired Nigerian official characterized Anjarwalla’s escape as “embarrassing.” He further deemed the…
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Permissionless lending and margin trading protocol OpenLeverage has reportedly fallen victim to multiple hacks draining $230K worth assets. The hacks were flagged by blockchain security Cyvers Alerts on X (Twitter). Per the post, the losses incurred is around $230,000 worth crypto and the attacker’s wallet was funded by Tornado Cash. “Our system has detected the…
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