Bitcoin whales: Crypto criminals are now among the biggest holders of cryptocurrencies, says report

crypto crime

Crypto whales are investors holding $1 million or more in cryptocurrency. Overall, 4,068 criminal whales holding over $25 billion worth of cryptocurrencywere identified. Crypto criminals or criminal entities and individuals holding cryptocurrencies are now among the biggest crypto holders globally. In fact, these crypto criminals accounted for 3.7 per cent of all crypto whales in … Read more

Bitcoin paradise? Briton creates ‘crypto utopia’ in South Pacific | Cryptocurrencies

For the past 12 years Anthony Welch and his partner Theresa have been living a Robinson Crusoe life alone on a South Pacific island mostly untouched by humanity.Welch, a retired British property investor, hopes the tranquility will soon be shattered by 21,000 cryptocurrency investors he is trying to convince to move to his island and … Read more

Dangerous game? Football clubs look to mine fans’ cash with crypto offerings | Cryptocurrencies

When FC Barcelona took to the pitch for the 2021 Spanish Super Cup final, the trophy wasn’t the only prize at stake.Thousands of blaugrana fans were also keeping an eye on the market for FCB’s “fan token”, the club’s very own cryptocurrency. Socios, the web-based platform that pioneered fan tokens, had promised to “burn” 20,000 … Read more

budget: Budget 2022: Crypto startups and exchanges seek clarity on taxing, buying and selling cryptocurrencies

budget: Budget 2022: Crypto startups and exchanges seek clarity on taxing, buying and selling cryptocurrencies

NEW DELHI: The cryptocurrency bill may not be introduced in the Budget session of Parliament as the Centre needs more time to build consensus on the regulatory framework for these digital assets in India. The government is reportedly also waiting for the Reserve Bank of India to first conduct a pilot launch of its own … Read more

Russia proposes ban on use and mining of cryptocurrencies

Russia proposes ban on use and mining of cryptocurrencies

Russian c.bank proposes ban on cryptocurrency useRegulator warns of risks to financial stabilityAnalysts say wider impact negligible for nowBan on cryptocurrency exchanges also proposedMOSCOW, Jan 20 (Reuters) – Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy … Read more

Cryptoland runs aground as $12m bid to buy Fiji island for resort falls through | Cryptocurrencies

Widely mocked plans to establish a tropical haven for cryptocurrency enthusiasts have run into trouble after a contract to buy an island in Fiji for US$12m fell through.A group of crypto-evangelists, led by Max Olivier and Helena Lopez, outlined plans for the island, Nananu-i-cake, in a lavishly animated YouTube video, featuring a wide-eyed crypto bro … Read more

Cryptocurrency ads reach record levels on London transport | Cryptocurrencies

Cryptocurrency firms bombarded Londoners with a record number of adverts on public transport during 2021, fuelling calls for a ban to prevent people being lured into risky investments.The surge in adverts for crypto assets, which are unregulated in the UK, has prompted concerns about the risk of addiction and financial harm, particularly given the wild … Read more

Crypto Sector Could Suffer in Pakistan as Its Central Bank Looks to Ban Cryptocurrencies: Report

Crypto Sector Could Suffer in Pakistan as Its Central Bank Looks to Ban Cryptocurrencies: Report

After El Salvador made Bitcoin a legal tender in September last year, the crypto culture witnessed expansion in several parts of the world. However, the crypto sector could likely encounter obstacles in Pakistan. The central bank of Pakistan is reportedly considering a ban on all cryptocurrencies from operating in the country. As per Chainalysis’ Global … Read more

crypto | NFTs | cryptocurrencies: Crypto exchanges bet on NFTs amid regulatory concerns

crypto | NFTs | cryptocurrencies: Crypto exchanges bet on NFTs amid regulatory concerns

Mumbai: Indian cryptocurrency exchanges seem to have taken a shine to Non-Fungible Tokens (NFTs). At least half a dozen crypto platforms are foraying into the NFT space, assuming that it would not be outlawed as NFTs hold an underlying asset that is traded in digital form. In fact, cryptocurrency exchanges that offer NFTs have grown … Read more

Price Drops Riddle Crypto Charts as Bitcoin, Ether Join Majority Cryptocurrencies in Loss Club

Price Drops Riddle Crypto Charts as Bitcoin, Ether Join Majority Cryptocurrencies in Loss Club

Entering into the third week of December, the crypto price charts failed to register ay major recovery in terms of price. Bitcoin stepped into Monday, December 20 trading at $49,291 (roughly Rs. 37.5 lakh), showing a loss of 2.05 percent on Indian exchange CoinSwitch Kuber. At this time, the price of Bitcoin is even lower … Read more

A ‘false solution’? How crypto mining became the oil industry’s new hope | Cryptocurrencies

In January of 2019, Chase Lochmiller and Cully Cavness, recently reunited prep school pals from Denver, drove out to the snow-covered plains of Wyoming to bring a piece of tech culture to the American heartland. Trembling in -20F (-29C) temperatures, they wired up a prototype of their brainchild: a machine that harnesses the “waste gas” … Read more

Singapore suspends crypto exchange over row with K-pop band BTS | Cryptocurrencies

Singapore’s financial regulator has reportedly suspended Bitget, a crypto exchange that is mired in a row involving South Korea’s biggest boyband, BTS.Bitget has removed the Monetary Authority of Singapore’s logo from its website, the Guardian confirmed. The platform still claims to have licences from Australia, Canada and the United States, according to its website.According to … Read more

Cryptocurrencies: Crypto world claims digital currency is panacea but truth somewhere in between: CEA KV Subramanian

Cryptocurrencies: Crypto world claims digital currency is panacea but truth somewhere in between: CEA KV Subramanian

NEW DELHI: Chief Economic Adviser (CEA) KV Subramanian says a distinction needs to be made between crypto as an asset and crypto as a currency. Across time, only currencies issued by sovereigns have got legitimacy. What provides currency a credence is the fact that it is backed by a sovereign, he said in an interview … Read more

Crypto Prices Crash After Centre Plans Bill To Bar Private Cryptocurrencies

NDTV News

All crypto prices crashed by 15 per cent and more, hours after the government announced that it will introduce the cryptocurrency bill in the Parliament’s winter session, which seeks to prohibit all private cryptocurrencies in the country, with a few exceptions.Also, the government will introduce the Banking Laws (Amendment) Bill 2021 – which aims to privatise two public … Read more

cryptocurrencies: Banks informing customers about crypto pitfalls

cryptocurrencies: Banks informing customers about crypto pitfalls

Top private banks are reaching out to customers who invest in cryptocurrencies and informing them about the risks associated with the asset class, even as the government is working on legislation to regulate digital currencies. In the past two-three weeks, HDFC Bank, Axis and ICICI Bank have sent emails highlighting the risks to customers who … Read more

cryptocurrencies: Coin worth $0.00004893 highlights crypto’s wild decimal frontier

cryptocurrencies: Coin worth $0.00004893 highlights crypto’s wild decimal frontier

When it comes to decimal places, cryptocurrencies are treading into bizarre territory that other markets have never dared — or bothered, really — to go before. Shiba Inu cost just $0.00004893 or so each on Friday afternoon, while Dogecoin fetched less than 1 cent early this year. A Bitcoin can be sliced into a satoshi, … Read more

Cryptographers fight to keep ‘crypto’ prefix: ‘We all have hills we are willing to die on’ | Cryptocurrencies

The stadium that is home to the Los Angeles Lakers is getting a new name: the Crypto.com Arena. The name reflects the arena’s new sponsorship agreement with a Singapore-based cryptocurrency trading platform. That may be good news for cryptocurrency fanatics – but perhaps not so much for another faction within the digital landscape: cryptographers.Look up … Read more

Crypto.com coin in top 20 cryptocurrencies after Staples Center deal

Crypto.com coin in top 20 cryptocurrencies after Staples Center deal

Crypto.com, a cryptocurrency trading platform, secured a 20-year contract deal worth $700 million with the Anschutz Entertainment Group (AEG) to buy the naming rights to the Staples Center in Los Angeles, home to the Los Angeles Lakers.The name change will take effect on Christmas Day, when the Lakers host the Brooklyn Nets.After the deal was … Read more

crypto | Cryptocurrencies | Nischal Shetty: Meme tokens are probably the most speculative bets right now: Nischal Shetty

crypto | Cryptocurrencies | Nischal Shetty: Meme tokens are probably the most speculative bets right now: Nischal Shetty

“I wholeheartedly welcome all the criticism as well as the good things because that is how we will build the right regulation in India, says Nischal Shetty,” Founder & CEO, WazirX. Cryptos are at all time highs and very volatile. At this juncture, if anyone owns a piece of the action, should one HODL (hold … Read more

cryptocurrencies: New York Mayor-elect Eric Adams envisions crypto paychecks for all

cryptocurrencies: New York Mayor-elect Eric Adams envisions crypto paychecks for all

New York City Mayor-elect Eric Adams said he wants to explore ways that might allow New Yorkers to be paid directly in Bitcoin and other cryptocurrencies, as he seeks to turn the city into a hub for innovation. Speaking to reporters in Puerto Rico, where he is attending the Somos Puerto Rico Conference, an annual … Read more

Love them or hate them: Cryptocurrencies are here to stay | Crypto News

Love them or hate them: Cryptocurrencies are here to stay | Crypto News

Bitcoin has come a long way since someone or a group of someones under the name Satoshi Nakamoto wrote a paper in 2008 about how to harness computing power around the world to create a digital currency that can’t be double-spent.Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the … Read more

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