In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams. These schemes are designed to exploit the trust and vulnerability of individuals, aiming to trick them into revealing their sensitive information or even parting with their…
Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture. A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric blockchain architecture. The technology is touted to enable the development of completely decentralized applications (DApps) and services, ranging from…
Officials in China have issued a warning about the risks posed by the rapid advancement in artificial intelligence (AI) development and subsequently called for tighter measures on national security. The remarks come from a meeting on Tuesday in which Chinese President Xi Jinping, and other prominent members of the communist party, stressed the country’s ambitions to take the lead in…
Under the new rules from the Central Bank of the UAE (CBUAE), the licensed financial institutions (LFIs) would be required to identify and verify the identities of all customers. The update will come into effect “within a month,” that is, by the end of June. On May 31, CBUAE published a guidance for LFIs on risks, “related to virtual assets…
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.” Source: https://cointelegraph.com/public/index.php/news/hong-kong-uae-central-banks-collab-crypto-rules
Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years. Source: https://cointelegraph.com/public/index.php/news/el-salvador-bitcoin-maxi-economic-advisor
Roger Ver says that Ethereum, not Bitcoin, will lead the most new users to crypto. Source: https://cointelegraph.com/public/index.php/news/roger-ver-ethereum-catalyst-for-crypto-adoption
The United States Securities and Exchange Commission (SEC) is going after crypto influencers who have promoted scam projects and are often found manipulating the prices of certain tokens based on their tweet. Former SEC Chief John Reed Stark took to Twitter to warn such crypto influencers to be ready to face persecution. Attention all crypto promoters who use social media…
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report, Trust Reserve employees have been…
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make…
