The Ministry of Culture and Information of Kazakhstan has officially confirmed they have blocked the Coinbase website in the country. The authorities of Kazakhstan have been blocking local IPs’ access to Coinbase since September at least. According to a Nov. 7 report from a local news outlet, Kursiv, access to the Coinbase website was blocked by an order of the…
Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams. According to the security firm’s analysis, the drop can be attributed to various factors,…
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.” On Oct. 31, the…
Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3. Executives from OpenPayd, Ramp Network and Damex unpacked the increasing importance of third-party payment rails and banking platforms in conversation with Cointelegraph during the recent…
Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year. The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization is looking to hire a senior cryptography engineer who would…
Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space. Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7. Ordinals taking up Bitcoin mempool again The return of Bitcoin ordinals is making its presence felt this week as on-chain…
Meta, the parent company of Facebook and Instagram, is not allowing political campaigns and advertisers to use its generative artificial intelligence (AI) advertising tools, a company spokesperson said in a Reuters exclusive report. On Nov. 6 Meta updated its help center to reflect the decision. In a note explaining how the tools work, the company said as it tests new…
The Rule of 72 is a time-tested formula in traditional finance, offering a quick way to estimate the doubling time of an investment based on a fixed annual rate of return. Applying this rule to the high-octane world of cryptocurrency investing requires a nuanced understanding, given the inherent market volatility and unique dynamics of this asset class. What Is the…
The Rule of 72 is a time-tested formula in traditional finance, offering a quick way to estimate the doubling time of an investment based on a fixed annual rate of return. Applying this rule to the high-octane world of cryptocurrency investing requires a nuanced understanding, given the inherent market volatility and unique dynamics of this asset class. What Is the…
Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi). Glassnode, on Nov. 6 announced the sale of its crypto-focused tax platform known as Accointing to the European crypto compliance provider Blockpit. The firms declined to disclose the size of the deal to Cointelegraph, only revealing that…
