Month: June 2024

Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […] Source: https://news.bitcoin.com/uzbekistans-islamic-authority-retracts-fatwa-against-cryptocurrency-issues-apology/

Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions CBDC Project Mbridge […] Source: https://news.bitcoin.com/cross-border-cbdc-project-mbridge-enters-mvp-stage/

The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer and more effective regulations for the cryptocurrency industry in the U.S., the alliance has gained substantial momentum. […] Source: https://news.bitcoin.com/stand-with-crypto-advocacy-alliance-surpasses-1-million-supporters/

Worldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy regulator finishes its investigation into Worldcoin’s inner workings. Worldcoin to Pause Biometric Data Collection Activities […] Source: https://news.bitcoin.com/worldcoin-agrees-to-temporarily-stop-operations-in-spain/

Three UK nationals are charged with orchestrating a $3 million scam related to the “Evolved Apes” NFT collection, the U.S. Department of Justice said on Thursday. Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan are accused of wire fraud and money laundering in what authorities called a pump-and-dump scheme. The DOJ said the charges stemmed from a 2021 scheme to get…

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Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy […] Source: https://news.bitcoin.com/binance-confirms-mastercard-and-visa-support-for-crypto-purchases-but-no-binance-credit-card-issued/