Rug Radio creator Mika guides you through the process of selling crypto and transferring it back to your bank account. Source: https://decrypt.co/videos/explainers/6e7AC9Po/mika-shares-how-to-send-and-receive-crypto-using-kraken-wallet
Month: July 2024
Gate.io Suspends New Account Registrations in Japan Amid Regulatory Pressures
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws […] Source: https://news.bitcoin.com/gate-io-suspends-new-account-registrations-in-japan-amid-regulatory-pressures/
Grayscale transfers $1B ETH to Coinbase a day ahead of Ether ETF launch
The transfer occurred a day ahead of the launch of the first spot Ether ETFs in the United States, which are expected to start trading on July 23. Source: https://cointelegraph.com/news/grayscale-transfers-1b-eth-coinbase-ahead-ether-etf-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Telegram Reaches 950 Million Monthly Active Users
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently popular Hamster Kombat. Durov stated that the number of users has […] Source: https://news.bitcoin.com/telegram-reaches-950-million-monthly-active-users/
Marathon Digital fined $138M for non-circumvention agreement breach
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho. Source: https://cointelegraph.com/news/marathon-digital-fined-138m-contract-breach?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Europol anticipates rise in AI-driven cybercrime: IOCTA 2024
Europol’s 2024 report highlights AI tools enabling non-technical individuals to conduct sophisticated cybercrimes. Source: https://cointelegraph.com/news/europol-2024-ai-driven-cybercrime-predictions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin trader warns of local BTC price top after $530M ETF inflow
BTC price “profit taking” has resulted from large ETF inflow days in the past, while both Bitcoin and Ether shrug off the latter’s ETF launch day. Source: https://cointelegraph.com/news/bitcoin-trader-warns-local-btc-price-top-530m-etf-inflow?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance minister, emphasized: “Taking into consideration the chaos we have experienced in the virtual asset market in […] Source: https://news.bitcoin.com/south-koreas-fsc-nominee-says-past-crypto-chaos-calls-for-strong-investor-protection/
Gate.io to Shift Japanese Customers to Compliant Crypto Exchanges as it Exits Market
Centralized crypto exchange Gate.io announced Monday its intentions to withdraw from the Japanese market, hinting at its efforts to comply with domestic regulations. The exchange will cease accepting new account registrations from Japanese residents and begin a phased termination of services for existing users, it said in a statement. “We strive to comply with financial regulations in all regions where…
Mt. Gox sees $3.2B BTC in outflows in just two hours
In a significant development, Mt. Gox has transferred over 47,500 BTC to unknown addresses, significantly reducing its Bitcoin reserves. Source: https://cointelegraph.com/news/mt-gox-3-2b-bitcoin-outflows-july-23?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound