X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de Moraes, a member of the Supreme Federal Tribunal, would have this legal representative facing jail time […] Source: https://news.bitcoin.com/x-ceases-operations-in-brazil-after-refusing-to-comply-with-censorship-orders/
As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes. Source: https://cointelegraph.com/news/turkey-crypto-license-applications-surge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure […] Source: https://news.bitcoin.com/google-faces-lawsuit-after-5m-in-crypto-stolen-via-play-store-app/
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. Source: https://cointelegraph.com/news/bitcoin-dominance-trading-altcoin-season-benjamin-cowen-crypto-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value […] Source: https://news.bitcoin.com/nfts-enrich-gaming-communities-drive-stronger-engagement-says-gaming-veteran/
Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes required to deposit and exchange fiat for crypto, with users only needing a phone number for this task. Lemon Receives First Fiat-Crypto […] Source: https://news.bitcoin.com/lemon-pioneers-fiat-crypto-interoperability-services-in-peru/
Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Source: https://cointelegraph.com/news/bitcoin-mining-firms-artificial-intelligence-ai-hpc-revenue-boost?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal of narrowing the digital gap. Narrowing the Digital Gap The […] Source: https://news.bitcoin.com/mastercard-and-scale-partner-to-accelerate-fintech-deployment-in-africa/
A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […] Source: https://news.bitcoin.com/indian-authority-arrests-man-in-crypto-extortion-case/
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […] Source: https://news.bitcoin.com/ripple-legal-chief-anticipates-possible-sec-appeal-in-xrp-case-despite-courts-10-reversal-rate/
