By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions. Source: https://cointelegraph.com/news/hong-kong-enhance-digital-asset-regulation-18-months?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
This Week on Crypto Twitter: Bitcoin Battered as Trump-Themed Tokens Dump
Illustration by Mitchell Preffer for Decrypt Crypto Twitter scrambled at the start of the week as dire global economic numbers flooded the crypto market with a sea of red. Coming out of the weekend, renowned Bitcoin hater Peter Schiff said to brace for a “Crypto black Monday.” #Bitcoin just sank below $58K. If it takes out it’s July low by…
Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa
Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust in Digital Financial Solutions Stablecoin issuer Tether Holdings Ltd. partnered with Xion Global to […] Source: https://news.bitcoin.com/tether-partners-with-crypto-firm-to-boost-blockchain-education-in-south-africa/
Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal
The case of Alexey Pertsev is more than just a legal battle; it is a pivotal moment for the crypto community and advocates of digital privacy. Source: https://cointelegraph.com/news/alexey-pertsev-seeks-funding-legal-appeal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network
Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled out by Lightning Labs, seeks to bring all the benefits of LN to […] Source: https://news.bitcoin.com/speed-launches-usdt-l-tethers-first-iteration-on-top-of-bitcoins-lightning-network/
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated in overstating the company’s financial performance and failing to disclose […] Source: https://news.bitcoin.com/sec-cracks-down-on-ideanomics-for-fraud-in-misleading-crypto-and-revenue-disclosures/
African Union greenlights AI adoption across member states
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals. Source: https://cointelegraph.com/news/african-union-approves-ai-adoption?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BitGo to transition Wrapped Bitcoin business to multi-jurisdictional custody
BitGo claims the move of its Wrapped Bitcoin business will make it the world’s first “multi-jurisdictional and multi-institutional custody.” Source: https://cointelegraph.com/news/bitgo-wrapped-bitcoin-custody-multi-jurisdictions-institutions-tron-united-states?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status
A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit […] Source: https://news.bitcoin.com/nigerian-files-lawsuit-to-overturn-crypto-ban-seeks-btc-commodity-status/
Connecticut Police Recover $63,500 in Cryptocurrency Scam
Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a Cheshire resident, involved the loss of over $68,000 in cryptocurrency through a fraudulent scheme offering new tokens. Utilizing blockchain […] Source: https://news.bitcoin.com/connecticut-police-recover-63500-in-cryptocurrency-scam/