Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts. Source: https://cointelegraph.com/news/bitcoin-adoption-national-economies-currency?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […] Source: https://news.bitcoin.com/wazirx-granted-4-month-moratorium-will-make-wallet-addresses-public/
Bitcoin core dev receives grant for maintaining BIP repository
Developer Jon Atack believes that Bitcoin plays a role in human freedom, decentralization of power, privacy and self-sovereignty. Source: https://cointelegraph.com/news/bitcoin-core-dev-grant-bip-repository-maintenance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hamster Kombat token price plunges on exchange debut
Amid Hamster Kombat officially listing on exchanges like Binance and HashKey, the HMSTR token has been plummeting. Source: https://cointelegraph.com/news/hamster-kombat-token-price-plunges-exchange-debut?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korea Reminds Crypto Scammers of Possible Life Sentence If Loses Exceed $4 Million
South Korea’s financial regulator has warned it intends to enforce life sentences as punishment for crypto scams where the perpetrator makes over $4 million (5 billion Won). The news comes after the Virtual Asset Users Protection Act was enacted in July 2024 in the East Asian country, laying down a strict basket of measures to prevent crypto crime. Lawmakers said…
Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry. Source: https://cointelegraph.com/news/crypto-hacks-scams-drop-40-percent-q3-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Check Point Discovers Mobile Crypto Drainer App on Google Play Store: $70K Stolen From 10,000 Users
Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users directly on their mobile devices. Over five months, it achieved more than 10,000 downloads and stole around $70,000 […] Source: https://news.bitcoin.com/check-point-discovers-mobile-crypto-drainer-app-on-google-play-store-70k-stolen-from-10000-users/
Avalanche to reward devs building layer-1 chains with $40M grant
An Avalanche spokesperson told Cointelegraph that the grant program will reward developers who create layer-1 chains and critical tools on the Avalanche9000 testnet. Source: https://cointelegraph.com/news/avalanche-40m-grant-layer-1-chain-developers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Price Faces Consolidation While Altcoins See Resurgence
Even as Bitcoin continues to grapple with the key level of $64,000, experts are pointing to Ethereum’s outperformance of Bitcoin since the Federal Reserve’s 50 basis point rate cut as a possible indicator of shifting market dynamics. Despite the minor pullbacks, institutional interest in both assets persists. Bitcoin spot ETFs reported a net inflow of $106 million on September 25,…
South Korea fines Worldcoin for violating personal protection laws
Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26. Source: https://cointelegraph.com/news/south-korea-fines-worldcoin-personal-data-violations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound