Vitalik Buterin’s “The Purge” aims to streamline Ethereum by reducing data bloat, simplifying the protocol and addressing technical debt for better efficiency. Source: https://cointelegraph.com/news/vitalik-buterin-ethereum-purge-plan-reduce-blockchain-bloat?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
8 Chinese Firms Exposed in High-Stakes Crypto Laundering Operation
Indictments reveal how eight Chinese firms used cryptocurrency to obscure profits from illegal chemical sales. US Indicts Chinese Firms Using Cryptocurrency in Illicit Trade The U.S. Department of Justice (DOJ) has unsealed indictments against eight China-based chemical companies and employees for their alleged involvement in trafficking fentanyl precursor chemicals and laundering money through cryptocurrency. Filed […] Source: https://news.bitcoin.com/8-chinese-firms-exposed-in-high-stakes-crypto-laundering-operation/
Fake Curve Finance app scams users, tops global finance charts
A fake Curve Finance app has infiltrated Apple’s app store, gaining popularity despite warnings from the community. Source: https://cointelegraph.com/news/fake-curve-finance-app-scams-users-tops-finance-charts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov has clarified that the BRICS alliance is not intended as an anti-Western bloc […] Source: https://news.bitcoin.com/brics-isnt-anti-west-but-wont-tolerate-western-currency-domination-russian-official-says/
Feds Target Businessman in Alleged Web of Secret Crypto Deals
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal Charges Christopher James Scanlon, a Florida-based businessman, faces federal charges for allegedly operating an unlicensed cryptocurrency and fiat currency transmitting business, the U.S. Department of Justice (DOJ) announced. […] Source: https://news.bitcoin.com/feds-target-businessman-in-alleged-web-of-secret-crypto-deals/
Polymarket's vision 'still isn't' to be a political website, says founder
Polymarket founder claims that the platform “is not about politics” as it takes “center stage” in the lead up to the United States presidential election. Source: https://cointelegraph.com/news/polymarket-shayne-coplan-united-states-election-political-website-claims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed Payment System Might Use Digital Assets as Currencies […] Source: https://news.bitcoin.com/brics-payment-system-a-swift-substitute-network-to-implement-digital-assets-and-financial-messages/
Korea to Regulate Crypto Cross-Border Trade Next Year
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in cross-border virtual asset trade register with authorities and submit monthly transaction reports to the Bank of Korea. The move follows significant concerns […] Source: https://news.bitcoin.com/korea-to-regulate-crypto-cross-border-trade-next-year/
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that BRICS partners have shown strong support for Russia’s proposal to develop a BRICS […] Source: https://news.bitcoin.com/brics-backs-russias-push-for-new-global-payment-system-to-counter-western-control/
Bitcoin bulls 'in control' as long as price holds above $66.5K: Analysts
Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500. Source: https://cointelegraph.com/news/bitcoin-bulls-btc-price-key-moving-averages-crypto-analysts-kraken?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound