South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
In a major setback for South Africa, the international financial watchdog, the Financial Action Task Force (FATF), announced on Feb. 24 that it had added the country to its “grey list.” The grey list is a group of countries that are “committed to resolving swiftly the identified strategic deficiencies within agreed timeframes.” The inclusion of […]
Cardano (ADA) Founder Provides Update on Coindesk Acquisition Talks
Charles Hoskinson, the founder of Cardano (ADA), recently provided an update on talks surrounding the potential acquisition of Coindesk, the largest cryptocurrency news website. During his most recent ask-me-anything (AMA) session on YouTube, Hoskinson said that he had signed a non-disclosure agreement (NDA) and could not reveal details about where the discussions stand as of […]
IMF Released a Board Paper With a Framework for Crypto Assets
The International Monetary Fund (IMF) recently released a board paper that provides guidance to IMF member countries on major elements of an appropriate policy response to crypto assets. This paper, titled Elements of Effective Policies for Crypto Assets, was discussed by the Executive Board of the IMF on February 8th, 2023. The paper was written […]
FTX Japan Sees Users Transfer $50m in Funds to Liquid Global
FTX, a cryptocurrency trading platform, has seen thousands of users at its Japanese sister company, Liquid Global, withdraw funds since Tuesday. On Wednesday, the subsidiary firm announced that its crypto holders and investors withdrew nearly 6.6 billion Japanese Yen, or $50 million USD. The withdrawal was composed of both fiat and crypto tokens, with 7,026 […]
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
The Financial Action Task Force (FATF), an intergovernmental organization established to combat money laundering and the financing of terrorism, announced on Friday the outcome of its plenary which took place on Feb. 22-24. “Delegates from over 200 jurisdictions of the Global Network participated” in a number of discussions at its headquarters in Paris, the FATF […]
Missouri Citizen Sentenced to 5 Years of Probation After Shooting a Bitcoin ATM: Report
Matthew Klinger, a 51-year-old resident of Jefferson City, Missouri, recently avoided a prison sentence after admitting to shooting a bitcoin ATM with a handgun. Although it remains unclear whether the machine had any faults, Klinger stated that he did it “so that it could not take money from anyone else.” In August of last year, […]
100 split turned highly rewarding
The price of BinaryX (BNX) token is currently trading with bullish cues, and the bulls are trying to maintain higher levels. At the time of writing, BNX/USDT is trading at $175.327 with intraday gains of 2.93% and the 24-hour volume to market cap ratio at 0.0233. BinaryX, an IGO platform, has recently made the announcement […]
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
Bitcoin’s mining difficulty has reached an all-time high (ATH) on February 24, 2023, at block height #778,176, surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 days. This makes it […]
Will Full Blocks Destroy Bitcoin? Saylor Argues with Digital Scarcity
The question of whether full blocks can destroy the Bitcoin network has been a hot topic of discussion among crypto enthusiasts and experts alike. Michael Saylor, the chairman of MicroStrategy Inc., recently weighed in on the matter, arguing that Bitcoin ensures digital scarcity by holding asset supply and transaction bandwidth constant over time. He further […]
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
Non-fungible tokens (NFTs) have been gaining traction in the digital art world, with the latest example of Whale Jeffrey Hwang — also known as Machi Big Brother — making headlines. According to data from Nansen, Machi has dumped 1,010 tokens for a total of 11,680 Ether (ETH) or $18.6 million in the space of 48 […]