Tech

15 January

Italy’s Banking Giant Takes the Crypto Leap: First Direct Investment Unveiled

In a groundbreaking move, Italy’s largest banking group has announced its first direct investment in cryptocurrencies. The decision marks a significant shift in the financial institution’s approach to digital assets, signaling growing mainstream acceptance of crypto within Europe’s traditional banking sector. A Historic First The unnamed banking group, a cornerstone of Italy’s financial landscape, has historically maintained a cautious stance …

15 January

Russian Diamond Miner Imprisoned for Allegedly Funding Ukrainian Army with Crypto

In a case that has drawn international attention, a Russian diamond miner has been sentenced to prison for allegedly transferring cryptocurrency to support the Ukrainian military. The incident highlights the growing role of digital currencies in geopolitical conflicts and raises questions about cross-border financial surveillance. The Allegations The miner, whose identity has not been disclosed by Russian authorities, was accused …

15 January

Deribit Eyes Expansion: Taps Fintech Advisors for Acquisition Hunt

Leading cryptocurrency derivatives exchange Deribit has reportedly engaged Financial Technology Partners (FT Partners) to explore potential acquisition opportunities. This move signals Deribit’s ambitions to expand its footprint in the highly competitive crypto market and enhance its offerings through strategic partnerships or acquisitions. A Bold Step Towards Growth Deribit, renowned for its dominance in crypto options trading, is seeking to leverage …

14 January

NY AG Seeks Justice: Legal Action to Recover $2M in Job Seeker Crypto Scam

The New York Attorney General (NY AG) has initiated legal proceedings aimed at recovering $2 million defrauded from job seekers in a sophisticated crypto scam. The scam targeted individuals looking for employment, promising high-paying job opportunities in exchange for cryptocurrency payments. With the case now in court, the NY AG is working to hold the perpetrators accountable and help the …

14 January

Nollars Network Token Now Live on AscendEX as Presale Gains Traction

Nollars Network Token (NLRS), a new digital asset aimed at revolutionizing decentralized finance, has officially been listed on the AscendEX exchange. The listing comes at a time when the token’s presale is gaining significant traction, with increasing interest from both investors and the crypto community. This milestone marks a crucial step for the growing project, positioning it to make a …

14 January

Indian Crypto Exchange Mudrex in Hot Water After Suspending Withdrawals

Mudrex, a popular Indian cryptocurrency exchange, has found itself in hot water after announcing the suspension of crypto withdrawals on its platform. The decision has sparked outrage among users, leading to a wave of criticism and raising concerns about the platform’s reliability and transparency. What Happened? Mudrex, which had gained significant traction in India’s fast-growing crypto market, shocked its users …

14 January

JPMorgan CEO Jamie Dimon: Bitcoin is the ‘Smoking’ of the Digital Age

JPMorgan CEO Jamie Dimon has once again shared his critical stance on Bitcoin, likening the cryptocurrency to smoking in the modern age. Dimon’s comments have sparked debate among financial experts and cryptocurrency enthusiasts, reigniting the conversation around the potential risks of Bitcoin and other digital assets. Dimon’s Criticism of Bitcoin: In a recent interview, Dimon compared Bitcoin to smoking, referring …

14 January

Russian Crypto Mining Market Explodes as Hardware Sales Triple Under ‘Light Touch’ Laws

Crypto mining in Russia is experiencing a surge as hardware sales have tripled in recent months. This boom in mining activity coincides with Moscow’s shift towards a potentially more lenient regulatory approach. Amid rising interest in cryptocurrency, Russia appears to be exploring a “light touch” regulatory framework, signaling a new phase for the mining industry. The Surge in Crypto Mining …

14 January

Crypto Miners in Abkhazia Fueling Power Crisis with Emergency Russian Energy

Abkhazia, a disputed region on the Black Sea, is grappling with a growing power crisis, largely fueled by the surge in cryptocurrency mining. As the demand for digital currencies skyrockets, local miners are increasingly relying on emergency energy supplies from Russia, putting further strain on an already fragile power grid. Crypto Mining and Its Energy Demands: Crypto mining is a …

14 January

FTX Pushes for February Payments: Final Requirements and Deadlines Revealed

FTX, once one of the world’s leading cryptocurrency exchanges, continues its bankruptcy proceedings as it prepares to begin distributing assets to creditors. A recent announcement from the company has set a crucial deadline for meeting pre-distribution requirements. If all goes as planned, FTX could start payments as early as February. FTX’s Timeline: FTX has established a deadline for customers and …