Tech

15 January

Russian Emergency Power in Jeopardy as Abkhazia’s Crypto Miners Ramp Up Operations

In a concerning development, the surge in cryptocurrency mining operations in Abkhazia has led to an unprecedented strain on Russia’s emergency power supplies. Abkhazia, a region with a complicated political status, has long been a haven for miners taking advantage of the region’s relatively cheap electricity. However, as mining activities continue to ramp up, the situation is creating energy shortages …

15 January

Bithumb and KB Bank Seal the Deal, Revolutionizing the Crypto Exchange Scene

In a landmark development, South Korea’s leading crypto exchange, Bithumb, has entered into a pivotal partnership with KB Bank, one of the country’s top financial institutions. This strategic alliance is poised to dramatically reshape the landscape of cryptocurrency exchanges, bringing new levels of legitimacy and accessibility to the digital asset market. A New Era for Crypto and Traditional Finance The …

15 January

Trump’s Day One Crypto Shake-Up: Executive Orders to Tackle De-Banking Policies

Former President Donald Trump has reportedly signaled plans to make sweeping changes to cryptocurrency policies as part of his agenda should he return to the White House. According to insider reports, Trump intends to sign executive orders on his first day in office aimed at addressing the contentious issue of crypto de-banking—the practice where banks restrict services to cryptocurrency-related businesses …

15 January

UK’s Digital Pound Lab: Central Bank Gears Up for CBDC Innovation

The Bank of England has announced an ambitious initiative to test the feasibility and capabilities of a Central Bank Digital Currency (CBDC) through the establishment of a “Digital Pound Lab.” This pioneering effort aims to explore the potential benefits and challenges of introducing a digital version of the pound sterling in the UK economy. The Digital Pound Vision The Digital …

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 …