Advertisements The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia. The Commodity Futures Trading Regulatory Agency, the Indonesian government agency known as Bappebti whose responsibilities include overseeing cryptocurrencies, formed a dedicated committee to monitor the industry. The Crypto Asset Committee was establishedContinue reading “Indonesia Regulator Forms Crypto Committee to Monitor Industry’s Operation, Compliance”
Category Archives: Finance
QCP Receives In-Principal Approval From Abu Dhabi Regulator
Advertisements The digital assets trading firm said in April it was setting up shop in Abu Dhabi in collaboration with Further Ventures. Digital assets trading firm QCP Capital said it received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The Singapore-based firm is the latest digital assets companyContinue reading “QCP Receives In-Principal Approval From Abu Dhabi Regulator”
Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts
Advertisements The ATO said the data will help identify traders who failed to report their cryptocurrency-related activities. The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports. The Australian Financial Review reported on Monday that “as part of aContinue reading “Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts”
Rising gold prices: Exploring Vietnam’s unwavering demand
Advertisements The World Gold Council’s latest report on gold demand trends for the first quarter of 2024 sheds light on this phenomenon. Global gold demand experienced a 3% uptick to 1,238 tons compared to the same period last year, marking the most robust increase since 2016. However, excluding over-the-counter (OTC) purchases, demand dipped by 5%Continue reading “Rising gold prices: Exploring Vietnam’s unwavering demand”
Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash
Advertisements The hacked funds had previously been dormant for 178 days. A hacker that stole $125 million from Poloniex’s hot wallets in November has sent 1,100 ether (ETH) to sanctioned coin mixer Tornado Cash, according to blockchain data. The ether, worth roughly $3.3 million, was sent to Tornado Cash in 100 ETH batches on Tuesday,Continue reading “Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash”
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
Advertisements The stablecoin market supply currently stands at about $150 billion. Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported. Out of about $2.2 trillion in total transactions in April, just $149 billion originated from “organic paymentsContinue reading “Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report”
Exploiter Steals $68M Worth of Crypto Through Address Poisoning
Advertisements The victim was duped by a mimicked 0.05 ether transfer. A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an address poisoning exploit, according to blockchain security firm CertiK. Address poisoning is a technique that involves tricking the victim into sending a legitimate transaction to the wrongContinue reading “Exploiter Steals $68M Worth of Crypto Through Address Poisoning”
Friend.Tech’s Native Token Tanks to $2.5 After Debut
Advertisements Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform. Decentralized social platform Friend.Tech on Friday airdropped its native token, FRIEND, while unveiling version 2 of the platform, which is packed with new features, including the Money Club. The token’s price rose as high as $169 immediately after itContinue reading “Friend.Tech’s Native Token Tanks to $2.5 After Debut”
MoonPay Users Can Now Buy Crypto Via PayPal
Advertisements The partnership means MoonPay users in the U.S. can seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions, according to a press release. Cryptocurrency buying app MoonPay has partnered with fintech giant PayPal (PYPL), the companies said on Thursday. The partnership means MoonPay users in the U.S. can seamlesslyContinue reading “MoonPay Users Can Now Buy Crypto Via PayPal”
Bitcoin Miner Stronghold Looking at Options, Including Sale of Company
Advertisements The miner is looking at options including sale of all or part of the company and other strategic transactions. Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company. “The company is considering a wide range of alternatives to maximize shareholder value, including, butContinue reading “Bitcoin Miner Stronghold Looking at Options, Including Sale of Company”
Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ
Advertisements Gruhn said he bought the watch for his wife, Maren Gruhn, and that they would display the watch in museums, according to the report. Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million, “the largest sum ever spent at auction on a piece of Titanic memorabilia,” for a gold pocketContinue reading “Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ”
Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync
Advertisements The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place. Avail, a blockchain project known for data availability (DA), shared Thursday that five major layer-2 networks in the Ethereum ecosystem will integrate with itsContinue reading “Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync”
Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report
Advertisements Increasing concerns about sticky inflation hit risk assets across all markets, cryptos included. Bitcoin (BTC) dropped briefly below $63,000 on Thursday as cryptocurrencies tumbled following fresh data showing hotter inflation and slower growth in the U.S. in the first quarter. The U.S. government’s preliminary report for first quarter GDP showed growth of just 1.6%,Continue reading “Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report”
Hedera’s HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
Advertisements Hedera announced on Tuesday that BlackRock’s U.S. Treasury money market fund had been tokenized on its blockchain. Hedera’s native HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain. On Tuesday, Hedera announced that BlackRock’s ICS U.S.Continue reading “Hedera’s HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish”
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance
Advertisements Any perpetrator or “suspected agent” secretly working with all cryptocurrency platforms, “buying and selling USDT illegally” will be arrested, the directive said. The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX and Binance, according to a letterContinue reading “Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance”