It is generally agreed that adoption and regulations go hand in hand. Even as law enforcement was growing acquainted with the concept of cybercrime, a new chapter opened up with the advent of crypto-related criminal activity. In the previous several years, there has been a slew of arrests related to
The audits of pro-cryptocurrency bank Revolut reportedly had problems, as reported by the Financial Times, United Kingdom. A Financial Reporting Council (FRC) assessment from July said that the audit of a certain corporation (which was not identified) had flaws. The FRC said that there was “the risk of an undetected
Truss will be formally appointed on Tuesday as the next Prime Minister. Truss tweeted in 2018 that the United Kingdom should embrace cryptocurrency. To become the next Prime Minister of the United Kingdom, Liz Truss has prevailed against crypto advocate Rishi Sunak. After former Prime Minister Boris Johnson submitted his
5,000 Bitcoins (now worth $100 million) transferred to the crypto exchange Kraken. One of the largest BTC whale addresses transferred all of its holdings to exchange. Bitcoin (BTC), the most popular cryptocurrency, has been trading at a price below $20,000 for some time. At the time of writing, according to
California Assembly approved a measure to regulate crypto services. Sherman can’t make up his mind on the best strategy to safeguard crypto investors. In the USA, certain states like California have tightened their rules on cryptocurrencies. For instance, only last week it was announced that the California Assembly had approved
PwC Venezuela’s Twitter now has over 37,000 followers. Links directed to a website pretending to represent Ripple and offering free XRP. PwC Venezuela’s Twitter account was hacked and used to advertise a fake crypto giveaway. The Twitter account started the blatant hoax at 2:13 AM UTC by sending links to
The new definition gives “digital assets” their own distinct category from cash. Tokens, coins, and virtual currencies are all in this category. Consistent rules are now crucial in the crypto industry. Within a short period of time, the sector changed from being widely ignored to being subjected to intense scrutiny.
Adoption of a benchmarking standard is a necessary part of its crypto strategy. Since its 2017 inception, CF Benchmarks has established an impressive reputation. The world’s biggest asset manager, BlackRock, has almost finished securing its foothold in the crypto space. The asset management behemoth is aiming to use a Kraken
Cryptocurrency will be almost as volatile as gold or the stock market, as per Vitalik. In the long run, fees will be the only source of security for Bitcoin, says Vitalik. In a recent interview, the co-founder of Ethereum blockchain technology, Vitalik Buterin expressed his viewpoints regarding the future of
Brainard urged U.S. banks and software developers to prepare for the debut. The Vice-chair said the service’s use of cloud computing made it possible. FedNow, a new payment facilitation system that the Federal Reserve plans to roll out, may reduce the need for a central bank digital currency. It is
