A 15-person committee was established in the Central African Republic (CAR). A developing nation in Central Africa, to create legislation regulating the usage of cryptocurrencies. And tokenization in the country and the region. The president of the Central African Republic, Faustin-Archange Touadéra, has said that he believes cryptocurrency will play
An organization called Kraken, not to be confused with the well-known cryptocurrency exchange of the same name, has hacked into Solaris, a major marketplace for narcotics and other illegal items. Solaris reportedly gained between 20% and 25% market share after authorities shut down Hydra, the prior leader in this sector,
As reported by blockchain forensics company Chainalysis, ransomware payments have decreased by 40.58 percent. Chainalysis claims in a research published on Thursday that ransomware attackers stole at least $456.8 million in 2022, down from the $765.6 million they stole in 2021. Criminals that deploy ransomware demanding Bitcoin or other cryptocurrencies
Elon Musk, who purchased Twitter last year, said on Saturday that the microblogging service will soon begin offering a new, higher-cost, Blue membership that would do away with adverts. Though this feature has not yet been released. Verified users get 50% less ads than non-verified individuals on Twitter Blue, which
The National Bank of Georgia (NBG) is preparing to publish a whitepaper on the “digital lari,” which will provide a framework for interested parties to refine their suggestions ahead of the project’s pilot phase. The NBG had planned to begin testing the central bank digital currency (CBDC) in 2022, but
JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized
The protocol has started burning ETH at a tremendous pace as part of EIP (Ethereum Improvement Proposal) 1559, which was released in August 2021. To comply with EIP-1559, a little bit of every Ethereum transaction is wiped out. This includes every NFT trade, yield strategy, and even basic token transfer.
According to blockchain records, a Chinese miner recently transferred roughly 5,600 bitcoin (BTC), valued at almost $124 million, to the Binance cryptocurrency exchange, a move that might be regarded as a preparation to liquidate the holdings. Earlier this week, analytical company CryptoQuant saw a string of transactions in which Bitcoin
Global policymakers are becoming more concerned about the unpredictability of cryptocurrency markets. IMF officials Nobuyasu Sugimoto, deputy division chief of the division of financial supervision and regulation, and Bo Li, deputy managing director of the IMF, issued a warning on the potential impact of cryptocurrency market volatility on the global
Compass Mining had its case rejected the day after a group of clients tried to sue the firm for more than $2 million for failing to return their Bitcoin equipment after severing links with a Russian hosting provider. The court has, however, extended the deadline for the plaintiffs to submit
