Cryptocurrency Analysis and News Portal
Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice. Source
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While self-custody is considered the ultimate way to secure one’s funds, many fail to acknowledge the risks associated with physically storing seed phrases. A search conducted by the State Police agency for Nevada ended up making a suspect’s seed phrase public after being picked up by the body cam.A viral
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Leading members of the new association involve Polygon, Hike, Coin DCX, CoinSwitch Kuber, Zebpay, and Wazir X, making it the most prominent Web3 advocate in the country. While some registration and procedural formalities remain, the association is set to be announced Thursday, the people said. Source
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The measures could take effect as early as December, and would only make it easier for exchanges to list crypto assets that are already known to the Japanese market. By March 2023, the JVCEA could also "scrap pre-screenings" for tokens that are new to the market, according to the report. Source
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Figures cited by UNCTAD show crypto is particularly popular in Russia, Ukraine and Venezuela, three countries affected by sanctions, war and hyperinflation. As of November 2021, 41 developing countries have either prohibited banks from dealing in crypto or prevented exchanges offering crypto to retail investors, and nine have banned crypto
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Nigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. According to Abdulrasheed Bawa, the EFCC chairman, his organization is currently going after foreign currency speculators in Kano,
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"We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision," Sumit Gupta, co-chair of the now defunct BACC, said in a written statement on Tuesday, adding that crypto advocates like him will "continue to double down" on their efforts. Gupta is
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Some of the reasons for the decision included a lack of maturity among crypto founders to take matters seriously with the government, inaction around critical matters despite getting chided by India's parliamentary finance body, and the creation of a vitiating environment, a person with knowledge of internal consultations said. Source
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A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy is yet unresolved. John
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Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening Guidelines Five of South Korea’s leading domestic
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