Cryptocurrency Analysis and News Portal
Private market investors continue to look for opportunities in the space, “albeit being way more valuation sensitive,” the report said. Therefore, “crypto converts” remain active in the sector, but those investors who were ambivalent about digital assets in late 2021 have delayed their plans. Original Source
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Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain Trading Until Last Day
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Two men from Massachusetts, have been sentenced to serve time in prison for an "extensive scheme to take over victims' social media accounts and steal their cryptocurrency using techniques such as SIM swapping," according to a press release by the Justice Department. Original Source
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Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union.On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers.“Due to the new European
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In a letter to the court filed on Oct. 18, Voyager debtors said the sale to FTX US would allow customers to recover around 72% of the value of crypto held in their accounts on the platform, "provides stakeholders with the best possible recovery and facilitates the most expedient resolution"
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The bank is only offering crypto trading as a “wealth building feature” – meaning customers can buy and sell tokens, but cannot transfer the assets to other digital wallets, Gilles BianRosa, chief product officer at N26 said in an email to CryptoX. Source
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Some cryptocurrency exchanges continue onboarding Russian nationals despite the latest Western sanctions against Russia, but not without certain restrictions.In late September, Kazakhstan’s President Kassym-Jomart Tokayev witnessed the nation’s first regulated fiat-to-crypto purchase by a local commercial bank, the Eurasian Bank.The transaction involved a local crypto exchange called Intebix, which allows
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According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license.
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Customers of bankrupt crypto lender Voyager Digital may be able to recover 72% of the value of their accounts under a tentative deal with FTX US, according to court documents. However, United States bankruptcy judge Michael Wiles during a court hearing said the tentative sale would not be final until it receives
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A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some commentary suggesting it could be positive for decentralized finance (DeFi) and crypto.A prior draft version of the bill drew heavy criticism from industry representative bodies for containing too broad a definition
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