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Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied El Salvador has recorded a notable drop in remittances posted in Bitcoin and other cryptocurrencies in H1 2023. Recent data from Banco Central de Reserva (BCR), El Salvador’s central bank, indicates the country’s crypto remittance program saw
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The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States.According to records filed with U.S. District Court in the District of Columbia on July 21, Ilya Lichtenstein and Heather
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“Main problem w/ trading on-chain is terrible UX, unibot allows you to easily market buy/sell w/ 1 telegram command,” writes popular Crypto Twitter trader @blknoiz06. “Trading directly through telegram is great for fast swaps, scalps, etc,” explains @0xKawz, another trader. Source
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Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the company to cease all activities amid a shortfall in customer funds and accusations that it used customer funds to
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Nearly two years after the dog-inspired decentralized finance (DeFi) project — AnubisDAO — was rug-pulled for almost $60 million in Ether (ETH), the stolen funds were siphoned away using Tornado Cash.In October 2021, AnubisDAO raised 13,556 ETH from crypto investors owing to the predated Dogecoin (DOGE) trend. However, roughly 20
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Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis. Source
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Despite the millions of retail and institutional investors getting involved in the growing sector, “crypto has so far failed to harness innovation to the benefit of society,” said the report, prepared for a meeting of G20 finance ministers and central bank governors due to take place in Gandhinagar, India this
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Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to why cryptocurrencies are not money. Instead of cryptocurrencies and stablecoins, he would prefer “enhanced digital money.”The spate of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data from Glassnode, an on-chain analytics firm, reveals that short-term holders (STHs) of bitcoin are currently posting more profits than losses, and are in green, “making money.” STHs are mostly traders, eager to clip bitcoin’s volatility
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