UAE to Issue Crypto Licenses in Bid to Become Industry Hub: Report
The Middle Eastern country is gearing up to become a global crypto hub. Original Source
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Russian Central Bank, Government No Closer to Crypto Compromise: Report
Russia's central bank and government are seemingly no closer to an agreement on the regulation of cryptocurrencies, a sign of how wide the spread between their positions remains, even after a document last week set out plans to legitimize the asset class. Source
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Binance.US Faces SEC Probe Over Trading Affiliates: Report
"Market-making activities are standard in both traditional finance and crypto, such as Citadel Securities or those on FTX performed by Alamada Research, a business owned by FTX’s founder Sam Bankman-Fried. They ensure liquidity and directly support a healthy, vibrant, and efficient marketplace to the benefit of end-users," a Binance spokesperson
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Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City – Bitcoin News
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three
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Binance.US is under investigation from SEC over trading affiliates: Report
The U.S. Securities and Exchange Commission (SEC) has reportedly launched a probe into major crypto exchange Binance's U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao.According to a Tuesday report from the Wall Street Journal, the SEC is looking into the relationship between Binance.US and trading firms Sigma
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Crypto M&A Surged Nearly 5,000% in 2021, PwC Report Says
The total value of crypto-related mergers and acquisitions rose to $55B in 2021 versus $1.1B a year earlier, according to a report from PricewaterhouseCoopers (PwC). Source
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Ransomware Attacks Grew To $602 Million In 2021, Report
A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named Conti as the most active and largest group of hackers by revenue last year. The
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7 Crypto Exchange Executives Handed Prison Sentences for $1.7B Fraud in South Korea: Report
The former CEO was sentenced to 22 years in prison. Original Source
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Zambia's Central Bank to Explore CBDC Following Crypto Warning: Report
Zambia is to follow several of its neighbours in exploring a potential central bank digital currency (CBDC), research for which is expected to complete later this year. Source
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Abu Dhabi Trading Firm Hayvn in Talks for $30M Series B, Eyes IPO: Report
Hayvn, an Abu Dhabi-based crypto trading firm, is courting institutional investors for a Series B round with a view to eventually list, Reuters reported on Wednesday. Source
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