Category : Cryptocoins News

Cryptocoins News

Pakistan Banks Develop Blockchain-based KYC Platform

The Pakistan Banks’ Association has signed a contract to develop Pakistan’s first blockchain-based national eKYC banking platform aimed at strengthening anti-money laundering capabilities while countering terror financing. The blockchain platform wil...

Iran Completes Pre-Pilot Phase for Digital Rial

Iran's central bank has completed a pre-pilot phase for its digital rial, according to an official statement by the Monetary and Banking Research Institute. The CBDC will align with the rules governing the national currency, the Iranian rial, and be...

Singapore authorities investigate Terraform Labs

Singaporean police have launched an investigation into Terraform Labs, the company co-founded by Do Kwon, who was accused of fraud by the US Securities and Exchange Commission (SEC) last month. The SEC has alleged that Kwon laundered over $100m worth...

Bybit Launches Debit Card for Crypto Payments

Cryptocurrency exchange Bybit is launching a new debit card that will allow users to make payments and withdraw cash using their cryptocurrency holdings. The card will work with Bitcoin, Ether, Tether, USD Coin, and XRP balances on user accounts and...

Binance pivots to stablecoins after SEC regulatory action

Binance, the largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins such as TrueUSD (TUSD) and decentralized stablecoins, following a regulatory action against its native stablecoin, Binance USD (BUSD), by the US Sec...

Babel Finance explores new restructuring opportunities with DeFi project

Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin...

Argo increases Bitcoin production despite BTC difficulty growth

Argo’s daily Bitcoin production rate in February surged 7% despite a 10% month-over-month increase in average network difficulty. Publicly-listed Bitcoin (BTC) mining...

Argo Daily BTC Production Rises 7% in February despite Network Difficulty Jump

<p>Argo Blockchain (NASDAQ:ARBK, LSE:ARB), a publicly-listed <a href="https://www.financemagnates.com/terms/c/crypto-mining/" class="terms__main-term" id="b7de0d78-81b9-460d-b33d-311d7d0dff0e" target="_blan...

Yuga Labs’ inaugural Bitcoin NFT auction nets $16.5M in just 24 hours

Yuga Labs has concluded its first inaugural Bitcoin Ordinal NFT collection auction. The collection comprises a limited edition of 300 generative pieces inscribed on Satoshis on the BTC network. The auction brought in $16.5 million for the firm in 24...

Algodex reveals wallet infiltrated by 'malicious' actor as MyAlgo renews warning: Withdraw now

Crypto exchange Algodex and wallet provider MyAlgo have suffered security breaches in the last few weeks. Algorand-based wallet provider MyAlgo has again urged users t...

SEC Busts BKCoin for Running $100M 'Ponzi-Like Scheme'

<p>The US <a href="https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/" class="terms__main-term" id="3718b4df-fc5f-479a-861e-f52759439c15" target="_blank">Securities and...

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

The United States Securities and Exchange Commission claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws....

Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

The hacker has other associated wallets that have also shifted funds to privacy networks such as Aztec. One of the wallets associated with the $50 million exploit of...

Coinbase CEO hints its new layer-2 network could include AML measures

https://cointelegraph.com/news/coinbase-ceo-hints-its-new-layer-2-network-could-include-aml-measures Is this for real??? While I was really excited earlier by this Layer 2 announcement, this AML stuff leaves a sour taste in the mouth! He says that it...

'Home' regulator could solve crypto's 'fragmented supervision' issue: Comptroller

During a speech at a banking conference in DC, acting comptroller Michael Hsu cited FTX an example of why a “consolidated home country supervisor” is needed. Cryptocur...

TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility

Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania. United States-based Bitcoin minin...

White House 'aware of the situation’ at Silvergate, says spokeswoman

The spokeswoman said that she wouldn’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation with the crypto bank. Th...

White House ‘aware’ of the Silvergate situation, says spokeswoman

The spokeswoman said that she wouldn’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation with the crypto bank. Th...

Tornado Cash dev says 'sequel' to crypto mixer aims to be regulator-friendly

Soleimani explained that the “critical flaw” with Tornado Cash is that users cannot prove that they’re not associated with a criminal enterprise stealing or laundering crypto funds....

Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours

The highest of the 288 bidders forked out just over 7 BTC for one of the 288 Bitcoin Ordinals-based NFTs up for auction. The auction for Yuga Labs’ inaugural Bitcoin O...

SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

The United States Securities and Exchange Commission said Green United’s operation was a fraud, with the community quick to quell fears of the SEC classing crypto mining as a security....

Meet the person who offered a comfy bed for 'scrappy' hackers during ETHDenver

Jessy, the name behind Jessy’s Hacker House, helped organize four rental houses in Denver for "genuine scrappy" individuals looking for networking opportunities and more....

Meet the person who offered comfy beds for 'scrappy' hackers during ETHDenver