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Month: April 2022
Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities – Regulation Bitcoin News
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites a document recently released by the Ministry of Finance and Economics, said it is still illegal to create, distribute, or trade cryptocurrencies in Cambodia. According to a China News Service report, while the ministry does…
Plan for $1M bug bounties and double the nodes in wake of $600M Ronin hack
The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit for 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) worth more than $612 million at the time. Earlier this month the Federal Bureau of Investigation (FBI) attributed the attack to North Korea-based and state-sponsored hacking group Lazurus, as it…
ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND
The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may yield large returns, and 2018 has been a banner year for practically every major cryptocurrency and its supporters. Among the major cryptocurrencies, ApeCoin (APE) is making significant progress in the sphere of the metaverse. ApeCoin…
BlackRock launches blockchain industry ETF, names crypto as 1 of 3 big opportunities
BlackRock has officially launched a blockchain focused ETF, that provides investors with exposure to the crypto and blockchain industry without needing to directly own digital assets. On Wednesday, the world’s largest asset manager, which currently manages approximately $10 trillion in assets, added the Blockchain and Tech ETF (IBLC) to its iShares product line. The $4.7 million ETF does not directly own cryptocurrencies or digital assets themselves, but instead tracks an array of international companies that are involved in the industry. The ETF is comprised of 41 separate holdings, with the…
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New York Mayor urges state to abandon ‘stifling’ BitLicense scheme
New York City Mayor Eric Adams has hit out at his states’ BitLicensing regime, claiming that it stifles innovation and economic growth. In a closing keynote interview at the Crypto and Digital Assets Summit in London on April 27, Adams suggested his state legislature counterparts in Albany “listen to those who are in the industry” adding: “It’s about thinking not only outside the box, but on this one, we may have to destroy the box.” Adams is a crypto advocate who ran for mayor planning to turn New York City…
Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about its retail central bank digital currency, e-HKD. The HKMA today issued a discussion paper, outlining the policy and design issues involved in the introduction of e-HKD, and encourages the public and industry to participate in the consultation and share their views. Find out more: https://t.co/GndjuZ2Pay pic.twitter.com/hRz2noD0Ps — HKMA 香港金融管理局 (@hkmagovhk) April 27, 2022 Many in the crypto industry believe that interest in developing central bank-issued digital currencies…
BUSINESS NIGERIA | Analysis On The Cryptocurrency market As Bitcoin Hits Fresh All-Time High
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency expert, Mr. Gbenga Onifade analyses the performance of the eNaira since it was launched by the federal government, recording over 500,000 downloads in just three weeks. #eNaira #NigeriaDigitalCurrency #Bitcoin #Etherum #Cryptocurrency #BusinessNigeria #TVCNews #NewsUpdate Don’t forget to subscribe: Watch more interesting videos: Follow TVC News On: Twitter: Instagram: Facebook: Get more news on our website: Download the mobile app Android: iPhone: Go to apple store ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Nepal Shuts Down Crypto Websites, Apps — Warns About Engaging in Crypto Activities – Regulation Bitcoin News
The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed within the country. Nepalese Regulator’s Crypto Warning Nepal’s regulator of the technology sector, the Nepal Telecommunications Authority (NTA), issued a notice Monday warning the public about engaging in illegal activities, specifically naming cryptocurrency, bitcoin, and online gambling. Noting that transactions using digital technologies, such as cryptocurrency, have been on the rise in Nepal, the NTA stressed…