Day: May 2, 2022

Indian IT Ministry directs crypto exchanges to store user data for 5 years

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The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers and data centers to store a wide range of user data for up to five years. Under the newly issued directive, crypto exchanges operating in India will be required to store customers’ names, ownership patterns, contact information and various other data. Crypto exchanges and VPN services providers are also required to report any cyber incident within six hours of…

Crypto.com Slashes Card Rewards, CRO Tokens Drop 11% as Community Reacts

“Staking CRO tokens enabled rewards for users and incentivized the use of their debit card,” shared Edson Ayllon, Product Manager at dHEDGE, in a Telegram message. “Reducing cashback rewards reduced the intrinsic value proposition of CRO. “This is similar to how DeFi protocols use liquidity mining to attract assets. It’s often intended to bootstrap liquidity, and we see in DeFi that when the incentives dry up, often the token price takes a hit.” Source

India Includes Crypto Businesses in New Rules for Cyber Security

While the industry views the announcement as a soft step toward regulation before crypto-specific legislation is enacted, the government has not suggested the move is a step toward regulation. A similar, but much stronger, move was the rule to tax crypto businesses before crypto-specific legislation, announced in February. At the time, a senior finance ministry official said “just because it is taxed does not make it legal.” Source

Nigerian Trio Allegedly Uses Money Laundering Proceeds to Buy Bitcoins Worth Over $43 Million – Regulation Bitcoin News

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Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020. Powerful Kenyan Politician Assists the Alleged Money Launderers The global law enforcement agency, Interpol is seeking to conclude a case where three Nigerian nationals are believed to have used money laundering proceeds to buy bitcoins worth over $43 million, a report has said. Three…

Bitcoin Whales Enter While NEAR Crypto Pumps on Rumour

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Bitcoin Immune to ‘Sell in May’ Adage, if History is Guide

Bitcoin has logged gains in May in seven years out of the past 11 years, per charting platform TradingView’s bitcoin index, which records prices from July 2010. Historically, May has been the fourth-best month for the cryptocurrency, averaging 289% gains over 11 years. “In terms of seasonality, May is considered a relative success for BTC. Over the past 11 years, bitcoin has ended the month up seven times and down four times,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email. “The average rise was 27%, and the…

شرح Web3 Blockchain Smart Contracts NFT 💲₿💲

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io شرح Web3 Blockchain Smart Contracts NFT 💲₿💲 ☑️ إدعم القناة عبر مشاركة الفيديو و تشغيل التنبيهات (🔔) ليصلك كل فيديو فور النشر . السلام عليكم ورحمة الله ، فيديو تع اليوم فريد من نوعو في القناة وهو يمس مجال برمجة البلوك تشين او ماتسمى ايضا ب مطور بلوك تشين – Blockchain Developer حيث انو من المعلوم ان يزدهر هذا المجال مستقبلا سرتو مع ظهور معالم الويب 3.0 web لي يرجح تحول الانترنت الى لامركزي ن وتم شرح ايضا الرموز الغير قابلة للاستبدال…

Bitcoin ATM installation slowdown continues for 4th month in 2022

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April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year. BTC ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit BTC holdings against the corresponding cash reserves. Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar Based on the data provided by Coin ATM Radar, the year 2021 saw the highest global increase in the BTC ATM installations, with August witnessing…

Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and fears are already that $30,000 or even lower is next. That said, sentiment has improved as May begins, and while crypto broadly remains tied to macro factors, on-chain data is pleasing rather than panicking analysts. With a decision on United States economic policy due on May 4, however, the coming days may be a matter of knee-jerk reactions as…

Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and fears are already that $30,000 or even lower is next. That said, sentiment has improved as May begins, and while crypto broadly remains tied to macro factors, on-chain data is pleasing rather than panicking analysts. With a decision on United States economic policy due Wednesday, however, the coming days may be a matter of knee-jerk reactions as markets attempt…