Day: March 8, 2023

Binance adds 11 tokens to its proof-of-reserves

Binance has increased the number of assets accepted by its proof-of-reserves (PoR) system from 15 to 24 by adding 11 new digital currencies.  Dogecoin, Curve DAO Token, and 1inch are among the added tokens. The crypto trading platform has announced that, as of the most recent update, the total value of all cryptocurrencies in the PoR system exceeds $63 billion. Our Proof-of-Reserves just got an update. We have now increased the number of tokens we cover by 11, to a total of 24. Find out more about our Proof-of-Reserves and…

Mt. Gox Issues March 10 Ultimatum to Creditors

Mt. Gox creditors who suffered losses must register their information in an online rehabilitation claim filing system and choose a repayment plan. Creditors from Mt. Gox have been told that they have until Friday, March 10 to register and indicate their preferred repayment method. The announcement, which was shared by Mt. Gox trustee Nobuaki Kobayashi, is in line with the efforts of the defunct exchange to compensate creditors for their losses. To this end, Kobayashi issued a reminder on Tuesday about the earlier January notice.  According to the initial rehabilitation…

Crypto Exchange Bitget Inks Sponsorship Deal with Juventus Women’s Team

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Bitget, the cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the…

ICO statement on re-introduction of Data Protection and Digital Information Bill

Today, Wednesday 8 March, the Data Protection and Digital Information (DPDI) Bill is due to be re-introduced to Parliament. The ICO has issued the following statement and a full press release from the Department of Science, Innovation and Technology can be viewed here. “I welcome the reintroduction of the Data Protection and Digital Information Bill and support its ambition to enable organisations to grow and innovate whilst maintaining high standards of data protection rights. Data protection law needs to give people confidence to share their information to use the products…

Web3 Startup nealthy Raises $1.3M in Pre-Seed Funding Round to Simplify Crypto and NFT Investment

nealthy has announced a successful pre-seed funding round that will help the startup offer more services to help users easily invest in Web3. nealthy, a Web3 startup that facilitates cryptocurrency and NFT investments, has announced that it successfully concluded a pre-seed funding round where it raised $1.3 million. The funding round saw backing from several Web3 investors and crypto celebrity ‘DonGeraldo.’ The Web3 startup is an Ethereum-based platform offering interested users varying exposure levels to NFT and crypto investments. nealthy plans to use the funds for team expansion by hiring…

India subjects crypto transactions to anti-money laundering law

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While there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to comply with the national AML law.  On March 7, The Gazette of India published a notification from the Ministry of Finance, subjecting a range of transactions with crypto to the Prevention of Money-Laundering Act (PLMA) 2002 — namely the exchange, transfers, safekeeping and administration of virtual assets. Financial services related to an issuer’s offer and sale of virtual assets…

Silk Road Bitcoin for sale? US government-linked addresses transfer $1B in BTC

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Over 50,000 Bitcoin (BTC), worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transferred to new addresses, with some moved to Coinbase on March 8.  According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency’s wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated BTC was consolidated into two wallet addresses. Silk Road Bitcoin moved to three different addresses. Source: Twitter Out of…

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model – Bitcoin News

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The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “the technical feasibility of conducting cross-border – cross-currency transactions between different [distrubuted ledger technology]-based CBDC proof of concepts.” Technical Feasibility of Cross-Border Retail CBDC Payments Reportedly Proven in Project Icebreaker Trial Central bank digital currencies (CBDCs) have been a key focus for the Bank for International Settlements (BIS) in recent…