Month: April 2023

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar – Bitcoin News

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact to Fight Inflation On April 5, eleven countries in Latin America, including Argentina, Brazil, Chile, Colombia, Cuba, and Venezuela, signed an agreement to fight inflation by adopting a system that will create facilities for exporting…

South Korea seeks to seize $314m in assets from Terra executives

The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder of Terra Labs, and other Terra officials were charged with scamming investors using cryptocurrencies Terra and Luna to make substantial gains. KBS stated that prosecutors are tracking the domestic property to recover the anticipated criminal proceeds of around $314 million. According to the report, an estimated $69 million was taken…

Trustwave Spiderlabs Researchers Warn of New Strain of Malware That Drains Crypto Funds – Security Bitcoin News

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According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life more difficult for cybercriminals, two researchers — Pawel Knapczyk and Wojciech Cieslak — said this alone may not be enough to “solve the issue entirely.” Malicious Browser Extensions Researchers at Trustwave Spiderlabs recently said they discovered a new strain of malware which clandestinely draws funds from crypto wallets. According to the researchers,…

Cardano’s DeFi landscape advances with launch of its first oracle integrator

The Cardano network has taken a step towards total decentralization with its first oracle integrator launch. Liqwid, a top DeFi project on Cardano, has integrated Charli3, the first decentralized oracle integrator on Cardano’s mainnet, which went live on April 6. Charli3 enables projects to deliver precise, secure, and safe data to their platforms and users, akin to Chainlink for Ethereum (ETH). The FIRST ORACLE INTEGRATION ON CARDANO!🤯 The day is finally here🥳 This is a MAJOR occasion for the #Cardano ecosystem as a whole, showing that projects are following the…

Polygon becomes second largest gaming blockchain after user activity surges in March

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Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to an April 6 Blockchain Games report published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, marking an increase of 53% compared to February. That figure places Polygon well ahead of third and fourth-ranked Hive and the BNB Chain at 84,000 and 80,000 UAWs a piece, while first placed WAX is…

Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization – Economics Bitcoin News

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Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly to blame for the developments. Tucker Carlson Believes Sanctions Are to Blame for De-Dollarization Efforts Across the World Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, touched on the recent moves countries have been making to distance themselves from using the U.S. dollar as…

Over 99% of crypto investors don’t report taxes, report indicates

As the cryptocurrency market continues to grow, tax authorities worldwide face mounting challenges in ensuring compliance.  A recent study by Divly, a crypto-tax platform, reveals that a mere 0.53% of cryptocurrency investors globally declared their crypto activities to local tax authorities in 2022.  STUDY: Divly, a tax preparation service in Sweden, conducted a survey which found that only 0.53% of global crypto holders pay taxes on digital assets. Finland had the highest percentage of taxpayers at about 4%. — Coingraph | News (@CoingraphNews) April 7, 2023 This article delves into…

Mt. Gox repayment window opens until October

The deadline for Mt. Gox creditors to submit their repayment details expired on April 6, opening the repayment window until Oct. 31, 2023. The repayments might take time, and the period could be extended with permission from the Tokyo District Court. Mt. Gox creditors’ are set to receive their base, intermediate, and early lump sum repayment by Oct. 31, following the passing of the repayment information submission period. However, the repayment deadlines might change depending on external factors. The specific repayment time of each rehabilitation creditor is not fixed yet.…

Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’

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Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.” Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2 weeks of April for crypto policy as legislation and oversight of the regulators ramps up. Stay tuned https://t.co/ZSsTFJ9pt7 — Ron Hammond (@RonwHammond) April 7, 2023 During an April 7 appearance on the Unchained podcast hosted by author and crypto…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient – Regulation Bitcoin News

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A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the FTX case from occurring,” she cautioned: “Certain areas still need further strengthening.” ECB’s McCaul Warns of EU’s Inadequate Crypto Regulation Elizabeth McCaul, a member of the European Central Bank Supervisory Board, discussed cryptocurrency regulation in a blog post published by the ECB Wednesday. She explained that the…