“As one of the most progressive regulatory frameworks in the world, the VARA approval is a crucial link in our global licensing portfolio, connecting places like Indonesia, Malaysia, Bangladesh, Pakistan and Turkey,” said Fasset CEO Mohammad Raafi Hossain. Source
An upcoming ‘scams code framework’ proposed by Australia’s Department of the Treasury considers applying sector-specific codes and standards to banking and cryptocurrency scams, among others. Adding to the efforts of the Australian Competition and Consumer Commission (ACCC), a regulator within the Treasury, to combat scams via the yearly Scams Awareness Week initiative, the Treasury issued a consultation paper. The paper revealed Australia’s plan to assign mandatory industry codes to each different type of scams. The “Proposed Scams Code Framework” consultation paper — announced on Nov. 30 by Assistant Treasurer, Stephen…
AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25. AVAX price is showing positive signs above the $20 level against the US dollar. The price is trading above $21 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if there is a clear move…
With over 10,000 cryptocurrencies, finding potential hidden gems poses a significant challenge. However, a select few micro and low market cap cryptos have recently shown impressive development activity that may support growth in 2024. This article will analyze eight low cap cryptos whose fundamentals and utility appear solid. 1. Bitcoin ETF Token (BTCETF) Bitcoin ETF Token aims to capitalize on the excitement surrounding the approval of a spot Bitcoin ETF in the United States. It has a deflationary model, with milestone token burns tied to ETF progress. For example, 5%…
Ethereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the near term. Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the 100-hourly Simple Moving Average and then $2,075.…
Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times. Speaking at the 2023 DealBook Summit in New York on Nov. 29, Elon Musk, the owner of micro-blogging platform X (formerly Twitter), lashed out at advertisers leaving the social media site due to antisemitic posts he amplified there. Recently, Musk publicly endorsed what the White House labeled “antisemitic and racist hate” on the platform, which he has since apologized for. The tweet…
Sinbad was used by North Korean cyber criminals to launder hundreds of millions stolen from some of crypto’s biggest hacks like Ronin Bridge and Atomic Wallet, said the Treasury. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a cryptocurrency mixing service allegedly leveraged by bad actors including North Korea’s Lazarus Group for digital asset money laundering. Sinbad’s platform was used to funnel hundreds of millions of dollars in crypto looted from crypto’s largest exploits like the $600 million Axie Infinity Ronin Bridge…
Sam Altman, one of the founders of OpenAI, has officially returned to office as the firm’s CEO, ending a whirlwind few weeks caused by his abrupt and unexpected temporary departure. Addressing OpenAI employees in a company memo made public on Nov. 29, Altman confirmed that interim CEO Mira Murati will step down from her position and return to her previous role as chief technology officer. Altman also revealed a new initial board, chaired by Salesforce CEO Bret Taylor, along with Larry Summers, who previously served as the United States Secretary of the…
Bitcoin price failed again to clear the $38,500 resistance zone. BTC is consolidating above the 100 hourly SMA and might attempt another increase. Bitcoin is still facing heavy resistance near the $38,500 zone. The price is trading above $37,400 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $37,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could make another attempt to clear the $38,500 resistance unless it breaks below $37,350. Bitcoin Price Holds Support…
Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court. The $873 million in assets will be sourced from FTX’s stakes in various trusts issued by crypto asset manager Grayscale Investments, valued at $807 million, and custody service provider Bitwise — valued at $66 million. While the court document references a total of $744 million in assets —…