Tag: Blocks

Spain Blocks Worldcoin Project Over Data Privacy Concerns, WLD Token Slides 7%

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The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered.  Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project’s use of an eyeball-scanning “orb” to collect customers’ data. The regulator is expected to announce a “precautionary measure” on Wednesday, and Worldcoin…

Vanguard blocks spot Bitcoin ETF purchases

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Asset manager Vanguard will not allow the purchase of spot Bitcoin (BTC) ETFs on its platform. A Jan. 11 Wall Street Journal report claims Vanguard has no plans to offer new instruments on its brokerage platform because they do not match its traditional offerings. “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio.” Vanguard statement Tony Spencer, one of Vanguard’s clients, noted that a…

Next Bitcoin halving just 15k blocks away 

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Only 15,000 blocks remain until the much-anticipated Bitcoin halving.  The halving is projected to occur on April 19, approximately 99 days away, marking a pivotal moment in the life cycle of the leading cryptocurrency. Historically, halving events have had significant impacts on the Bitcoin market. Previous trends show that Bitcoin will experience a major rally shortly after every halving. This is often due to increased public interest, speculative trading, and discussions about the future of cryptocurrencies.  Source: CoinGecko Analysts closely observe these periods, as past halvings have been followed by…

Bitcoin Halving 2024 Is Just 100 Days and 15,000 Blocks Away

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Bitcoin has shown a tendency to experience steady price increases in the months following the halving. The countdown to the Bitcoin (BTC) Halving in 2024 has begun, with just 100 days remaining until the event takes place. While the crypto market eagerly anticipates the approval of a spot Bitcoin Exchange-Traded Fund (ETF), Bitcoin miners will experience a 50% reduction in block rewards, marking the next block subsidy halving. The Bitcoin halving is scheduled to occur in the second quarter of 2024, tentatively around April 19. Various countdown tools, such as…

India Names Binance among 9 Crypto Exchanges Violating Its AML Rules, Blocks Their URLs

Presently, India is working on a crypto regulatory framework that is scheduled to take effect in 2024. The framework is based on a joint recommendation of both the International Monetary Fund and the Financial Stability Board. The Indian government, through its Financial Intelligence Unit (FIU), has moved to block a total of 9 URLs belonging to various global crypto exchanges. The move is said to be in line with the government’s efforts to ensure that digital asset service providers comply with its Anti-Money Laundering regulations. In this regard, India has…

‘Concerning precedent’ — bloXroute Labs’ MEV relays to reject OFAC blocks

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One of the largest producers of censorship-resistant blocks on Ethereum has made a complete u-turn, announcing it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. The firm, bloXroute Labs — which has produced at least 400,000 Ethereum blocks from its two leading Maximal Extraction Value (MEV) relays — made the announcement of its policy change on Dec. 18 in a post on X (formerly Twitter), noting:  “Effective immediately, all bloXroute relays will reject block bids if they contain OFAC transactions.” An “OFAC…

Hong Kong regulator blocks access to two crypto entities, warning of fraud

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The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a Dec. 6 notice, the SFC said the Hong Kong Police Force had blocked access to the websites of BitCuped and Hong Kong Digital Research Institute — also known as HongKongDAO — claiming users could be fooled into making illegitimate investments. The regulator also issued cease and desist letters to the firms’ website operators. “The SFC suspects HongKongDAO may be disseminating false…

Crypto Hedge Fund Nine Blocks Secures Digital Assets License From Dubai’s VARA

“Being market neutral, we don’t take any directional risk, so whether bitcoin is going up or going to go down doesn’t matter much to us,” Arslanian said. “We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and ETH, for example.” Source AssetsBlocksCryptoDigitalDubaisFundHedgeLicenseSecuresVARA CryptoX Portal

Chase UK blocks crypto payments for customers, citing fraud and scam rise

Chase U.K. will block all crypto payments over fraud and scam allegations. Chase U.K., a U.K. entity of the global bank, warned its customers that starting Oct. 16, it will block all crypto-related payments in an email to the customers. The email specified that customers are still free to interact with their cryptocurrency service providers through a different bank of their choosing. “If we think you’re making a payment related to crypto assets, we’ll decline it,” the email reads. The email further explained that Chase came to the decision to…