Tag: Digital

US Secret Service Launches Crypto Awareness Hub to Educate the Public on Digital Asset Security – Regulation Bitcoin News

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The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced last week that it “has launched a cryptocurrency public awareness hub.” Established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting, the Secret Service is now under the Department of Homeland…

Chainalysis Study Shows ‘Criminal Whales’ Hold $25B in Digital Assets, Entities Represent 3.7% of All Crypto Whales – Bitcoin News

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According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses The blockchain surveillance company Chainalysis published a study that indicates $25 billion in digital assets is currently held by criminals. Despite the significant law enforcement seizures last year, the billions of dollars in crypto held…

Digital gold narrative valid as long as MicroStrategy holds Bitcoin, says exec

As some industry executives have questioned Bitcoin (BTC) as being the digital gold amid a massive market crash on Thursday, other experts continued to support the digital gold narrative for now, or until whale investors like MicroStrategy cash out. Ki Young Ju, CEO of South Korean on-chain analytics resource CryptoQuant, took to Twitter on Thursday to report that his platform has not observed any “significant on-chain activities” as of 11:00 am UTC. Institutional investors who bought Bitcoin via on-chain transactions do not seem to have sold their holdings yet, Ju…

The Next Frontier: Digital Assets for Retirement

“With institutions and more advised assets entering the space, volatility will decline,” said David Abner, global head of business development at Gemini, a crypto exchange and custodian. “We’ll see more stability. Recently, bitcoin set a new baseline around $40,000 and it’s now bounced above it. What I see is that more and more investors are positioned with a long-term outlook. We see lower volumes on sales during downdrafts over time, that means that many are either holding (or HODLing) or adding to their positions.” Source

China’s Supreme Court adds digital currency to list of illegal fundraising methods

China’s hardline policy on crypto took another turn on Thursday as the country’s Supreme Court revised its judicial interpretation for illegal fundraising to include digital currency transactions. The Chinese Supreme Court issued a revised version of its “Decision on Amending the Interpretation of the Supreme People’s Court on Several Issues Concerning the Specific Application of Law in the Trial of Criminal Cases of Illegal Fund Raising.” Just In: For the first time, the Supreme Court of China has included virtual currency transactions in the judicial interpretation of illegal fundraising, which…

Stock Exchange of Thailand to Launch Digital Asset Exchange ‘Very Soon’ – Exchanges Bitcoin News

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The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Thai bourse expects the country’s crypto regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch “very soon.” Stock Exchange of Thailand Prepares to Launch a Digital Asset Exchange The president of the Stock Exchange of Thailand (SET), Dr. Pakorn Peetathawatchai, discussed the SET’s upcoming digital asset exchange in an interview with Bloomberg, published Sunday. He explained: We expect that our regulator, the SEC, will give an approval very soon,…

The case for bitcoin as ‘digital gold’ is falling apart

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Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two breakaway regions in eastern Ukraine, shortly after declaring them as independent. Bitcoin is often referred to as “digital gold” by its backers. The term refers to the idea that bitcoin can provide a store of value similar to…

Here’s how Thai Stock Exchange plans to connect crypto with its digital asset platform

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The Stock Exchange of Thailand (SET) is looking at launching a new digital asset exchange integrated with the cryptocurrency market, according to president Pakorn Peetathawatchai. The SET is expecting to launch its own digital asset exchange in 2022, planning to enable new exposure options like investment tokens and utility tokens, Peetathawatchai said in a Bloomberg interview on Sunday. While the SET’s upcoming digital asset exchange will not be directly related to crypto markets, the platform will still have something to do with cryptocurrencies like Bitcoin (BTC). The stock exchange will…

Russia’s Finance Ministry introduces digital currency bill, brushes off central bank’s objections

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Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank (CBR) by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Monday, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction to the parliament for consideration. The agency cited the “formation of a legal marketplace for digital currencies, along with determining rules for their circulation and range of participants” as the…