Tag: Issues

Crypto expert issues a warning on Bitcoin’s momentum, says the bullish trend depends on …

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto expert warns Bitcoin’s rise depends on a key factor that could shift market direction. A leading figure in the cryptocurrency world has issued a cautionary note about Bitcoin’s recent rise. According to the expert, the continuation of this upward movement depends on a crucial element that could sway the market’s direction. This insight may hold significant implications for those keeping a close eye on the digital currency’s…

Sorry not sorry? Financial Times’ Alphaville issues apology for Bitcoin bashing

The Financial Times’ Alphaville blog issued a rare, snarky, and semi-humorous apology to readers, addressing its longstanding skepticism toward Bitcoin.  Since June 2011, Alphaville has consistently characterized Bitcoin (BTC) as a “negative-sum game” with limited utility, often describing its price as more reflective of hype than intrinsic value. But, with Bitcoin recently surpassing $100,000, the publication issued a lighthearted apology for its previous coverage that may have deterred readers from investing. In its apology, Alphaville acknowledged the impact its coverage may have had on readers’ investment decisions. “We’re sorry if…

Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto Exchanges

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Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s financial regulator, announced Nov. 29 that it has issued warning letters to five cryptocurrency exchanges it accuses of operating without registration. The five crypto exchanges […] Source

Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX

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The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation. “The WazirX team and Nischal Shetty continue to mislead WazirX customers and the market regarding the relationship between WazirX and Binance. Binance has not owned, controlled, or operated WazirX at any time, including before, during, or after the July 2024…

Surrey Police show a “lack of seriousness about their obligations” as ICO issues enforcement notice over FOI failures

Enforcement notice issued to Surrey Police over Freedom of Information backlog Compliance rate declined 15% in just one year Oldest outstanding request at over two years, when responses are typically expected within twenty working days We have today issued an enforcement notice to Surrey Police after the force repeatedly failed to meet its obligations under the Freedom of Information Act 2000 (FOIA). The notice comes in response to a significant and worsening backlog in Surrey Police’s handling of Freedom of Information (FOI) requests, which has resulted in a compliance rate…

Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Involved

Last month, CoinDesk reported that KfW, the largest development bank in Germany, teamed up with Boerse Stuttgart Digital (BSD) in preparation for a digital bond issuance. Italy’s state-owned development bank Cassa Depositi e Prestiti SpA (CDP) and lender Intesa Sanpaolo also completed a bond issuance on Polygon in July. Both issuances were part of ECB trials. Source link

Peru Issues VASP Regulation, Strengthens AML/TF Requirements

The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid criminals to use these platforms for illicit purposes. […] Source CryptoX Portal

FBI Issues Alert, Warns of Scammers Posing As Crypto Exchange Employees To Steal User Funds

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The U.S. Federal Bureau of Investigation (FBI) issued a warning to crypto traders last week about scammers who steal funds by posing as exchange employees. The FBI notes that these fraudsters will contact victims and pretend there are problems with their exchange accounts. The scammers, acting like exchange employees, will stress urgency, often claiming a hacker is trying to compromise the victim’s account, in a bid to convince the victim to provide personal information to “protect” their funds. The FBI encourages traders to never provide their account log-in information to…

Crypto Exchange Giant Bybit Pulls Services From France Amid Regulatory Issues

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The crypto exchange giant Bybit pulled trading services from France this week due to regulatory issues. Bybit announced on Thursday that all accounts associated with French nationals and residents would shift to “close-only mode” the following day, blocking users from adding to or opening new positions. The exchange encouraged users to move their assets and funds to different accounts and noted that all remaining open positions would be liquidated on August 13th. From that point onward, French users will only be able to make withdrawals. The Autorité des Marchés Financiers,…