Tag: Report

Atomic Wallet exploited, users report loss of entire portfolios

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Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.  “We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly,” said Atomic’s team on Twitter on June 3. A number of users have commented on the post reporting losses, claiming funds were wiped out from their digital wallet…

Brazil’s crypto exchange Mercado Bitcoin licensed as payment provider: Report

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Cryptocurrency exchange Mercado Bitcoin was granted a payment provider license from Brazil’s central bank on June 2, according to local media reports. With the license, the company will launch its fintech solution MB Pay. “The approval of the Central Bank is a crucial step, as it allows us to continue expanding our business and providing a better service to our customers,” said Roberto Dagnoni, CEO of 2TM, the parent company of Mercado Bitcoin. As a payment institution, MB Pay can provide Brazilian users with certain digital banking services using crypto…

Stock Futures Soar as May Job Report and Debt Ceiling Passage Shows Promises

The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures. In an exciting development, US stock futures have continued to soar as traders make meaning of the highly anticipated May jobs report and celebrated the passing of a debt ceiling bill by United States lawmakers. According to reports, futures on the Dow Jones Industrial Average (INDEXDJX: .DJI) rose by 180 points or 0.5%. Similarly, futures connected to both the S&P 500 (INDEXSP: .INX) and Nasdaq 100 both rose by 0.5%. These bullish signs set…

Bitcoin Price (BTC) Bounces Back to $27K Ahead of Jobs Report

Bitcoin climbed nearly 1% to back above $27,000 ahead of U.S. government’s Nonfarm Payrolls report set to release at 8:30 AM ET. The jobs report is expected to show that the economy added 180,000 jobs in May versus 253,000 in April. On Thursday, stocks continued to move higher as the debt ceiling drama mostly moved into the rearview mirror. Gold also inched upward, with some analysts predicting the jobs report might push the metal back above $2,000. As the week draws to a close, top performing digital assets include Quant…

Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Report

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The co-founder of referral-based crypto project ONFO coin who went missing in Missouri on May 21, has been found dead around a week later on May 30 with an apparent gunshot wound, though police don’t currently suspect foul play.  Dr. John Forsyth, a crypto advocate and emergency room doctor was feared missing by relatives after not showing up to his shift at the Mercy Hospital in Cassville. His family launched an appeal on his whereabouts on social media soon after. Speaking to the Daily Beast at the time, his younger…

Russia Abandons Plans for State-Run Crypto Exchange, Puts Focus on Regulating Centralized Platforms: Report

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Russia is reportedly giving up on plans to launch a state-owned crypto exchange and is instead expected to regulate private ones. According to a new Izvestia report, Russia’s Ministry of Finance rejected the idea of establishing a national crypto exchange, after the idea was discussed late last year. Says Ivan Chebeskov, director of the financial policy department of the Ministry of Finance of the Russian Federation, “The Ministry of Finance did not support the establishment of one national crypto-exchange, rather there was an idea to legally regulate the possibility of…

CNHC stablecoin issuer detained by Chinese police: Report

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The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. Employees of Trust Reserve — the issuer of the Chinese yuan-pegged stablecoin CNH Coin (CNHC) — have been detained by Chinese police, the local blockchain publication PANews reported on May 31. According to the report, Trust Reserve employees have been out of reach since the afternoon of May 29 due to multiple arrests. Some employees’ family members have reportedly been notified about the detentions. PANews also learned that…

Binance considers allowing traders to secure collateral at banks: Report

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Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg.  Binance is discussing a proposal to let some customers keep their collateral for margin trading in a bank account, which could reduce counterparty risk https://t.co/IGnLqASBuA — Bloomberg Crypto (@crypto) May 30, 2023 This move comes in response to demands from institutional digital-asset traders for increased security measures following the collapse of FTX late…