Tag: Report

Bitcoin white paper quietly removed by Apple from latest MacOS beta: Report

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The world’s largest tech company has quietly removed the Bitcoin (BTC) white paper from the latest beta version of its operating system upgrade. On April 25, the Apple-focused news site 9to5Mac reported the Big Tech firm had removed a test scanner app called Virtual Scanner II in the latest MacOS Ventura 13.4 beta, and subsequently, the Bitcoin white paper is gone. As reported by Cointelegraph, an April 5 blog post from technologist Andy Baio revealed that a PDF copy of Satoshi Nakamoto’s Bitcoin white paper PDF had shipped with every…

BTC Falls to $27,000 Ahead of US Consumer Confidence Report  – Market Updates Bitcoin News

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Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached a breakout below the $1,800 level. Bitcoin Bitcoin (BTC) continued to trade near a one-month low, as markets prepared for the upcoming consumer confidence report in the United States. Following a high of $27,701.26 during yesterday’s session, BTC/USD fell to a…

ECB considers digital euro access, distribution in third design progress report

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The European Central Bank (ECB) released its third progress report on digital euro design on April 24. This time the bank looked at access and distribution options that have been endorsed by the ECB’s Governing Council.  Convenience is clearly a priority for access to the potential digital euro. Digital euro users would be onboarded by payment service providers (PSPs) following their established procedures, such as Know Your Customer verification. Initially, euro area residents, merchants and governments would be onboarded, with consumers in the European Economic Area and selected third countries…

Crypto Exchange Binance Lifts Restrictions on Russian Visa and Mastercard Users and Transactions: Report

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When Binance announced the 10,000-euro limit for users inside Russia, it stated “the EU’s fifth package of restrictive measures against Russia” required the limitations. While the sanctions are still in place, this restriction no longer exists on Binance, according to media reports, and neither does the Russian bank cards ban. Last month, however, Binance prohibited peer-to-peer (p2p) trades in dollars and euros for Russian citizens and residents, leaving only the Russian ruble option. The Binance spokesperson confirmed this restriction remains. Source

Bank of Korea given right to investigate local crypto firms: Report

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The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further discussions on virtual asset legislation in the country. On April 20, local media outlet The Korea Herald reported the Bank of Korea (BoK) will be given the right to investigate operators of cryptocurrency-related businesses. The South Korean central bank has been competing with the country’s financial regulator, the Financial Services Commission (FSC), over crypto jurisdiction. However, the FSC will have the final say in governing…

Celsius auction has Gemini and Coinbase as new bidders: Report

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Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids.  Court documents show that one of the consortium is Fahrenheit, backed by venture capital firm Arrington Capital, which is owned by blockchain investor Michael Arrington. Other participants in the consortium are Proof Group Capital Management, former Algorand CEO Steven Kokinos and investment banker Ravi Kaza. Michael Arrington mentioned…

Zimbabwe’s central bank to issue gold-backed digital currency: Report

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The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government initiative to stabilize the local currency from its depreciation against the United States dollar.  According to a report from local media Sunday Mail, the move will allow small amounts of Zimbabwe dollars to be exchanged to the digital gold token, enabling more Zimbabweans to hedge against the currency volatility. Central bank governor John Mangudya said the plan intends to “leave no one and…

Biden’s comms director barred from former crypto clients: Report

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United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation. According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.” Decentralized exchange UniSwap and venture capital firm Andressen Horowitz – an early investor in Coinbase Global Inc – were both former clients…

Brazilian authorities investigate Binance for guiding clients past stop order: Report

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Binance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor Econômico newspaper. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments. According to the newspaper, the Brazilian Securities and Exchange Commission (SEC) reported to the Attorney General of the State of São Paulo that Binance may have continued to offer cryptocurrency derivatives to its clients after the SEC had issued a stop order on those offerings in 2020. Futures contracts are considered securities…