Crypto

UK’s FCA dismisses criticisms over crypto authorisations

The UK’s FCA rejects criticism over the authorization of cryptocurrencies

Crypto firms are scrutinized by the FCA for their ability to stop their operations being used for money laundering or terrorist financing. Cryptocurrency companies have not been deterred by their failure to obtain licenses to operate in Britain and are making new applications, the Financial Conduct Authority said on Thursday. The FCA has been criticized …

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Weekly Crypto Roundup: Ethereum’s Merge, India’s fintech, and a new crypto exchange

Weekly Crypto Roundup: Ethereum’s Merge, Indian Fintech and New Crypto Exchange

While many cryptocurrency traders were hoping for a surge in the price of Ether after the long-awaited change, the first 24 hours after the merger saw Ether fall by more than 8% to around $1,470. This week, the second-largest blockchain by market capitalization switched from a proof-of-work method of mining and processing transactions to a …

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Crypto Weekly Roundup: Bitcoin’s year in El Salvador, safe returns for Ronin, and straight talk for Celsius

Crypto Weekly Roundup: The Year of Bitcoin in El Salvador, Safe Returns for Ronin and Straight Talk for Celsius

This week is special because September 7, 2022 is the first anniversary of El Salvador formally accepting Bitcoin as legal tender – the first country in the world to do so. The day before the law went into effect, the price of Bitcoin was over $50,000. However, on Friday it cost $20,634.97 El Salvador’s Bitcoin …

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Bitcoin’s no longer the king of the swingers

Bitcoin is no longer king among swingers  

Bitcoin’s wild price swings spell trouble for traders and exchanges, opening the door to its ethereal rival as it prepares to up its game by moving to a leaner, leaner blockchain. Bitcoin is called many things. Buzzy, glamorous, confusing, even fake. But never boring. Still, he’s been eerily subdued lately. The king of swingers uncharacteristically …

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Crypto Weekly Roundup: A California bill-in-waiting, NFTs on Facebook, CoinSwitch Kuber speaks out on ED search

Crypto Weekly Roundup: California pending invoice, NFTs on Facebook, CoinSwitch Kuber talks ED search

This week brought Bitcoin back below $20,000 on Saturday, while Ether fell back below $1,600. Most of the top fifty cryptocurrencies and tokens by market capitalization also posted weekly losses as the sector grapples with more regulatory crackdowns. California Crypto Bill Awaits Signing This week, cryptocurrency investors focused on California, where the Digital Financial Assets …

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Weekly Crypto Roundup: Indian search parties, stolen NFTs, and courtroom battles

Weekly Crypto Roundup: Indian Search Actions, Stolen NFTs and Courtroom Battles

Despite the euphoria surrounding the Ethereum Merge in recent days, the price of the crypto market’s biggest assets, Bitcoin and Ether, has fallen this week. Bitcoin traded slightly above $20,000 and Ether just below $1,500 on Saturday. Project founders and managers have experienced more turbulence than cryptocurrency traders. No stone will be left unturned Indian …

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In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world: U.N.

In India, 7.3% of the population owned a digital currency in 2021, the seventh highest in the world: UN.

Ukraine ranks first with 12.7%, followed by Russia (11.9%), Venezuela (10.3%), Singapore (9.4%), Kenya (8.5%) and the US (8.3%) ). More than seven percent of India’s population owns the digital currency, according to the United Nations, which said cryptocurrency use has grown at an unprecedented rate worldwide during the COVID-19 pandemic. The United Nations Trade …

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Weekly Crypto Roundup: titans clash, hacks continue, and sanctions hit home

Weekly Crypto Roundup: Titans Clash, Hacking Continues and Sanctions Hit

The week ended with Bitcoin (BTC) just below $24,000, as it was last week. And Ether (ETH) jumped 24% this week to remain below $1,900. However, the main crypto events of the past few days have had more to do with crypto exchanges and their owners The Binance-WazirX Clash India’s Enforcement Directorate (ED) has frozen …

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FDIC urges banks to police misleading crypto claims on deposit insurance

FDIC urges banks to watch for misleading crypto deposit insurance claims

The US banking regulator is urging banks that do business with cryptocurrency companies to make sure customers know which of their funds will be insured by the government in the event of a collapse and which have no safety net. The Federal Deposit Insurance Corporation (FDIC) said on Friday that it is concerned that consumers …

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