cryptocurrency Archives - Slots.gg

The UAE just opened a fully functional government office in the metaverse

The Ministry of Economy of the United Arab Emirates (UAE) has declared the addition of another address in a virtual universe towards its drive into the Metaverse. The third office of the government agency will offer an immersive experience for governments and global enterprises as well as general people to communicate and collaborate, according to […]

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China busts massive $5.6B cryptocurrency gambling ring, arrests 93

Recently, authorities in China’s Hunan Province busted a criminal group using cryptocurrency to launder $5.6 billion as part of a larger illegal gambling operation. The country has a long-standing ban on all forms of gambling, except in its special administrative region of Macau. It also banned cryptocurrency trading a year ago. Police in Hengyang, located […]

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Brazilian cryptocurrency exchanges investigated for possible money laundering

With the support of the Brazilian tax authority and the Federal Police of Brazil on September 22, the Brazilian Federal Police have launched Operation Colossus’ final stage. This investigation has more than four years of historical background. The authorities have executed over 100 court orders targeting six cryptocurrency exchanges and four forex operators, as well […]

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YouTube cryptocurrency scam streams on the rise in 2022

In the first half of 2022, the number of domains used for cryptocurrency scams has increased by fivefold. Group-IB, an online security company based in Singapore, reported that the number of domains used to welcome YouTube scammers has increased fivefold over the past half-year. These domains have been registered more than 2,000 times. Most of […]

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The Ethereum Merge is now complete as the blockchain moves to proof-of-stake

After a long wait, the Ethereum Merge was completed on Thursday morning. It took place at the Terminal Total Difficulty of 58750000000000000000000, finally moving the network from a proof-of-work (PoW) to a proof-of-stake (PoS) mechanism. Naturally, the community was thrilled about the upgrade. Vitalik Buterin, Ethereum founder, took to Twitter to celebrate the milestone. Since […]

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Brazil’s securities regulator pushing for changes to cryptocurrency bill

The Brazilian Securities and Exchange Commission (CVM, for its Portuguese acronym) is pressing for changes to the cryptocurrency bill. This will clarify how virtual assets in Brazil will be treated. This new directive is a departure from the previous administration that had not made any proposals about this bill. The CVM specifically requests that the […]

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Survey shows 76% of global banks are considering embracing cryptocurrencies

The cryptocurrency market is maturing, although perhaps not as fast as some would like. Still, the adoption rate of cryptocurrency is increasing. Global financial institutions are using crypto to increase their access to financial services and speed up transactions. They are also exploring crypto as a way to reduce costs and friction in the financial […]

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Regulated cryptocurrency in Brazil is gaining ground

Several countries are forging a path to legitimize cryptocurrencies. Brazil is one, but its direction is more circuitous. The latest information on tax filings includes a record number of crypto statements, an indication that the path toward regulation is becoming clearer. The Brazilian tax authority (RBF, for its Portuguese acronym) has reported more than one […]

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Ethereum Merge begins, promises to reduce environmental impact by 99%

The Bellatrix upgrade was made available to the Beacon Chain today. This is part of Ethereum’s Merge, which will eventually transform the cryptocurrency blockchain from a proof-of-work (PoW) consensus system to proof-of-stake (PoS), and drastically reduce its environmental impact. The Ethereum mainnet, or the public network used by everyone, and the Beacon Chain are currently […]

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Head of Turkish crypto exchange who allegedly stole funds found in Albania

The Turkish Interior Ministry announced Tuesday that its search for the founder of cryptocurrency exchange Thodex is over. Faruk Fatih Ozer is suspected of having fled Turkey along with the assets of his exchange clients and has been arrested in Albania. Turkey issued an international warrant of arrest in April 2021 for Ozer, who fled […]

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