Archives for: December 26th, 2022

Cryptocurrency exchange BitKeep loses $8M in hack

Written by: ( December 26, 2022 )

The latest attack on a decentralized finance (DeFi) network has stolen more than $8 million in cryptocurrency from BitKeep users’ wallets. The company confirmed the attack after BitKeep users reported their funds were being transferred without any activity from them. At the time of the report, transfers were still being made, and it is not […]

Brazil adopts new cryptocurrency laws following approval of legislation

Written by: ( December 22, 2022 )

Cryptocurrencies have just been recognized as a legitimate means of payment in Brazil. As one of his final acts before vacating office, President Jair Bolsonaro gave his approval to a bill that aims to regulate providers of virtual assets and the use of said asset class in the country. The Chamber of Deputies approved the […]

UK consumers want cryptocurrency as a payment option on Amazon

Written by: ( December 20, 2022 )

Although crypto prices have plummeted, a quarter of British consumers would like Amazon to accept cryptocurrency as a payment method. In addition, over a third of the country’s population now owns cryptocurrencies, according to the Cryptocurrency on the High Street Report by VoucherCodes.co.uk. When Brits are looking for places to spend cryptocurrency, they most often […]

Microsoft pulls the plug on using its cloud for cryptocurrency mining

Written by: ( December 16, 2022 )

Microsoft has updated the Universal License Terms for Online Services with a new regulation that won’t make some cryptocurrency fans happy. The new usage policy prohibits cryptocurrency mining in the company’s online services. Specifically, Microsoft warns that no client can access an online service to mine cryptocurrencies, something that seems to be an alternative to […]

Germany’s leading financial regulator wants global cryptocurrency regulations ASAP

Written by: ( December 14, 2022 )

Germany’s top regulator is calling for global regulation of cryptocurrencies. Mark Branson, the head of the country’s financial market regulator BaFin, believes that regulating the cryptocurrency industry is necessary to protect consumers and prevent money laundering. He says that the current self-governing approach is not an adequate strategy and has led to the creation of […]

Kim Kardashian, Floyd Mayweather safe in lawsuit over EthereumMax cryptocurrency

Written by: ( December 8, 2022 )

A federal judge has dismissed a proposed lawsuit filed against EthereumMax founders and celebrity endorsers, such as Kim Kardashian and boxer Floyd Mayweather Jr. who used social media to promote the EthereumMax cryptocurrency. It’s a temporary victory, as the suit could be refiled. Investors who bought EMAX tokens allege they’ve suffered losses after taking the […]

UK close to launching new cryptocurrency industry regulations

Written by: ( December 6, 2022 )

The UK Treasury is getting ready to release new laws that will regulate the cryptocurrency industry, including provisions for how to deal with the collapse of a business, restrictions on marketing products, and limitations to stop companies from marketing in the country. Under the new regime, ministers will soon launch a consultation on the implications […]

Brazil lawmakers approve bill to recognize Bitcoin as money

Written by: ( December 1, 2022 )

Brazil’s lawmakers have approved a bill to establish a framework for digital currency use in Latin America. Brazilians will soon be able to use Bitcoin to pay for their purchases and digital assets will also be recognized as an investment assets. House Bill 4401/21 establishes an agency to supervise the Brazilian cryptocurrency market. This includes […]

Bitget turns to Messi to boost cryptocurrency confidence

Written by: ( November 29, 2022 )

Bitget, a leading global cryptocurrency exchange, announced a series of marketing campaigns featuring Lionel Messi and the launch of a brand film to commemorate the 2022 World Cup. Bitget plans to reward users with rewards and market sentiment, and to reignite confidence and enthusiasm in the crypto industry by investing $20 million behind the face […]

BitPanda to offer cryptocurrency holding and trading in Germany

Written by: ( November 24, 2022 )

Cryptocurrency custodial company and exchange BitPanda announced that it had been granted a cryptocurrency custody license by BaFin, Germany’s financial regulator. The announcement was published on BitPanda’s blog this week. This license allows the cryptocurrency exchange to legally market its services to persons who are not located in Germany after it has been acquired. BitPanda […]