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EU securities watchdog to arm itself with crypto data

Editorial Bureau August 3, 2022

London(UK)-  The European Union’s securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a “Wild West” sector, a public tender document showed. While national regulators

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Crypto lender Celsius Network filed for bankruptcy

Editorial Bureau July 14, 2022

New York (USA)- Celsius has listed estimated assets and liabilities from $1 billion to $10 billion. On Wednesday, crypto lender Celsius Network said it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic price plunge. New Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis […]

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Cryptoverse: Shrimp and whales keep bitcoin afloat

Editorial Bureau July 12, 2022

The shrimp of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter. These two contrasting groups are both HODLers – investors in bitcoin as a long-term proposition who refuse to sell their holdings – and they are determined to push back the bears despite their portfolios […]

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Bank of England: Crypto crashes show need for tougher rules

Editorial Bureau July 6, 2022

London(UK)- The Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more than $2 trillion in value highlight the need for tougher financial regulations Bank of England said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto markets, including

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British Army’s social media accounts were hacked

Editorial Bureau July 4, 2022

YouTube and Twitter accounts were hacked to promote crypto scams, Both accounts have since returned to normal London(UK)- Both the British Army’s Facebook and Twitter accounts were hacked and used to promote cryptocurrency scams, the UK Ministry of Defence confirmed on Sunday. It’s unclear when exactly hackers took over the two accounts, but they both […]

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European Union inks deal on crypto transfer tracing rules

Editorial Bureau June 30, 2022

London (UK)- The European Union has agreed on new rules subjecting crypto transfer regulations to the same money-laundering rules as traditional banking transfers. EU negotiators signed a provisional agreement late Wednesday for the 27-nation bloc’s first rules on tracing transfers of crypto assets like bitcoin, which is aimed at clamping down on illicit transfers and […]

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Jury convicts Seattle woman in massive Capital One hack

Editorial Bureau June 18, 2022

A federal jury on Friday convicted a former Seattle tech worker of several charges related to a massive hack of Capital One bank and other companies in 2019. Paige Thompson, 36, a former Amazon software engineer who used the online handle “erratic,” obtained the personal information of more than 100 million people — a data […]

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Bitcoin plunges as major crypto lender halts operations

Editorial Bureau June 15, 2022

The price of bitcoin and other cryptocurrencies plummeted Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It’s the latest high-profile collapse of a pillar of the cryptocurrency industry. These meltdowns have erased tens of billions of dollars of investors’ assets and spurred

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Ethereum suffers brutal drop in value after investors dump $282 million

Editorial Bureau June 12, 2022

An aggressive sell-off has led to millions of dollars being wiped off the cryptocurrency’s valuation, while its overall price has plunged. The cryptocurrency ethereum, which is the second most valuable coin in the market after bitcoin, has experienced a brutal drop in value after an aggressive sell off by investors. Leading into the weekend, ethereum’s […]

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Scots Fintech Funding Could Reach £1bn Through New Investment

Editorial Bureau May 30, 2022

Investors from the global fintech sector could soon provide Scotland with hundreds of millions of pounds to boost fledgling startups. Edinburgh(Scotland)- A new project could see as much as £1 billion per year in Scots fintech funding from international investors to boost business portfolios. The plans are looking to create greater links between Scotland’s fledgling […]