As Russia’s war on Ukraine intensifies, the US and its allies have continued to increase their economic pressure on the Russian government, to isolate the country further from the global financial system and debilitate its military capacity. Western allies have
Tag: Cryptocurrency
Justice Department Appoints First Director of National Cryptocurrency Enforcement Team
The U.S. Department of Justice (DoJ) earlier this week appointed Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET) it established last year. The NCET was created to tackle the criminal misuse of
Cryptocurrency is like ‘Ponzi scheme’ and banning it is ‘perhaps the most advisable choice’, says India’s Central Bank
A top official of India’s central bank has compared cryptocurrency to “Ponzi scheme” and suggested an outright ban in its sharpest criticism just weeks after the government proposed taxation of the virtual digital asset and paved way to recognize it as
Virtual reality cryptocurrency soars following Facebook’s rebrand
MANA-mania sweeps the worldwide cryptocurrency market, on the heels of Facebook’s “Meta” rebrand. The price of Decentraland’s MANA — a decentralized 3D virtual reality platform supported by the Ethereum blockchain — soared to a high of $4.33 at 6:30 p.m.
Coinbase says U.S. should create a new cryptocurrency regulator
Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images The U.S. should create a new regulator to oversee digital asset markets, Coinbase said
Bitcoin: What I Hate, Love, and Fear About the Cryptocurrency
Bitcoin was born on 3rd January 2009, when its genesis block (block zero) was mined. The first transaction took place on 12th January between “Satoshi” and Hal Finney. Bitcoin’s first “value” was set as 1309.03 bitcoins for $1. That’s right,
Cryptocurrency Adoption in Emerging Markets Can Threaten Financial Stability, Says IMF
The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on Friday. Bitcoin and its kin have in the last year
Cryptocurrency launchpad hit by $3 million supply chain attack
SushiSwap’s chief technology officer says the company’s MISO platform has been hit by a software supply chain attack. SushiSwap is a community-driven decentralized finance (DeFi) platform that lets users swap, earn, lend, borrow, and leverage cryptocurrency assets all from one place. Launched earlier