a sort of electronic or virtual money It functions as regular money, such as dollars, pounds, euros, yen, and so on. However, it has no physical counterparts — banknotes or coins that can be carried about — and hence exists only in electronic form.
The Indian government will release a public consultation paper on comprehensive cryptocurrency regulations between September and October 2024, according to a new report from CNBC. The report revealed that a special panel, headed by the Secretary of the Department of Economic Affairs (DEA), will release the paper to gather input ...
Retail investing and trading platform Robinhood has announced its financial results for the second quarter of 2024, and cryptocurrency trading played a significant role in the company's impressive performance. Robinhood reported a 40% year-over-year surge in total net revenues, reaching $682 million. Transaction-based revenues led the charge, increasing 69% to ...
Ferrari plans to start accepting cryptocurrency payments from its European dealers by the end of July, following a successful rollout of the scheme in the U.S. According to a Reuters report, Ferrari will extend crypto payments to international dealers in regions where digital assets are legally accepted by the end ...
The European Union Agency for Law Enforcement Cooperation (Europol)’s latest report, has flagged significant concerns within the cryptocurrency ecosystem, particularly regarding non-fungible tokens (NFTs) and Bitcoin exchange-traded funds (ETFs). According to the “Internet Organised Crime Threat Assessment (IOCTA) 2024” report, while large-scale fraud involving NFTs has not yet materialised, the ...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has highlighted the uptick in the use of cryptocurrencies and related services for criminal activities in a recent report on money laundering trends. The 2024 AUSTRAC Money Laundering National Risk Assessment provides a detailed analysis of various money laundering methods, with a ...
Metaplanet Inc. has announced the creation of Metaplanet Capital Limited, a wholly-owned subsidiary in the British Virgin Islands (BVI), to optimize its Bitcoin-related financial strategies. The new entity, set to launch in July 2024 with an initial capital of US$10,000, will focus on holding Bitcoins and engaging in Bitcoin-related business ...
FTX, the bankrupt cryptocurrency exchange, is set to appeal to a judge on Tuesday, June 25, for permission to let its customers vote on a cash repayment plan. According to Reuters, the U.S. Bankruptcy Judge John Dorsey will hold a hearing to approve the plan to initiate the voting process ...
The U.S. Department of Justice (DOJ) has indicted two high-ranking members of the Mexican drug cartel, La Nueva Familia Michoacana, Rodolfo Maldonado-Bustos and Euclides Camacho-Goicochea, on charges of conspiracy to distribute and import heroin into the United States. The announcement, made on June 21, 2024, revealed that the cartel leaders ...
The Zimbabwean government has asked for public input from stakeholders as it tries to develop regulations for the use of cryptocurrency in the country. According to a Bloomberg report, the government announced on Wednesday, June 12, that all cryptocurrency service providers, both domestic and international, offering services to Zimbabwean customers ...
Blockchain analytics platform CoinGecko has confirmed that its third-party email management platform GetResponse was a victim of a data breach that exposed the contact details of over 1.9 million of its users. In a press release on June 7, 2024, the platform explained that the breach was a result of ...
