Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin BalancesBitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s […]

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Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules ImplyThe financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority […]

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

Lido's Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market ValuationWith the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s […]

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Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec SaysBlockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment […]

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Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA

Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCAThe financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are Difficult to Fathom, Vulnerable […]

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Several Crypto Mining Operations Busted in Russia

Several Crypto Mining Operations Busted in RussiaAuthorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry. ‘Underground’ Crypto Mining Farms Shut Down Across […]

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Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking TurmoilA European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan […]

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Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able […]

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Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian Parliament Votes on Bill Opening Door for Digital RubleRussian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower […]

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