Crypto

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India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

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India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography … Read more

UK Bill Recognizes Digital Assets as Personal Property Under New Law

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The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions … Read more

Analysts Anticipate Altcoin Outperformance and Bullish Q4

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Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts … Read more

State Regulator Warns of Crypto Fraud After Investor Loses $750K

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The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous demands for taxes and fees. Washington Investor Scammed Over $750,000 in Crypto Mining … Read more

$TIA Faces Major Unlock Event: Can It Survive The Incoming Supply Surge?

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Despite a significant drop of 80% from its all-time high (ATH), $TIA remains double its value since its initial listing. However, the token is facing concerns due to a looming token unlock, which could spark a market crisis. Key Figures 🗝️: $TIA currently holds a circulating market cap of approximately $870 million, representing just 20% … Read more

WazirX Hackers Funnel $11M In Stolen ETH Through Tornado Cash

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The hackers behind the July WazirX breach, believed to be tied to North Korea, have moved another $11 million worth of stolen Ethereum (ETH) into Tornado Cash, a cryptocurrency mixer that obscures transaction trails. In the latest move, over 5,000 ETH was transferred to a new wallet, with $1.2 million laundered through Tornado Cash across … Read more

$TON Network Achieves Major Growth Milestones Amidst Increased User Activity

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The $TON Network has hit impressive new benchmarks over the past two weeks, recording 1.1 million daily active user addresses and an astonishing 14.4 million daily transactions. This surge in activity coincides with the recent success of $DOGS, which made history with the largest meme Token Generation Event (TGE) ever, attracting 53 million participants and … Read more

Binance Futures Listing Drives RPL Price Surge, Investment Firm 1kx Takes Profits

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The influence of Binance futures listings on token prices continues to be impressive. Following Binance’s announcement of the launch of RPL futures contracts yesterday, Rocket Pool’s native token, RPL, saw a sharp price increase of 28%. Seizing this opportunity, investment firm 1kx Network capitalized on the price jump, selling 203,319 RPL worth approximately $2.38 million. … Read more

Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks

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Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under current laws, buying or selling accounts may constitute a violation. Investigations are ongoing, and the … Read more

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

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Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. … Read more

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