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HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK

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HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies. Nationwide’s Crypto Purchase Restrictions British financial institution Nationwide Building Society allegedly sent an email … Read more

World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances

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World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.” While claiming that crypto is for those who “want to have a kick out of gambling,” he noted that it could be useful for remittances. Sir Tim Berners-Lee on Crypto Sir Tim Berners-Lee, the British computer scientist who is widely … Read more

What Is Smooth Love Potion (SLP) Crypto Price Prediction for 2023/2025/2030

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The boom of GameFi and non-fungible tokens has resulted in the emergence of many in-game digital assets and cryptocurrencies that promote player engagement. Most of these games, which are part of the Metaverse, have gone a step further by creating cryptocurrencies that drive their virtual economies. Axie Infinity with its cryptocurrency and in-game asset called … Read more

Chainalysis: Crypto Scam Revenue Dropped 46% in 2022

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Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto … Read more

US State Regulator Launches Crypto Scam Tracker

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The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.” California Regulator’s Crypto Scam Tracker The Department of … Read more

Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’

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Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX … Read more

Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange

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The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS … Read more

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help

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Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever made,” said Norway’s Økokrim. Norway and FBI Recoup Some Stolen Funds From … Read more

Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea

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Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm … Read more