Category Archives: Cryptocurrency News

The Australian regulator presented a plan for the development of rules for the crypto industry

The Australian Prudential Regulatory Authority has outlined a strategy for developing regulations to oversee the digital asset industry and manage associated risks. Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres sent a letter to the entities regulated by the agency. The letter outlines the steps APRA intends to take to mitigate new risks associated with the industry’s rapid growth. APRA suggested that before providing services to companies operating in this sector, organizations conduct their due…

Sanctions are not for everyone: which crypto exchanges continue to work with Russians

Cryptocurrency trading platforms, one after another, limit Russian clients. However, not everyone does this. We publish the complete list. The US Treasury Department and the European Central Bank announced in early April that sanctions against the Russian economy would be useless unless access to cryptocurrency platforms was cut off from the world market. The American crypto exchange Coinbase said it would comply with the requirements of the White House and blocked 25,000 customer addresses from…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

AUSTRAC reported an increase in the number of cryptocurrency-related crimes

The Australian Center for Accounting and Analysis of Financial Transactions (AUSTRAC) reported that with the development of the digital asset industry, cases of their use for illegal purposes have become more frequent. “Cybercrime is a growing threat to Australians. According to the Australian Cyber ​​Security Center (ACSC), 500 ransomware attacks were reported in fiscal year 2020-2021, up almost 15% from the previous year,” the report says. The report was published just after the regulator issued…

Sports platform NFT Rario raised $120 million in funding

Cricket marketplace NFT Rario has closed a $120 million funding round. Singapore-based cricket-themed non-fungible token (NFT) trading platform Rario has announced the closing of a $120 million funding round, the company announced in a blog post. The funding round was led by Indian fantasy sports company Dream Sports. With the funding, Rario will now offer NFTs to the 140 million users of the Indian platform. Given the attention of Indian regulators to cryptocurrencies, the site…

SIBAN Association: Nigerian authorities must stop demonizing blockchain

The Blockchain Association of Nigeria (SIBAN) called on government agencies and banks not to refuse service to companies operating in the crypto industry. SIBAN believes that financial institutions should not use the Central Bank of Nigeria’s bias towards cryptocurrencies as a reason to refuse service to blockchain companies. SIBAN reminds that blockchain technology is not only about cryptocurrencies. Cryptocurrencies are created, stored and transferred using this technology, but the blockchain can be applied in such…

Coinbase NFT opened access to registered users of the exchange

Trading platform Coinbase, after six years of development, launched beta testing of a platform for trading non-fungible tokens based on Ethereum. Cryptocurrency exchange Coinbase announced in its blog that it has launched testing of the beta version of its own platform for NFTs. Coinbase Vice President of Ecosystem Products Sanchan Saxena said that any user can take part in testing the new platform. “We are taking the first step on this path by releasing our…

US warns of North Korea’s cryptocurrency scam

The US government has accused North Korean hackers of attacking US technology companies to steal digital assets. The US Department of the Treasury, together with the FBI and the Cybersecurity and Infrastructure Security Agency (CISA), issued a cybersecurity advisory warning of North Korean hack attacks on the blockchain and cryptocurrency industry. The recommendations say that the US government has long watched as North Korean cybercriminals prey on organizations working in the field of new technologies.…

FATF intends to tighten supervision of AML compliance in the crypto industry

The Financial Action Task Force (FATF) believes that more than half of jurisdictions do not comply with AML in relation to crypto companies. The group has posted a FATF State of Performance and Compliance report stating that nearly half of the countries still do not require cryptocurrency service providers to properly identify customers under anti-money laundering and terrorist financing (AML) regulations. The FATF has promised to strengthen monitoring of member countries, including the US, China…

Iranian authorities will tighten the punishment for unlicensed mining

In the Islamic Republic of Iran, they are going to pass a law according to which the illegal use of electricity for the extraction of cryptocurrencies is punishable by a large fine and prison. Mohammad Khodadadi Bohlouli, a spokesman for the state-owned electric power company Tavanir, said the tougher penalties include a minimum of three to a maximum of five times fines, imprisonment, and, in the event of a repeat violation, revocation of business permits.…