Category Archives: Cryptocurrency News

RBI: “digital currencies of central banks can become an alternative to fiat currencies”

The Reserve Bank of India published a report on the country’s banking industry trends, in which it raised the issue of launching its own digital currency. Depending on the use cases, central bank digital currencies can become a complex financial instrument, as stated in a document submitted by the Reserve Bank of India (RBI). Government stablecoins can be used to efficiently conduct international payments, so in the future they can become a safe, reliable and…

The Overview of Forex Trading, Scam, and Recovering Lost Funds

Forex trading, also known as foreign exchange (FX) trading or currency trading, is a futures and options contract based on the price difference between two currencies. It involves the buying and selling of one currency for another. This can be done with other agreements such as stocks, bonds, commodities, ETFs, etc., but most people trade forex because of its high liquidity and low counterparty risk. How does Forex Trading work? Forex traders use computers called…

Venezuelan oil company retirees for Christmas will receive a bonus in cryptocurrency

The Venezuelan government has decided to support the distinguished former employees of the state oil company PDVSA and pay them a bonus in the national cryptocurrency Petro. According to local newspaper Banca y Negocios, since December 23, a group of retirees of the Venezuelan oil company PDVSA for special services to the enterprise began to receive a Christmas bonus of 2 PTR, which is 516.56 Venezuelan bolivars (more than $ 112). Seniors will receive this…

Sheila Warren: in 2022, the US will become a key regulator in the cryptocurrency market

Sheila Warren, deputy head of the Center for the Fourth Industrial Revolution of the World Economic Forum (WEF), believes that the US authorities are now devoting a lot of time to the law on the regulation of cryptocurrencies. Sheila Warren, host of the popular Money Reimagined podcast series, said the US will have the biggest impact on the crypto industry in 2022. “If last year I predicted that China will influence the cryptocurrency market more…

Santa Floki Token grew by 6,000% after tweet by Elon Musk

A post from Tesla CEO Elon Musk on Twitter drew attention to the previously almost unknown Santa Floki token – its rate rose 6,000%. Santa Floki (HOHOHO) is the next dog token on the Binance Smart Chain, but it does have some quirks. According to the project’s White Paper, token holders receive 4% of HOHOHO transaction fees. At the moment, the total amount distributed among token holders is 304,800 BUSD. Elon Musk did not describe…

ReasonLabs warned about malware with a “Russian trace”

Cybersecurity firm ReasonLabs has reported hidden Monero mining malware in pirated copies of the latest Spider-Man movie. ReasonLabs warned that users who are trying to download illegal copies of the movie “Spider-Man: No Way Home” from torrent sites can download the infected file “spiderman_net_putidomoi.torrent.exe”. Given the name of the file, ReasonLabs believes that its source “is most likely a Russian torrent tracker.” According to cybersecurity experts, after getting on the victim’s device, the malware adds…

SEC rejected applications for bitcoin ETFs from Valkyrie and Kryptoin

The US Securities and Exchange Commission has rejected applications from Valkyrie and Kryptoin to launch Bitcoin-linked ETFs. According to the Commission, the changes to the NYSE Arca and Cboe BZX rules for listing and trading the products of these companies do not meet the requirements of section 6 (b) (5) of the US Stock Exchange Act. The regulator noted that stock exchanges are required to prevent fraudulent activities and market manipulation to protect investors and…

NBER: the share of illegal transactions in BTC does not exceed 3%

The National Bureau of Economic Research (NBER) published a report refuting the information that 46% of the volume of transactions in bitcoin are associated with illegal activities. The NBER posted a report stating that the share of illegal transactions in BTC is no more than 3%. On the other hand, researchers argue that the volume of bitcoins used in exchange trading, which is mostly speculative, accounts for about 80% of the total volume of cryptocurrencies.…

Bankhaus Scheich sells confiscated cryptocurrency worth € 100 million

The Frankfurt Prosecutor General’s Office announced a partnership with Bankhaus Scheich to legalize and resell the confiscated cryptocurrency, in which assets worth € 100 million were sold. Since cryptocurrencies are associated with cybercrime, they are considered “dirty coins” and cannot be traded on exchanges. Therefore, the German prosecutor’s office together with Bankhaus Scheich have developed special mechanisms for its legalization. Senior Attorney Jana Ringwald said: “Cryptocurrencies have become a means of payment for cybercriminals. Therefore,…

Developing countries in Africa and Asia have the highest level of cryptocurrency adoption

The analytical company Chainalysis conducted a study, according to the results of which the adoption of cryptocurrencies in Africa and Asia is facilitated by the widespread adoption of P2P platforms. The Chainalysis report says the Global Cryptocurrency Adoption Index for 2021 is up 880% thanks to the use of P2P platforms that drive digital asset adoption in emerging markets. Analysts reported that 6 of the 10 countries with the highest cryptocurrency adoption rates are in…