The Financial Markets Authority (FMA) of Austria believes that due to the proliferation of fraud with cryptoassets, the requirements for the cryptocurrency business need to be tightened. According to the Austrian regulator, more than 60% of the reported fraud cases in the country are related to cryptocurrencies. To attract gullible users, attackers use Telegram and TikTok to place advertisements. FMA employee Klaus Grubelnik said the agency sees an urgent need for stricter control over the

Should investors lose faith in stablecoin, Tether, bitcoin could face new risks, including a sharp drop in price, according to a report by JPMorgan Bank. According to JPMorgan analysts, the BTC market could face a major liquidity shock if traders lose faith in USDT, Tether’s stablecoin widely used to fund cryptocurrency trading. “If issues arise that could affect the willingness or ability of both US and foreign investors to use USDT, the most likely outcome

The IOTA Foundation has planned to roll out the Chrysalis update to the IOTA mainnet in March, and add tokenization capabilities to the network in the first half of 2021. According to the latest update on the IOTA blog, the project team has made significant progress over the past few weeks and is poised to roll out Chrysalis to the mainstream in March. The IOTA Foundation launched the Chrysalis testnet on December 14 in preparation

The New York prosecutor’s office and the SEC are accusing the creators of the automated application for investing in cryptocurrency Coinseed of defrauding investors and violating securities laws. According to a statement from New York Attorney General Letitia James, the creators of the Coinseed app lured $ 1 million from investors through hidden fees, false claims and the issuance of a CSD token, which actually “had no functionality” in the company’s mobile app. The prosecutor’s

Bitcoin developers have set a timeline for activating Taproot and Schnorr signature updates. They will start working on the blockchain this July. During the discussions, Bitcoin developers agreed on a release date and activation schedule for the update and Schnorr signatures. However, stakeholders are still debating the best coordination method to activate the largest Bitcoin update since SegWit. According to the public IRC discussion, the code for the fully prepared Taproot update will be deployed

The developers of the Polkadot project have released a plan to deploy parachains and slot auctions, which should mark the launch of the protocol’s main network. According to the published roadmap, the launch of Polkadot’s main network is preceded by three main phases. The current stage is the Rococo testnet, where developers can test mechanisms for interoperability between the various Polkadot parachains. The platform uses the Cross-Chain Message Passing-lite or XCMP-lite mechanism to allow parachains

Blockchain.com cryptocurrency platform has completed a strategic round of financing, which raised about $ 120 million from large macro investors. Blockchain.com co-founder Peter Smith said the investors included Moore Strategic Ventures, Access Industries, Rovida Advisors, Lightspeed Venture Partners, Google Ventures, Lakestar, Eldridge and others. When the project tried to raise funds in late 2014, Smith said it received support from only a handful of venture capital firms. Back then, Bitcoin was worth hundreds of dollars;

Umbrel, the developer of the Bitcoin full node app suite, has released an update with three new apps to keep users’ transactions private. Umbrel has released an update v0.3.3 which includes three new applications and opens access to the Bitcoin mempool. The update gives Umbrel users more privacy and a new way to create Lightning wallets for friends and family. The Umbrel update includes the Samourai Server, which runs the Whirlpool and Dojo services. The

The US Securities and Exchange Commission (SEC) and Ripple will not be able to settle the current proceedings out of court due to changes in the SEC leadership. Recall that in December the SEC filed a lawsuit against Ripple, accusing it of selling unregistered securities in the amount of $ 1.3 billion. Ripple CEO Brad Garlinghouse disagrees with the regulator’s accusations and called this lawsuit an “attack” on the entire cryptocurrency industry. Amid these events,

The ECB board member spoke about the risks for banks that will arise in the event of a possible launch of the digital euro. However, government cryptocurrency design will help eliminate most of these. At the ECB’s online seminar last week, European Central Bank board member Fabio Panetta outlined three potential types of risks to banks from the EU’s state cryptocurrency, the digital euro, if issued. The first possible risk is the rejection of the