Anonymous vows to bring Do Kwon’s ‘crimes’ to light

Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regards to the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May.  On Sunday, a video purportedly coming from the Anonymous hacker group rehashed a laundry list of Kwon’s alleged wrongdoings, including cashing out $80 million each month from Luna and TerraUSD prior to its collapse as well as his role in the fall of stable coin Basis Cash, for which Do Kwon allegedly co-created under the…

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New survey sheds light on people’s concerns about investing in crypto

While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted by Coupon Follow found out that the majority of people who haven’t invested in cryptocurrency cite worries such as value volatility and restricted applications, environmental impact as well as regulatory concerns. Search interest for “should I invest in crypto” overtime. Source: Google Trends The survey, which included respondents aged 18 and above, was answered by 1,172 people among Gen Z, Millennials, Gen Xers and Baby…

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Bitcoin mining in Norway gets the green light as the proposed ban rejected

There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on May 10. The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway’s communist party.) In this week’s vote, the proposal was overturned as only Norway’s left-leaning parties, including the Socialist Left Party, the Red Party and the Green Party would support a ban on cryptocurrency mining. Jaran Mellerud, an Analyst at Arcane Research and a Cointelegraph confidant…

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Green ‘light:’ The EU’s approach to crypto balances eco-values with regulatory relevance

Last week, Bitcoin (BTC) dodged a regulatory bullet in the European Union when proposed cryptocurrency legislation was altered to not include a ban on proof-of-work- (PoW)-based crypto assets. Policymakers had raised a number of concerns about the relative anonymity of crypto transactions and their environmental impact. Some experts including Tim Frost, founder and CEO of Yield App, believe that the “climate change” angle reflects a hidden attempt to ban Bitcoin. But, why?  The proposed EU regulation on Markets in Crypto Assets (MiCA) can be seen as a hybrid approach, which…

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NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces

As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market cycle.  Neo (NEO) fits the bill described above and the project is attempting to stage a revival in 2022 as governments around the world slowly open to the fact that blockchains and digital currencies have…

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Bringing crypto market ‘into the light’ doesn’t address enforcement: CFTC chair

Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s lack of enforcement authority in the digital asset space. At a Wednesday hearing titled “Examining Digital Assets: Risks, Regulation, and Innovation,” Behnam told lawmakers with the Senate Committee on Agriculture, Nutrition, and Forestry that the CFTC’s authority was currently limited to addressing fraud and themanipulation of digital assets without a clear regulatory framework. The CFTC chair added that because there was currently a patchwork of regulation and enforcement authority across multiple government agencies,…

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Binance gets the green light from Canada and Bahrain

Binance is celebrating the new year with approvals from two different sides of the world. The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to the announcement, the in-principle approval is a first for a Binance entity in the Middle East and North Africa region. In a statement, Binance CEO Changpend Zhao, or “CZ,” said that approval from national regulators is “essential to build trust in crypto and blockchain and…

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Xapo co-founder gets regulators’ green light for new crypto startup

The latest project from one of wallet provider Xapo’s co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein’s financial regulator for his new startup Lirium to provide its crypto solution for banks, fintechs and marketplaces worldwide. The project, called Lirium, offers a plug & play backend solution that aims to enable various partners – whether they be neobanks, fintechs or traditional banks – to include crypto in their product offerings without the headache of themselves developing technical capabilities or dealin with compliance matters. Lirium removes the need to manage crypto liquidity or implement…

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New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom

JBS USA Holdings Inc. has paid an $11 million ransom in Bitcoin to cybercriminals as new details emerge over the FBI’s recovery of assets from a previous heist. The payment, estimated to be more than 300 BTC at current prices, was made to shield JBS factories from further disruption. The firm is the world’s largest meat company by sales, processing beef, poultry, and pork from Australia to South America and Europe. Andre Nogueira, chief executive of the Brazilian meat company’s U.S. division, said that the payment was painful and made…

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