Authorities in Hong Kong confirmed there were 145 affected users scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million in lost funds. Hong Kong authorities reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million HKD ($18.9 million),...Continue Reading

Bitcoin experienced its first-ever halving 11 years ago today, and since then, its price has soared from $12 to its current price of $37,000. Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit...Continue Reading

Animoca Brands invests in Telegram’s TON blockchain protocol and becomes its largest validator as it eyes GameFi development on the platform. Web3 investment firm Animoca Brands is set to become the largest validator of Telegram’s TON (The Open Network) blockchain and plans to deliver blockchain-based games to the messaging app’s 800 million strong user base....Continue Reading

The ‘enterprise mainnet’ provides the scalability to add applications to a network that already has a KYC-compliant set of institutional banks, broker-dealers and asset managers. Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. ...Continue Reading

Only individuals with balance sheets exceeding the equivalent of 50,000 euros in crypto assets are obliged to declare their foreign holdings. Spanish residents holding any crypto assets on non-Spanish platforms will have to declare them by March 31, 2024, under new laws governing the taxation of virtual assets.  The Spanish Tax Administration Agency, commonly known...Continue Reading

Global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America, according to Arthur Hayes. The explosive growth and success of Binance outside of the control of the traditional financial and political establishment led to heavy-handed enforcement actions against the exchange, according to...Continue Reading

While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian. Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority,...Continue Reading

Sniper bots are automated tools executing precise actions at specific moments in cryptocurrency and online activities, aiming for strategic advantage. What is a sniper bot? Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions. In the context of...Continue Reading

Amnesty’s secretary-general said the EU has a chance to lead with new AI regulations and member states shouldn’t “undermine” the forthcoming AI Act. The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models.  France, Germany and...Continue Reading

Bitcoin ETF approvals may have key timing as the Ichimoku Cloud demands BTC price keep climbing into 2024. Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation....Continue Reading