As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam. Bogus Platform Is Set…
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Why Won’t Bitcoin Die? Because You Need It
“Why won’t bitcoin die?” is a common question I’ve heard asked throughout the years by people sitting on the sidelines watching the bitcoin price hectically rise and fall, time and time again. The mainstream media will tell you that bitcoin…
Blockchain and crypto will challenge current finance, Nigeria VP says
Yemi Osinbajo sees potential for crypto and blockchain. Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and…
Increasing stock market volatility drags Bitcoin and altcoin prices lower
Growing concerns over rising U.S. Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower. The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following…
Bitcoin price flies solo? Institutional crypto push may be overrated
Bitcoin’s market cap broke the $1 trillion barrier without a final push from institutions — could their influence be overrated? In the history of financial markets, there are only a few tradable assets that have conquered this frontier. Currently, Bitcoin…
China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out
A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while…
Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Alpha Finance Lab’s recent integration with Binance Smart Chain and Compound Finance triggered an 85% rally in the protocol’s ALPHA governance token. Alpha Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a series of significant partnerships has…
NFTs based on STARZ show ‘American Gods’ coming soon from Curio
The NFT market continues to expand, with upcoming tokens based on a mainstream TV show. Curio, a platform which sells non fungible tokens, is helping to bring to life NFTs based on the TV series American Gods. The show is…
Law Decoded: Loose ends and long dramas, Feb. 19–26
Longstanding sagas in crypto saw major plot development and even a conclusion or two in this week’s newsletter. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note One…
SEC’s Division of Examinations issues Risk Alert on digital assets
The Risk Alert seemed to take particular aim at broker-dealers, who have been “inadequate” in their AML compliance. The Security and Exchange Commission’s Division of Examinations published on Friday a blueprint for investment managers and institutions on how the division…
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