Cryptocurrency exchange Coinbase has filed a legal action to ask the US Securities and Exchange Commission (SEC) to clarify regulations for the crypto industry. The filing follows a July 2022 petition from Coinbase asking the…
South African Court Grants Final Liquidation Order Against…
A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. Nevertheless, the judge…
New Bill to Ban Crypto Payments in Iran,…
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support…
US State Department Official Wants El Salvador to…
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law.…
Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply…
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force.…
Ukraine Shuts Down Illegal Mining Farm With 150…
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid…
South Korean Crypto Exchange Bithumb Bans Employees from…
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision…
Bitcoin Still Commands the 9th Largest Market Capitalization…
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some…
Bitcoin Blocks Will Soon Be 27% Easier to…
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest…