On October 2, 2023, Taiwan’s Financial Supervisory Commission (FSC) announced significant updates to its Anti-Money Laundering (AML) framework, particularly targeting local virtual asset service providers (VASPs). This proactive step signifies Taiwan’s commitment to enhancing oversight of its rapidly evolving crypto ecosystem. The revised regulations aim to address compliance failures and ensure that VASPs adhere to
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The third quarter of 2024 marked a significant shift in the cybersecurity landscape, as reported by Hacken, with only 28 hacking incidents recorded. This is the lowest number in three years, suggesting a potential improvement in preventive measures or a temporary decline in hacker activity. Despite this drop, the total losses reported reached a staggering
Recent events in the Middle East have had a noticeable influence on the cryptocurrency market, particularly concerning the performance of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States. Following a series of strong net inflows, which saw Bitcoin ETFs attracting over $1.1 billion in a remarkably short period, market sentiment shifted dramatically
The cryptocurrency landscape is riddled with complications characterized by evolving regulations and challenges. In a significant turn of events, TrustToken and TrueCoin, the organizations backing the TrueUSD (TUSD) stablecoin, have recently settled with the US Securities and Exchange Commission (SEC). This settlement comes in response to allegations relating to fraudulent actions and the unregistered sale
In the rapidly evolving world of cryptocurrency, the allure often lies in its uniqueness and potential. Opeyemi, a dedicated writer and cryptocurrency enthusiast, found himself captivated by this digital frontier just over two years ago. What initially may have seemed an unlikely path became a profound passion. The hefty complexities of blockchain technology and the
In the fast-paced world of cryptocurrency, few individuals stand out quite like Semilore Faleti, whose dynamic presence in cryptocurrency journalism has reshaped the way the public consumes information about digital assets. Semilore begins his narrative not as a crypto enthusiast but as a versatile writer covering a spectrum of topics. Gradually, he transitioned into the
Wrapped Bitcoin (WBTC) has established itself as a leader in the tokenized Bitcoin sector, thanks to a collaborative effort by BitGo, Kyber Network, and Ren. This innovative token faithfully represents Bitcoin in a 1:1 ratio on decentralized platforms such as Ethereum and Solana, enabling users to engage with Bitcoin within the decentralized finance (DeFi) ecosystem.
The game Rocky Rabbit, which has gained traction within the vibrant community on Telegram, recently initiated an airdrop of its exclusive cryptocurrency, the RabBitcoin (RBTC) tokens. Following the completion of this airdrop, players who hold these tokens are eager to explore ways to further accumulate their digital assets. Acknowledging this demand, the developers have made
In a groundbreaking move that highlights the intersection of finance and religion, cryptocurrency exchange Bybit has launched an Islamic crypto account aimed specifically at Muslim users. Announced on September 24, this initiative represents a critical evolution in how digital assets are traded while adhering to Islamic law. Bybit’s CEO, Ben Zhou, took to social media
Opeyemi’s journey into the world of cryptocurrency may not have been a planned expedition, but it has transformed into a passionate pursuit that has altered his life’s trajectory. Initially, he may have chosen a different path, yet the allure of blockchain technology beckoned him into its complex depths over two years ago. This serendipitous entry
