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
Crypto
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
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 recent sale of a CryptoPunk NFT for an astonishing $56.3 million has ignited conversations and suspicions alike. CryptoPunk 1563, which features a pixelated woman sporting dark hair and blue eyes, was sold for a staggering 24,000 ether (ETH). This transaction, however, wasn’t merely a regular exchange but rather a spectacle that has raised eyebrows
OpenSea was once a titan in the realm of non-fungible tokens (NFTs), but recent developments have cast a pall over its operations. The marketplace, which thrived in the wake of the NFT boom in 2021, now grapples with a significant decline in user engagement and personnel turnover. This stark transition has prompted concerns about its
September 2024 marked a troubling phase for the cryptocurrency sector, as a disturbing trend of increased cyber attacks unfolded. According to a recent report from blockchain security provider PeckShield, the crypto industry endured more than 20 hacking incidents throughout the month, leading to substantial financial losses estimated at over $120 million. This figure does not
In the dynamic realm of cryptocurrency, the past day has showcased a vivid illustration of volatility and resilience, with Bitcoin leading the charge. After struggling around $61,000, where it briefly dipped to $60,800 amid bearish pressure, the king of cryptocurrencies has seemingly regained its footing, climbing to approximately $62,250. This surge signals not only a
Recent survey results from ConsenSys and HarrisX shed light on the shifting landscape of voter priorities, particularly relating to cryptocurrency as a determining factor in political choice. A striking 49% of U.S. voters indicate that a candidate’s pro-crypto position holds significant weight in their decision-making process. This finding showcases the growing acceptance and relevance of
The recent partnership between the Cryptocurrency Open Patent Alliance (COPA) and Unified Patents signals a pivotal moment in the fight against patent trolls—entities that wield patents without actively engaging in product development to pressure companies into costly settlements. The launch of the Blockchain Zone, aimed specifically at protecting blockchain developers, is not just a tactical
