Nubank Suspends Native Crypto Token Trading
The largest crypto bank in Latin America, Nubank, announced the immediate suspension of trading for Nucoin, its native crypto, following the token value’s decline by more than 97% in the past year. On October 19, 2022, Nubank disclosed the establishment of the Nucoin token on the Polygon blockchain. The bank discontinued trading nearly two years […]
India Ranks First on Global Crypto Adoption Index
According to Chainalysis, India ranked first in the 2024 Global Crypto Adoption Index despite the local prohibition of offshore crypto exchanges. In its fifth annual Chainalysis Global Crypto Adoption Index, released on September 11, the blockchain analysis firm reported that India will continue to be the world’s largest crypto market in terms of adoption in […]
UAE Regulators to Allow Licensed VASPs to Service Entire Country
The securities regulator of the United Arab Emirates (UAE) has partnered with the crypto regulator of Dubai to streamline its licensing regime and thereby demonstrate “regulatory cohesion” throughout the nation. The Securities and Commodities Authority (SCA), the federal financial agency of the United Arab Emirates, and the Virtual Assets Regulatory Authority (VARA), the crypto administrator […]
Bitcoin ETFs See $28.6M Inflows Following Days of Outflow
On September 9, the US spot Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $28.6 million, deviating from the 8-day streak of outflows. BlackRock’s iShares Bitcoin Trust (IBIT) experienced its third-ever day of net outflows totaling $9.1 million. This is the smallest outflow on record, with the largest being $36.9 million on May 1 […]
AI Deepfake Attacks May Extend Beyond Videos, Audio
Security firms caution that the attack method may expand beyond video and audio as artificial intelligence (AI) powered deepfake schemes become more prevalent. In the second quarter of 2024, malicious actors have intensified their operations by employing AI-powered deepfake schemes to defraud crypto holders, according to a software firm Gen Digital report on Sept. 4. […]