UK Government To Clamp Down On Terrorism Crypto Funds
UK government wants to make planned changes to the Economic Crime and Transparency bill so that authorities can quickly seize crypto assets linked to terrorist activities. The UK Government wants law enforcement to seize crypto assets used to fund terrorism easily. The Home Office Department, which is in charge of immigration and crime, wants to […]
Bitcoin Not Expected To Experience Rebound After Short Squeeze
After the U.S. CPI, Treasury yields stayed high, which is a reality check for risky assets like cryptocurrencies. Bitcoin (BTC) made a big comeback late Thursday, even though most people thought it would keep falling after the U.S. consumer price index (CPI) came in higher than expected. As a knee-jerk reaction to the news, the […]
IOSCO: Foreign Crypto Sites Should Be Taken Down
The group that sets standards for securities around the world is worried about the rise of bad financial advice on social media, including cryptocurrency. In a report released Wednesday, the International Organization of Securities Commissions (IOSCO) said that securities regulators should be able to tell foreign crypto sites to shut down. The standard-proposals setters are […]
Stronghold Digital Bolsters Balance Sheet by Cutting Costs
After ending the hosting deal for bitcoin mining rigs, Stronghold Digital won’t have to pay Northern Data up to $25 million in profit shares. In its latest attempt to fix its troubled balance sheet, Stronghold Digital Mining (SDIG) ended a hosting deal with miner Northern Data (NB2X: GER), which cost the miner money, and paid […]
Dubai Mall Store prepares to go shopping in the Metaverse
The prototype of the virtual store of Etisalat store in Dubai Mall in the metaverse was showcased during the Gitex event. This upcoming initiative aims to make their stores more accessible to all customers. The Dubai Mall’s Etisalat showroom will duplicate itself in the metaverse. The prototype was on display at the Gitex event, which […]