Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,401,740,532,178.98
  • 24h Vol: $56,828,372,257.58
  • BTC Dominance: 56.53%

consumer protection

kraken-crypto-exchange-operator-fined-by-australian-court

Kraken Crypto Exchange Operator Fined by Australian Court

Leave a Comment / ASIC, Australia, Bit Trade Pty Ltd., Bitcoin, Compliance, consumer protection, Corporations Act, credit facility, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, federal court, Kraken, legal, Margin Trading, Regulatory / / / , , , , , , , , , , , , , ,

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]

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Gate Ventures, Abu Dhabi Blockchain Center Launch $100M Innovation Fund

Leave a Comment / Bitcoin, Blockchain, blockchain innovation, consumer protection, Crypto Hacked, Cryptocurrency, Digital Asset, Ethereum, Gate Ventures, Web3 / / / , , , , ,

Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy hub. The collaboration will leverage expertise from both parties and involves

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google-faces-lawsuit-after-$5m-in-crypto-stolen-via-play-store-app

Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

Leave a Comment / Advertising, Bitcoin, california, consumer protection, Crypto, Crypto Hacked, Cryptocurrency, cybercriminals, Ethereum, Google, Lawsuit, News Bytes, News Bytes - 2, play store, Regulation, Scam, Theft, Wallet, Yobit Pro / / / , , , , , , , , , , , , , , ,

A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure

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Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

Leave a Comment / Binance, Bitcoin, Changpeng Zhao, Commodity Futures Trading Commission (CFTC), consumer protection, crypto exchange, Crypto Hacked, Cryptocurrency, CZ, Ethereum, ftx, Regulation, Sam Bankman-Fried, Sam Blatteis, Virtual Assets Regulatory Authority (VARA) / / / , , , , , , , , , ,

Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange

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British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

Leave a Comment / Binance, Bitcoin, cautious approach, collapse, consumer protection, Crypto Hacked, Cryptocurrency, Cryptocurrency Assets, cryptocurrency exchanges, Cryptocurrency Payments, Customers, Digital Currency, Edinburgh, enticement, Ethereum, Financial Institutions, fraud protection, high returns, high risk, increased risk, Investors, legitimate exchange platforms, men over 35, Money Laundering, Natwest Bank, Natwest Banking, Natwest Group, News, online security, past actions, Press release, risk management, safety measures, Scams, Silicon Valley Bank, Silicon Valley Bank UK Ltd, Stuart Skinner, subsidiary, temporary limit, traditional currency, transfers, UK crypto scams, United States, wallet control / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking

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nigerian-crypto-leverage-searches-second-highest-globally-—-africa-dominates-searches-for-leveraged-trading-products

Nigerian Crypto Leverage Searches Second-Highest Globally — Africa Dominates Searches for Leveraged Trading Products

Leave a Comment / Africa, Bitcoin, consumer protection, Crypto Hacked, crypto leverage, Cryptocurrency, Ethereum, high risks, Leveraged Trading, trade crypto / / / , , , , ,

According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for the term “trade crypto.” Regulators and consumer protection agencies must “provide greater safeguards against predatory practices,” according

Nigerian Crypto Leverage Searches Second-Highest Globally — Africa Dominates Searches for Leveraged Trading Products Read More »

us-treasury-and-white-house-to-hold-regular-meetings-on-cbdcs-and-payment-innovations

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

Leave a Comment / American CBDC, Atlantic Council, Bitcoin, CBDC, CBDC ideas, CBDCs, central bank digital currencies, Central Banks, consumer protection, Council of Economic Advisors, Crypto Hacked, Cryptocurrency, Digital Currency, Equity, Ethereum, Executive Order, Federal Reserve, financial inclusion, financial industry, Financial Regulation, Financial Services, financial system, global financial leadership, illicit finance, Joe Biden, National Economic Council, National Security, National Security Council, Nellie Liang, News, payments innovations, Privacy, Research and development, Stablecoins, trade-offs, unbanked population, US CBDC, US government, US Treasury / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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imf-report-on-el-salvador’s-bitcoin-adoption:-risks-averted,-but-transparency-needed

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

Leave a Comment / 2.8% growth, Article IV consultation, Bitcoin, consumer protection, counterparty risks, crypto assets, Crypto Hacked, Cryptocurrency, economic vulnerabilities, El Salvador, Ethereum, financial integrity, financial situation, fiscal contingencies, fiscal sustainability, fiscal transparency, government transactions, growth, IMF, International Monetary Fund, Investments, legal tender, legislative reforms, limited use, mission statement, Nayib Bukele, News, Recommendations, risks, Salvadoran economy, Salvadoran President Nayib Bukele, Stability, state-owned wallet, tokenized bonds, Transparency, Treasury / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender

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Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’

Leave a Comment / Australian Securities & Investments Commission (ASIC), Bitcoin, consumer protection, Crypto Hacked, Cryptocurrency, Ethereum, Money Laundering, Prime Minister Anthony Norman Albanese, Regulation, terrorism financing / / / , , , , ,

The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it has released a consultation paper that explores “which elements of the crypto

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New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning

Leave a Comment / Advertising Regulatory Board (ARB), Africa, Bitcoin, capital loss warning, consumer protection, Crypto Hacked, crypto influencers, crypto investing, Cryptocurrency, Ethereum, Gail Schimmel, self regulation / / / , , , , , , ,

Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer advice on trading or investing in crypto assets and may not promise benefits

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