The European Union (EU) sent out a recommendation for banks to limit their exposure to Bitcoin and other cryptocurrencies.
This measure is part of the EU's efforts to address the risks associated with cryptocurrencies and protect investors. According to the recommendation, banks should limit their…
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cryptocurrencies
Elon Musk appoints a “puppy” as Twitter CEO
Tesla CEO and cryptocurrency advocate Elon Musk once again caused a stir in the cryptocurrency world by naming his own "puppy" as CEO of Twitter in his bio on the social network.
The move led to a rise in the price of Dogecoin (DOGE) and…
Coin Cloud ATM company files for bankruptcy
The company Coin Cloud, operator of cryptocurrency ATMs, announced that it is filing for bankruptcy, according to Chapter 11 of the United States Bankruptcy Law.
Coin Cloud currently operates some 4,000 bitcoin ATMs in this country and in…
Banks under US pressure to cut ties with cryptocurrency companies
Financial authorities in the United States are pressuring banks to cut their ties with cryptocurrency companies, according to reports. The pressure is largely due to concerns about money laundering and terrorist financing, which it is…
Bank of Germany in negotiations to invest in cryptocurrencies
In an effort to revive its growth, Deutsche Bank has started talks with companies in the crypto sector in Germany.
The German bank, through Deutsche Bank's asset management arm DWS Group, is in "negotiations to buy a minority stake in…
LocalBitcoins will close its operations permanently
LocalBitcoins, a cryptocurrency exchange based in Helsinki, Finland, announced its final closure effective February 17. The company, which was founded in 2012, has been one of the main platforms for buying and selling Bitcoin locally.
The…
Argentina will impose strict rules for cryptocurrency companies
The Argentine National Securities Commission announced that it will implement stricter rules for cryptocurrency companies in the country. The measure seeks to guarantee the protection of investors and prevent illegal practices in the…
London ranks as the city best prepared for crypto adoption
The capital of England, London, is emerging among the cities best prepared for strengthening and launching cryptographic companies, according to recently analyzed data.
The aspects analyzed to reach this conclusion include “eight key…
Binance launches cryptocurrency taxation tool
Binance, the world's largest cryptocurrency exchange, has launched a tool to help its clients calculate and report their tax liabilities related to digital currency trading activity. The solution, called Binance Tax, is free and can support…
Researchers identify fake apps in Google and Apple that invite o invest in cryptocurrencies
A group of researchers has identified different applications available through the App Store and Play Store that carry out a social engineering attack by which they encourage their victims to invest in cryptocurrencies.
Security-focused…
Crypto ban in China poses a risk
Huang Yiping, a former member of the People's Bank of China's Monetary Policy Committee, said the current ban on cryptocurrency trading in China could result in long-term missed opportunities for the formal financial system, including…
South Korea to launch Virtual Currency Tracking System
This year South Korea will implement the Virtual Currency Monitoring System, according to an announcement by the Ministry of Justice of the Asian country, which will have as its main objective to reduce crimes related to the crypto market,…