CryptoNews

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

September 30, 2024
The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The Dutch Authority for the…
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Malicious Crypto-Stealing App Exposed on Google Play

September 30, 2024
An app on Google Play was discovered stealing cryptocurrency from users, employing advanced social engineering and trusted protocols. Check Point Research exposed the app after it had siphoned $70,000, deceiving over 150 victims. The attackers used the Walletconnect protocol…
CryptoNews

Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

September 30, 2024
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion…
CryptoNews

BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services 'at Scale'

September 27, 2024
BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With Bitcoin and Ether Custody for ETP Clients Bank…
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Paypal Rolls Out Crypto Features for Business Accounts

September 27, 2024
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in…
CryptoNews

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

September 27, 2024
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This…
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Blackrock's Head of Crypto Sees Bitcoin as 'Risk Off' Asset Despite Stock Correlation

September 25, 2024
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of its spot bitcoin…
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Congressman Blasts SEC Chair Over Crypto Regulation Failures

September 25, 2024
Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and…
CryptoNews

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

September 20, 2024
Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah on the…
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