crypto

What Are Diamond Hands and Paper Hands Investors in Crypto: All You Need to Know

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[ad_1] The crypto sector, currently valued at $1.09 trillion, has attracted a lot of users from around the world to its platforms and services in recent times. While billionaires like Ray Dalio and Michael Saylor have equated Bitcoin to digital gold in the past, the frenzy around gaming-related cryptocurrencies as well as meme-based altcoins like … Read more

Bitcoin Coders Deliberate Over Future of $1 Billion Memecoins Such as Pepe

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[ad_1] The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. A torrent of speculative coins led to a record number of transactions and an 11-fold spike in processing fees on the blockchain in May, creating a logjam and forcing the Binance exchange to temporarily halt … Read more

RBI Deputy Governor Asks Banks to Gear for Blockchain Future as India Awaits Crypto Rules

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[ad_1] Mahesh Kumar Jain, the Deputy Governor of the Reserve Bank of India (RBI), has predicted that technologies like blockchain and Artificial Intelligence (AI) would be part of the future of finance. The RBI recently met with the directors of Indian banks. The aim of this meeting was to address concerns and risk mitigation measures … Read more

FTX’s Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case

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[ad_1] Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on Tuesday by his lawyers at Cohen & Gresser, who are defending Bankman-Fried against federal charges of fraud, conspiracy and bribery. They’re asking for access to … Read more

International Watchdog Unveils Global Rules to Regulate Crypto Sector; Draws Lessons From FTX Collapse

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[ad_1] International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection. The industry, which typically only has to comply with anti-money laundering checks, has been calling for a global approach to … Read more

Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks

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[ad_1] Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account … Read more