Posted 1 minute ago In ~ India’s Financial Intelligence Unit, an agency that monitors and regulates suspicious financial activities, has issued compliance notices to nine foreign cryptocurrency exchanges and asked the Ministry of Electronics and Information Technology to block their websites in the country.Affected exchanges include Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. The FIU said in a statement that they were operating illegally without complying with the provisions of the Anti-Money Laundering Act.notice“Providing virtual digital asset services operating in India (both offshore and domestic) and engaging in activities such as exchange between virtual digital assets…
Author: Crypto Flexs
Read More
Crypto Banter YouTube channel analysts believe the cryptocurrency market cycle will soon accelerate into an intense altcoin season. In a YouTube video posted on December 28, the analyst gave his view on where the market is headed in the near future. “We are in the middle of a bull market party,” the analyst said, citing gains seen across cryptocurrency assets over the past few months. But he believes there will be two main legs to this bull market. First, Bitcoin (BTC) and major altcoins reach new all-time highs, followed by a pause, and later breaking all-time highs. this year. “Things…
Hong Kong is poised to set a global precedent in the cryptocurrency sector by introducing comprehensive regulations for stablecoin issuers. These developments, included in a public consultation that ran from 27 December 2023 to 29 February 2024, represent an important step in the region’s approach to digital assets. The role of stablecoins web3 and virtual assets Stablecoins, essential to Web3 and the virtual asset ecosystem, are increasingly intertwined with traditional financial systems. Recognizing this, the Hong Kong government, through the Financial Services Board (FSTB) and the Hong Kong Monetary Authority (HKMA), aims to introduce a regulatory regime for issuers of…
introduction:As the value and adoption of cryptocurrencies soars, the importance of strong wallet security and protecting your digital assets has become more important than ever. Taking appropriate steps to secure your cryptocurrency wallet can help prevent theft, loss or damage related to hacking incidents, phishing attacks or user error.This in-depth guide explores the essentials of cryptocurrency wallet security, providing important best practices, tips, and risk management techniques to effectively protect your digital assets. We’ll take a closer look at topics such as wallet types, private key management, multi-factor authentication, preventing phishing attacks, and safely backing up your wallet.Mastering cryptocurrency wallet…
join us telegram A channel to stay up to date on breaking news coverage The role of artificial intelligence in our lives is steadily expanding beyond its typical use in academic and creative projects. The potential of AI to improve health and extend lifespan is being explored by companies such as St. Lucia-based Rejuve. Founded in 2018 by Ben Goertzel of SingularityNET, the biotech company is at the forefront of using AI and distributed technologies for better health outcomes. With SingularityNET, Ben Goertzel has launched a groundbreaking project at the intersection of artificial intelligence (AI) and blockchain. He operates as…
Since 2014, there has been significant effort to develop and implement infrastructure to prevent, detect, and investigate Bitcoin and other cryptocurrency transactions. Today, financial institutions, regulators, law enforcement, and virtual asset service providers (VASPs) have access to advanced technologies and tools to track and analyze Bitcoin and cryptocurrency transactions to identify and apprehend criminals in a variety of cases. There are numerous tools available to help you. Bitcoin’s level of traceability is actually higher than that of many other financial systems, especially cash, where transactions can be much more opaque.
Japan’s Monex Group, which operates online brokerage, cryptocurrency exchange and asset management businesses, announced Thursday that it plans to acquire a majority stake in Canadian cryptocurrency asset company 3iQ Digital Holdings.“Our long-term strategy is to strengthen our asset management business, and by adding 3iQ to our group, we aim to achieve high growth by capturing the cryptocurrency asset management needs of institutional investors and cryptocurrency exchanges around the world, which are expected to grow in the future. “We are doing this,” Monex Group CEO Yuko Seimei said in a statement.Monex Group acquired cryptocurrency exchange Coincheck in 2018 and established a…
join us telegram A channel to stay up to date on breaking news coverage As the next cryptocurrency bull market approaches, investors are looking for promising low-cost gems that could soar more than 10x in value. One token that is gaining attention is $SCORP, the native token of the Scorpion Casino ecosystem. With a major exchange listing planned and licensed cryptocurrency casinos already launched, $SCORP offers excellent upside potential. first $SCORP CEX listing confirmed! 🔒 We have entered the final pre-sale phase, announcing our first top-level exchange listing. ✅ Passed team background review!✅ Passed legal review!✅ The contract has been…
CryptoCon, the voice of cryptocurrency analysis, recently shared X allows us to make insightful predictions about Bitcoin’s future trajectory. He claims that Bitcoin, which hit around $45,000 a few weeks ago, is headed for a significant correction. This correction could range between 38% and 52%, potentially lowering Bitcoin’s value to a bottom between $26,000 and $21,500. CryptoCon’s analysis is based on technical indicators, and specifically points to LMACD crossing below the upper trend mid-downcycle as a key signal of this imminent correction. This expected recession is not only a cause for concern, but also presents a unique opportunity for investors.…
The native token of a little-known Ethereum (ETH) scaling solution has surged by triple digits following the announcement of an incentive program. Ethereum layer-2 METIS is up nearly 20% in the last 24 hours and is up 261% in 7 days from its opening price of $25.67 on December 20th. METIS is trading at $92.58 at the time of this writing. The explosive rise in the token price comes a little over a week after the Metis cryptocurrency project announced the launch of the Metis Ecosystem Development Fund (Metis EDF). “The Metis Ecosystem Development Fund (Metis EDF) is a 4.6…