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For bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency. From Facebook to Telegram, new posts in the region’s online crypto groups became dominated by dismayed Kosovans attempting to sell off their mining equipment – often at knockdown prices. “There’s a lot of panic and they’re selling it or trying to move it to neighbouring countries,” said cryptoKapo, a crypto investor and administrator of some of the region’s largest online crypto communities. The frenetic social media action follows an…
Rising inflation rates and decreased purchasing power still plague the people of Turkey, who are now turning to new and less regulated ways of safeguarding their wealth. Even mainstream media companies have noted Turkish crypto investors’ interest in assets such as stablecoins to serve as an inflation hedge. To that end, the crypto exchange KuCoin compiled a report on the economic situation in Turkey, and which cryptos Turkish exchange users seem to prefer. Last Otto-MAN left standing As the Lira crashes, KuCoin’s report showed that Turkish crypto investors using its exchange were opting for Bitcoin [BTC] and Tether [USDT]. This has been a trend since 2019,…
According to a research handled by the large digital asset platform Huobi Group, nearly 7 in 10 crypto holders entered the market in 2021. Despite the rising interest in the asset class, approximately 25% of the participants believe “it’s all a scam/bubble,” which is going to collapse, the survey estimated. Huobi’s poll consisted of more than 3,000 people. The company conducted it in mid-December 2021, while the results were released on January 13. Nearly every third participant admitted they are currently crypto holders. A deeper analysis revealed that the vast majority (68%) began investing last year. In comparison, only 9% said they…
Federal Investigation Agency (FIA) Director-General Dr Sanaullah Abbasi on Saturday said the agency will approach the Pakistan Telecommunication Authority (PTA) for blocking websites dealing in cryptocurrencies to prevent fraud and possible money laundering. He was talking to the media after holding a meeting with a team of senior officials of the State Bank of Pakistan (SBP) at the Cyber Crime Circle Office. “The SBP officials gave a presentation in the meeting about a regulating mechanism,” said the FIA chief. The SBP team informed the participants of the meeting that the central bank had submitted recommendations recently under the directions of…
Vivaldi browser is the latest company to take stand against cryptocurrency. It said it won’t provide cryptocurrency wallets in its browser because it doesn’t want users to participate in crypto trading – something CEO Jon von Tetzchner describes as “at best a gamble and at worst a scam.” For the uninitiated, Vivaldi is a freeware, cross-platform web browser, a company founded by Tatsuki Tomita and Jon von Tetzchner, who was the co-founder and CEO of Opera Software. The development comes a week after rival Mozilla announced accepting donations via cryptocurrencies but swiftly backtracked, saying the policy would be paused and reviewed. As for Vivaldi…
A blockchain analysis firm called Elliptic says the operators of UniCC, which the company describes as “the leading dark web marketplace of stolen credit cards,” have retired after raking in approximately $358 million worth of various cryptocurrencies since the site launched in 2013. UniCC’s operators reportedly announced their retirement on a number of dark web forums in both English and Russian. Elliptic shared a screenshot of one such post in which the operators say not to “build any conspiracy theories” about why they called it quits after nearly a decade. “It is weighted decision,” they say, “we are not young and our…
United States Office of the Comptroller of the Currency Acting Chief Michael Hsu spoke at the British American Business Transatlantic Finance Forum about regulating stablecoin – the digital currency he sees as being a bridge between fiat and cryptocurrency – and the need for robust and collaborative regulations to thwart the abundance of online scams, money laundering and cybercrime rings. Hsu called for collaboration and coordination between legislators and cryptocurrency firms and platforms in designing legislation that will not affect innovation. Further, he said the numbers alone – including larger trading platforms that currently have millions of users worldwide and trade billions each month…
The music industry is changing. Revenue from recorded music sales has been evolving for over a decade through streaming, and the trend shows no sign of reversing. Although as a macro trend the accessibility of streaming is positive, it offers a revenue pool that is less accessible to undiscovered, underground, and niche artists without a full-scale team behind them. This problem is not unique to the music industry; it is symptomatic of a more significant trend towards disintermediation, in which consumers are increasingly getting their content and services directly from technology layer providers, and seldomly from sources closer to the…
Cathie Wood’s ARK Invest has purchased shares of the special-purpose acquisition company, or SPAC, that is merging with Circle, one of the biggest stablecoin companies in crypto. Circle is planning to go public, after the provider of payments and treasury infrastructure to internet companies, announced in the summer its plans to merge with SPAC Concord Acquisition Corp. Wood’s ARK Fintech Innovation ETF purchased 69,300 shares of the SPAC for $705, 820, representing a new position for the fund. The merger of Circle, co-founded and run by CEO Jeremy Allaire, and Concord was expected to occur in the fourth quarter of 2021,…
Regarded as one of the greatest heavyweight boxers of all time, Mike Tyson has taken a plunge into the world of digital assets and has become extremely popular in the crypto community. He has set sight on several NFTs and has partnered with quite a number of organizations. One such NFT promotes the mental health of its investors. 55-year-old Mike Tyson dropped two videos on Instagram to make his fans aware of his latest activity. “It’s nice to partner with a crypto project that cares about the mental health of its investors, as much as dream does. Which is why,…