CFPB proposes crypto firms refund users for funds lost to hacks

January 10, 2025
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

Based on NFT and Metaverse sales over the past week, the demand for digital land outpaced all other items, art, and collections. 950 Total views 5 Total shares Digital land is in high demand in what is already a highly lucrative market as the past week’s NFT and Metaverse sales figures revealed. Data from the…

Magic Internet Money token depegs as Terra (LUNA) domino effect persists

Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. 62 Total views 2 Total shares Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens…

How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK

Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, said the firm. 353 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTBlockchain security company CertiK has reminded the crypto community to stay alert over “ice phishing”…

Bitcoin’s ‘Bubble’ Cycle More Bullish Than Amazon’s Dot-Com Era Days

Bitcoin (BTC) recovered more swiftly from its bear cycles than Amazon did during the boom and bust of the dot com era, data from crypto analytics firm Messari reveals.Bitcoin’s 2019 breakout ‘extremely bullish’ by comparisonFellow industry analytics firm Ceteris Paribus shared Messari’s findings in a tweet on July 17:“The latest $BTC cycle mirrors $AMZN during the dot-com…

Top U.S. banks offer big incentives to lure crypto talent

LinkedIn reports that site-wide job listings relating to crypto are up more than 600% since August last year. 503 Total views 13 Total shares Top U.S.-based banks and financial institutions have filled more than 1,000 positions for crypto experts in the past three years. According to a Nov. 1 report from Bloomberg, financial institutions are…

Compound Reward ‘Farming’ Results in Six-Fold Increase of Lending Activity

A user reward scheme to distribute the new Compound governance token (COMP) has resulted in a dramatic rise of the value locked in the decentralized finance protocol as traders sought to “farm” the token, as fans affectionately call the practice.According to data from Defi Pulse, the Compound protocol’s total locked value soared from about $100…

Why Not Pay Sources for Stories? — Asks Blockchain Media Startup

Tel Aviv-based media outlet BLOCKTV announced details of a tokenized rewards system to incentivize sources to share exclusive news tips. This comes after BLOCKTV revealed that its native token, BLTV, would be listed on the Bittrex Global exchange on Nov. 21.BLOCKTV CEO Aviram Elad told Cointelegraph:“We see the BLTV token as a solution to fix…

‘Be Aware’: UK Financial Regulator Sounds Alarm Over Yet Another Crypto ‘Clone Firm’

UK regulator the Financial Conduct Authority (FCA) has issued a second warning in a week Wednesday, August 8, over crypto-related “fraudsters” claiming to be an FCA authorized firm. According to the FCA, the rogue firm, Good Crypto, was giving out “false details or mix[ing] these with some correct details of the registered firm,” which in…

Title Token for Blockchain Estate Registry, Part 3

The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements…

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