Morocco central bank to legalize all cryptocurrencies: Report

Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish "audited proof of reserves," amid the downfall of rival exchange FTX. "We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," said Marszalek, adding that his company "will be publishing our audited proof…

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. 422 Total views 19 Total shares The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry.Profits from crypto trading in Thailand are…

The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much. 107 Total views 3 Total shares Own this piece of history Collect this article as an NFTUnited States-founded cryptocurrency exchange Coinbase has no plans to move its operations…

The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets. 209 Total views 4 Total shares New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s…

HTX recovers from devastating $30M hack, Hong Kong plagued by crypto exchange scandals, e-CNY gains adoption from foreign banks, and more. by Zhiyuan Sun 4 min November 30, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Yet another crypto scandal in Hong Kong  Scammers

French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.The Minister’s remarks — the latest in a series of vocal misgivings about the social media giant’s cryptocurrency plans — were reported by Reuters on Sept. 13. “EuroCoin”?  vs. the tech titanAt a meeting of…

Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 by the end of next year.Large…

Crypto wallet drainers, or sweepers, are malicious smart contracts that can quickly empty a crypto wallet of its funds and are a standard tool for phishing scammers. Four major crypto drainers have emerged to fill the vacuum left by the notorious wallet sweeper Monkey Drainer, with thousands of victims targeted and millions in crypto stolen…

“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. 961 Total views 5 Total shares Cryptocurrency lending platform Celsius Network has raised $400 million in a new equity funding round amid United States regulators increasingly cracking down on crypto lending.Announcing the news on Tuesday, Celsius…