Rising crypto crimes in Australia prompt call for tougher regulations
AUSTRAC’s latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.
Related Posts
Report: MIT Researchers Design Cryptocurrency 99% Less Data-Intensive Than Bitcoin
Researchers at the Massachusetts Institute of Technology (MIT) have reportedly developed a cryptocurrency that needs transaction-verifying nodes to store 99 percent less data when compared to Bitcoin (BTC). The development was reported on Jan. 23 in a post on the MITNews Blog.The cryptocurrency in question is dubbed Vault and will be presented at the Network…
Crypto exchange Binance reopens exchange services in Belgium
In June, Binance was ordered to halt its services in Belgium "with immediate effect," leading to the exchange redirecting Belgian users to its Binance Poland entity. 127 Total views 4 Total shares Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again — three months after
Price Analysis 6/3: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA
Blockstream CEO Adam Back recently said that institutional money is not needed to propel Bitcoin (BTC) to $300,000 within five years. This is partially because the current financial situation could drive retail traders to look for alternative investments to preserve the value of money in a time where there is a lot of money printing…
BIS joins France and Switzerland’s central banks on cross-border CBDC project
The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies. 654 Total views 1 Total shares The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.”According…
Interlay launches trustless BTC stablecoin bridge on Polkadot
InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token. 231 Total views 86 Total shares Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot (DOT). Named interBTC (iBTC), the bridge allows the use of Bitcoin on non-native blockchains…
Report: Governance remains highly centralized on many DeFi projects
Top holders control vast amounts of supply. 1903 Total views 24 Total shares A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects — especially those with…
Study claims 99.5% of crypto investors did not pay taxes in 2022
Finland and Australia had the highest proportion of tax-paying crypto investors, while the United States ranked 10th on the list, according to the study. 1940 Total views 31 Total shares Own this piece of history Collect this article as an NFTSwedish crypto tax firm Divly has released a new report that estimates that only 0.53%…
AAVE DAO votes for ‘rescue plan’ to save lost tokens
The plan intends to allow developers to recover tokens from certain AAVE contracts and send them to owners who transferred them by mistake. 180 Total views 22 Total shares Own this piece of history Collect this article as an NFTSome AAVE users who accidentally sent tokens to the wrong address may soon be able to…