Digital Financial News

A technique known as "pig butchering" has spread globally as a cryptocurrency scam

Hong Kong, 18 FEB 2022- One of the most reputable Digital Asset Exchange in Hong Kong- HKD.com (Hong Kong Digital Asset Exchange) announced the acquisition of half of Blockchain.News Company’s shares, a well-known international blockchain news media.

Universal Music Group has struck a partnership with NFT platform Curio to develop NFT collections

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

As fears of the Federal Reserve’s hawkish stance on inflation intensify, the rising correlation between stock and cryptocurrency prices has also emerged as a worrying trend. However, the CEO and founder of blockchain investment firm Pantera Capital,  Dan Morehead, believes crypto continues to remain an efficient store of wealth, especially in the face of interest rate hikes plummeting stocks.

The Security and Exchange Commission (SEC) might be taking a different approach to winning this ever-lasting feud with fintech firm, Ripple. More of an indirect root to counter Ripple‘s action mode strategy. Herein, Ripple had filed a letter motion to compel SEC to turn over notes. Although, the SEC refused to do so, cited deliberative process privilege (DPP).

USD Coin (USDC) issued by Circle Inc is the second-largest stablecoin by market capitalization. It achieved significant milestones over the years. In fact, on 1 February, USDC market capitalization surpassed $50 billion. In all, Circle minted more than 100 billion USD Coins (USDC). Continuing the same trend, here’s the latest development.

In the United States, a spot bitcoin ETF is yet to be approved. (Representational)

She will work with the FBI’s new Virtual Asset Exploitation Unit, a specialised team of cryptocurrency experts dedicated to providing analysis, support, and training across the bureau.The NCET will work on the department’s cases involving the criminal use of digital assets, with a particular focus on virtual currency exchanges, mixing and tumbling services, infrastructure providers, and other entities that are enabling the misuse of cryptocurrency and related technologies used in crimes.Says Choi: "The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds."News of the crypto teams comes shortly after the DoJ's biggest ever crypto-related bust, when it arrested two people and seized $3.6 billion worth of bitcoin in relation to the 2016 hack of the Bitfinex exchange.

The Department of Justice (DOJ) announced on Thursday, Feb. 17, that the Federal Bureau of Investigation (FBI) is forming a new specialized team dedicated to tackling growing cryptocurrency crimes.

The Ukrainian forces amidst their ongoing tensions with their neighbor, Russia, developed a new relationship with digital assets. Bitcoin donations soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces.

Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE: CND) through a special purpose acquisition company (SPAC), doubling its valuation to $9 billion from the $4.5 billion initially announced in July 2021.

Indian crypto-asset exchange platform WazirX witnessed a 30% jump in its daily sign-ups since the country decided to impose a 30% tax on profits from cryptocurrency trading, according to co-founder Nischal Shetty.

Tim Bradshaw “If you see this, you’re very early,” teased the Twitter account for Kapetta, a new “anime-inspired” NFT project. The line has become a familiar trope in the frothy market for non-fungible tokens, where blockchain-powered proof of ownership has created a hyper-speculative digital art market.

London: Global markets have had a rocky start to the year as the prospects of tighter monetary policy prompted investors to ditch risky assets - but the fast-growing world of "metaverse" investing has been running on its own timeline.

BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for the technology sector during a speech in early December, according to the Chinese Communist Party's bimonthly journal published Wednesday.

The cryptocurrency market has evolved over the years. At the time of writing, it was valued at more than $2T. Bitcoin, the largest cryptocurrency witnessed a fresh price surge of over 2% as it traded above the $43,000 mark. Over the years, big institutions within and outside the crypto universe have expressed interest in these digital assets. Yet, some individuals hold a different view.

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The increase in value reflects improvements in Circle’s financial outlook and competitive position - particularly the growth and market share of USDC. Circulation of the digital currency has more than doubled since the original deal was announced, reaching $52.5 billion as of February 16, 2022.“We continue to believe that Circle is one of the most interesting, innovative and exciting companies in the evolution of global finance and we believe it will have an historic impact on the global economic system,” says Diamond.