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On September 24, 2023, Bybit, a prominent cryptocurrency exchange, announced the launch of an Islamic crypto account specifically designed to meet the needs of its Muslim clientele. This groundbreaking initiative is the first of its kind, allowing Muslims to engage in cryptocurrency trading while adhering to Shariah law. Bybit’s CEO, Ben Zhou, highlighted this pivotal
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The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
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On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) laws aimed specifically at virtual asset service providers (VASPs). This development marks a pivotal shift in Taiwan’s regulatory landscape for cryptocurrencies, reflecting an increased commitment to combat financial crime while fostering a transparent digital assets market. Commencing January
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The cybersecurity landscape for cryptocurrencies has entered a paradox in Q3 2024. While the total number of hacks has dipped to an unprecedented low, a mere 28 incidents were recorded, the financial ramifications have been staggering. In total, $463.6 million was siphoned from various projects, raising significant concerns about the overall security of the crypto
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Ohio State Senator Niraj Antani has recently made headlines with his proposed legislation aimed at legalizing Bitcoin (BTC) and other cryptocurrencies for tax and fee payments within the state. Introduced on September 30, this forward-thinking bill allows Ohio residents to settle state and local tax obligations using digital assets. This move positions Ohio to potentially
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In recent months, a striking shift has occurred in how U.S. voters perceive cryptocurrency in the political arena. A survey conducted by ConsenSys in collaboration with HarrisX indicates that nearly half of the American electorate—49%—views a pro-cryptocurrency stance as a significant criterion when evaluating political candidates. This sentiment underscores a burgeoning realization that cryptocurrency is
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The cryptocurrency landscape has come under serious scrutiny in recent months due to a significant increase in hacking incidents. In September 2024 alone, reports from the blockchain security firm PeckShield outlined an alarming wave of over 20 distinct hacking episodes, accruing losses exceeding $120 million. This spike in illicit activities raises urgent questions regarding the
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In an ecosystem as vibrant and rapidly evolving as blockchain technology, innovation is critical for survival and growth. However, a shadow looms over this space as patent trolls—entities that hold patents without any intention of developing products—exploit legal loopholes to stifle creativity and discouraging innovation. The Cryptocurrency Open Patent Alliance (COPA) has recognized this mounting
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In a significant development for the cryptocurrency market, Japan’s Financial Services Agency (FSA) is set to revisit its regulatory framework concerning digital assets. With an eye towards potential tax reductions on crypto gains and a reclassification of these assets, the FSA aims to cultivate a more favorable investment environment by 2025. This proactive approach, reported
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In the ever-evolving landscape of cryptocurrency trading, patterns often serve as pivotal indicators guiding investors’ decisions. Recently, renowned trader Peter Brandt stirred the pot by suggesting that Bitcoin (BTC) is exhibiting a ‘three blind mice’ pattern. This revelation has left many in the crypto community abuzz, grappling with the implications this might have for Bitcoin’s
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