Author: Ferret Weasels

The Japan Financial Services Agency (FSA) has issued a warning letter to several foreign crypto exchanges warning them that they have been conducting operations in the country without proper registration.Companies like Bitget, MEXC Global, Bybit Fintech, Bitforex, Binance, and others may not be licensed to operate cryptocurrencies in Japan.Japan is asking the United States and the European Union to regulate the crypto market in a similar way to the banking sector. The last year the entire crypto ecosystem has seen how the main regulators in the world tighten the rules that cryptocurrency companies must follow.In 2020, Japan introduced regulations that…

Banks in the United Kingdom are putting a series of obstacles to crypto companies with which it is difficult for them to open bank accounts.These blocks range from lengthy red tape that plunges crypto companies into red tape, to freezing accounts.Crypto entrepreneurs now face a dilemma: the government encourages them to expand there, but lenders turn their backs on them.When Rishi Sunak took office as Prime Minister of the United Kingdom in October last year after the resignation of Liz Trus, the crypto ecosystem thought that with this leader the nation would become a friendly territory with cryptocurrencies, however a…

According to a Look Into Bitcoin report there are around 992,243 unique Bitcoin addresses with at least one unit deposited.BitInfoCharts, for its part, noted that people with more than 1 BTC account for less than 3% of all addresses.At the end of October 2010, with the price of Bitcoin close to $20 cents, only 60,000 wallets had at least 1 BTC, which makes it clear that few at that time trusted the true power of the cryptocurrencies. Today that number is close to a million, a line that the market has never been able to overcome.While the number of addresses…

The bloc of nations confirmed by Brazil, Russia, India, China and South Africa, BRICS are working to develop a new form of currency, and they plan to present at the BRICS leaders’ summit next August,The deputy chairman of the State Duma raised the possibility of a single currency backed by gold and other commodities.”Unity is strength” is a phrase used by Bulgaria and Haiti on their national coat of arms, as well as being the national motto of Malaysia, Belgium, Bolivia and Bulgaria.Likewise, it is a phrase that has a lot of meaning, since it refers to the fact that,…

Blockchain security firm Cetrik noted that a phishing link was likely posted on Arbitrum’s Discord server which allowed a hacker to steal 933,375 ARBs.The message spread on Arbitrum’s official Discord offered the opportunity to “claim an additional stake in Arbitrum’s DAO governance.” March 25 Cetrika blockchain security firmspread on Twitter the possibility that a phishing link would have been published on the same Arbitrum server on Discord. Now a report revealed that approximately the hacker stole 933,375 ARB through that link.Do NOT interact with the following announcement 👇 pic.twitter.com/b3EjF9yHcp— CertiKAlert (@CertiKAlert) March 25, 2023 Phishing, techniques most commonly used by…

Citibank published a report suggesting that mass adoption of cryptocurrencies is close to happening thanks to the increase in interest and popularity of central bank digital currencies (CBDCs), as well as tokenization.Thanks to their ability to reduce costs and lessen the frictions associated with international transfers, CBDCs have been a major topic of conversation among world leaders.Ronit Ghose, Citi’s CFO, claims during an event that by 2030 there will be between “$5 trillion US dollars” circulating in CBDCs.Mass adoption of cryptocurrencies is something that the entire industry has aspired to for many years. Now the financial firm Citi Group has…

The American exchange Kraken has signed a partnership with Williams Racing, one of the F1 teams.Kraken will appear on the rear wing of the vehicle, and the crypto company also announced that it will create an NFT collection.The crypto platforms have found a showcase in sports to make themselves known to a larger audience. Soccer and basketball have been good allies, although none like Formula 1. The World Cup seems to be the category chosen by the big brands to win the support of the masses.The last to arrive has been Kraken, the centralized exchange based in San Francisco, United…

A few hours before the United States Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, the exchange processed $850 million in withdrawals.After the announcement another $63 billion USD worth of cryptocurrencies left the exchange.Research by Thanefield Capital found that Binance, the largest cryptocurrency exchange currently, processed substantial fund withdrawals just hours before the indictment by the US Commodity Futures Trading Commission (CFTC) occurred.For those who might have missed it, On Monday, March 27, the CFCT issued a lawsuit against Binance and its CEO, Changpeng Zhao, alleging that the crypto exchange violated specific trading and derivatives rules.As expected, panic…

Disney has decided to close the division dedicated to the metaverse and has fired 50 workers who were focused on this project.In early 2022, Disney announced its intentions to join the metaverse, declaring in the words of Bob Chapek, CEO at the time, that the metaverse was “the next great narrative frontier.” When Facebook announced its plans in the metaverse, which led to its name being changed to Meta, the industry was completely upended. The most famous projects saw an unimaginable bullish rally and many companies fully entered the digital world, including Disney, however, their path seems to have completely…