Bitfinity EVM Launches as Bitcoin Layer 2 Supporting Runes
Bitfinity EVM Launches as Bitcoin Layer 2 Supporting Runes The Bitfinity EVM, designed to enable developers to deploy Bitcoin-based Solidity smart contracts for transferring BTC and Runes, has been introduced. This integration allows asset bridging to other blockchains, facilitating the creation of Bitcoin DeFi apps. Bitfinity, in collaboration with Dfinity, has launched its Ethereum Virtual […]
The Intriguing Case of the US Brothers: How They Stole $25 Million in Crypto in Just 12 Seconds
The Intriguing Case of the US Brothers: How They Stole $25 Million in Crypto in Just 12 Seconds In a world where technological advancements are rapidly changing the landscape of crime, a recent incident involving two brothers from the United States has left the cybersecurity community in awe. The audacious heist, which saw the duo […]
Canada to Implement International Crypto Tax Reporting Standard by 2026
Canada to Implement International Crypto Tax Reporting Standard by 2026 In a move that underscores the growing importance of regulatory oversight in the rapidly evolving world of digital finance, Canada has announced plans to adopt the OECD’s Crypto-Asset Reporting Framework (CARF) by 2026. This initiative aims to enhance transparency and ensure international tax compliance among […]
Canadian ‘Crypto King’ Faces Criminal Fraud Charges
Canadian ‘Crypto King’ Faces Criminal Fraud Charges Aiden Pleterski, known as the self-proclaimed “Crypto King,” is currently facing criminal fraud charges in Canada. The charges stem from a 16-month investigation conducted jointly by the Ontario Securities Commission and Durham Regional Police under Project Swan. Pleterski, hailing from Whitby, Ontario, has been charged with one count […]
Risks of Criminal Use of Bitcoin ATMs Highlighted in FinTRAC Study
Risks of Criminal Use of Bitcoin ATMs Highlighted in FinTRAC Study A recent report by Canada’s financial intelligance unit, FinTRAC, sheds light on the growing concern of Bitcoin ATMs being exploited by criminals for money laundering activities. The report indicates that the anonymity associated with cash deposits into these ATMs makes them an attractive tool […]
Banking Giants Embrace Bitcoin ETFs: A Paradigm Shift in Financial Institutions
Banking Giants Embrace Bitcoin ETFs: A Paradigm Shift in Financial Institutions The rush of banking giants towards Bitcoin ETFs, a historic turning point! Financial giants such as JP Morgan and Wells Fargo are making significant moves towards Bitcoin ETFs, signaling a notable shift in how traditional financial institutions view cryptocurrencies. This trend is indicative of […]
Understanding the Recent Outflows in Hong Kong Bitcoin and Ether ETFs
Understanding the Recent Outflows in Hong Kong Bitcoin and Ether ETFs The Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) experienced substantial outflows on Monday, a response to bitcoin’s drop below $61,000. Data from Farside Investors revealed that investors withdrew nearly $40 million from the six spot bitcoin and ether ETFs on the first […]
Investing in Bitcoin: Following the Steps of a Big Buyer
Investing in Bitcoin: Following the Steps of a Big Buyer Big Buyer In the volatile world of cryptocurrency investing, one recent move has caught the attention of many. Jack Dorsey, the CEO of fintech company Block (NYSE: SQ), recently announced a new strategy involving Bitcoin that has stirred interest in the market. Let’s delve into […]
Home to consider financial innovation and technology for the 21st century
Home to consider financial innovation and technology for the 21st century The House Rules Committee has announced its intention to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for an upcoming vote this month. This legislation aims to bring clarity to the regulatory framework surrounding digital assets, providing […]
The Legal Battle Over Tornado Cash: A Fight for Free Speech Rights
The Legal Battle Over Tornado Cash: A Fight for Free Speech Rights The US Department of Justice (DoJ) has engaged in a legal battle wtih Roman Storm, the founder of Tornado Cash, over allegations of criminal activities related to his cryptocurrency project. Despite Storm’s motion to dismiss the lawsuit citing free speech rights, the DoJ […]
