Cryptocurrency In 2022
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Binance to Delist Tether and Eight Other Stablecoins in Europe on March 31: All Details
Binance will delist stablecoins that fail to comply with the EU’s MiCA regulations after March 31. The exchange announced that Tether (USDT), along with First Digital USD (FDUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), TrueUSD (TUSD), and Paxos Gold (PAXG), will no longer be available to EU use...
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Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
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Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
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Coinbase Acquires Onchain Ad Platform Spindl to Boost Visibility of Base-Powered Web3 Projects
Coinbase has acquired Spindl, an onchain advertising platform, to help Web3 developers expand their project reach within Web3 communities.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Racial Bias in Web3, Blockchain Boom in Indian Entreprises: Interview With Polygon’s Sandeep Nailwal  Â
Along the sidelines of the recently concluded India Blockchain Week 2024, Polygon co-founder Sandeep Nailwal discussed a variety of topics with Gadgets360. In our chat, Nailwal gave us his take on the racial bias allegedly prevalent in the global Web3 arena while also voicing an opinion on India’s Web3 market, Polygon’s future plans, and ur...
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US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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North Korea’s BlueNoroff Group Reportedly Targeting Crypto Community Members on MacOS
According to SentinelLabs, North Korea's BlueNoroff group is distributing fake crypto news to lure users into downloading infected multi-storage malware onto their MacBook. Earlier in September, the FBI reported that crypto consumers lost over $5.6 billion (roughly Rs. 47,029 crore) to cryptocurrency-related fraud last year.
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JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features
JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.
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Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.Â
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Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
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Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
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Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
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Binance to Delist Tether and Eight Other Stablecoins in Europe on March 31: All Details
Binance will delist stablecoins that fail to comply with the EU’s MiCA regulations after March 31. The exchange announced that Tether (USDT), along with First Digital USD (FDUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), TrueUSD (TUSD), and Paxos Gold (PAXG), will no longer be available to EU use...
-
Coinbase Plans India Re-Entry with UPI-Linked Services, Starts Discussions with Potential Partners: Source
Coinbase plans to compete with CoinSwitch and CoinDCX among others in the sector of India centralised exchanges. To facilitate their UPI-enabled crypto purchase plans, the exchange is prioritising partnerships with local partners for elements like KYC verifications – a step they had not taken the last time they attempted to enable this feature in...
-
Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
-
Coinbase Acquires Onchain Ad Platform Spindl to Boost Visibility of Base-Powered Web3 Projects
Coinbase has acquired Spindl, an onchain advertising platform, to help Web3 developers expand their project reach within Web3 communities.
-
US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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Racial Bias in Web3, Blockchain Boom in Indian Entreprises: Interview With Polygon’s Sandeep Nailwal  Â
Along the sidelines of the recently concluded India Blockchain Week 2024, Polygon co-founder Sandeep Nailwal discussed a variety of topics with Gadgets360. In our chat, Nailwal gave us his take on the racial bias allegedly prevalent in the global Web3 arena while also voicing an opinion on India’s Web3 market, Polygon’s future plans, and ur...
-
US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
-
Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
-
North Korea’s BlueNoroff Group Reportedly Targeting Crypto Community Members on MacOS
According to SentinelLabs, North Korea's BlueNoroff group is distributing fake crypto news to lure users into downloading infected multi-storage malware onto their MacBook. Earlier in September, the FBI reported that crypto consumers lost over $5.6 billion (roughly Rs. 47,029 crore) to cryptocurrency-related fraud last year.
-
JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features
JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.
-
Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.Â
-
Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
-
Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
-
Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
