Uncategorized Archives - Page 8 of 835

Map of Russia highlighting regions affected by the crypto mining ban effective Jan. 2025.

Russia to Enforce Regional Crypto Mining Bans Starting January 2025

December 24, 2024 Dan K

Russia will ban crypto mining in select regions starting Jan. 2025, citing energy shortages and price gaps, with restrictions lasting until Mar. 2031.

A gavel and the EU flag representing Italy's fine against OpenAI for GDPR breaches.

Italy Fines OpenAI $15M Over Data Protection, Privacy Breaches

December 23, 2024 Dan K

Italy fined OpenAI €15M for privacy breaches, citing lack of transparency, data misuse, and inadequate age verification for its AI tool ChatGPT.

Bitcoin

El Salvador to Discontinue Bitcoin Wallet Chivo in $1.4B IMF Agreement

December 20, 2024 Dan K

El Salvador will shutter Chivo wallet as part of a $1.4B IMF deal. Bitcoin remains legal tender, safeguarding BTC’s role in the nation’s economy.

Nigerian SEC building with digital currency symbols representing new cryptocurrency regulations.

Nigerian SEC Tightens Crypto Marketing Rules

December 19, 2024 Dan K

Nigerian SEC tightens crypto rules, requiring VASPs and influencers to gain approval for promotions. Penalties for violations include fines and jail time.

A Bitcoin mining rig operating in Russia with digital security elements

Ukraine to Legalize Cryptocurrency in Early 2025 with No Tax Exemptions Planned

December 12, 2024 Dan K

Ukraine plans to legalize cryptocurrency by 2025, implementing regulations with taxation similar to securities, but without tax exemptions to prevent misuse.

Altcoins

USDT Gains Regulatory Approval in Abu Dhabi: A Milestone for Tether

December 10, 2024 Dan K

Tether’s USDT is now approved as a virtual asset in Abu Dhabi’s ADGM, reflecting FSRA’s support for stablecoins’ vital role in modern global finance.

A Polish police officer standing outside a courthouse; arrest linked to crypto exchange WEX and US extradition request.

Poland Arrests Ex-CEO of Russian Crypto Exchange WEX for US Extradition

December 9, 2024 Dan K

Poland arrests ex-WEX CEO, Dmitry V., for extradition to the US. The crypto executive faces fraud and money laundering charges, risking 20 years in prison.

A digital concept image depicting a hacker stealing cryptocurrency through fake meeting apps.

Crypto-Stealing Scam Targets Web3 Workers with Fake Meeting Apps

December 9, 2024 Dan K

Scammers target Web3 workers with fake meeting apps like “Meetio,” stealing crypto wallet credentials via malware, warns Cado Security Labs.

The image shows a visual representation of Ethereum (ETH) and Bit Digital's treasury strategy, highlighting their shift from Bitcoin holdings.

Czech Republic Approves Capital Gains Tax Exemption for Bitcoin Held Over Three Years

December 8, 2024 Dan K

Czech Republic exempts Bitcoin held over three years from capital gains tax. New crypto rules effective January 1, 2025, encourage long-term investments.

A mining rig processing Dogecoin and Litecoin, representing BIT Mining’s diversification strategy.

BIT Mining Reports Triple Profits Mining DOGE and LTC Over Bitcoin

December 5, 2024 Dan K

BIT Mining’s pivot to Dogecoin (DOGE) and Litecoin (LTC) mining proved 3X more profitable than Bitcoin, driven by LD3 machines and surging DOGE prices.