Assad Jafri

Bank of England advances design phase of ‘digital pound’ CBDC

The Bank of England (BoE) and HM Treasury reported significant progress in the design phase of the digital pound, a proposed central bank digital currency (CBDC) that would complement traditional banknotes and enhance the UK’s payment infrastructure. The update highlighted efforts to align the initiative with the nation’s evolving payments landscape and broader economic goals. The […]
The post Bank of England advances design phase of ‘digital pound’ CBDC appeared first on CryptoSlate.
Cryptocurrency

India partners with tech giants Google, Meta to curb ‘pig butchering’ scams

India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report. The initiative aims to combat the rising threat of “pig butchering” scams, a form of crypto investment fraud targeting vulnerable groups such as unemployed youth, housewives, students, […]
The post India partners with tech giants Google, Meta to curb ‘pig butchering’ scams appeared first on CryptoSlate.
Cryptocurrency

MARA CEO touts Bitcoin’s long-term benefits for retail holders, predicts $200k by year-end

MARA Holdings CEO Fred Thiel believes institutional involvement will significantly increase Bitcoin’s value, positioning the flagship crypto as a long-term growth asset. Speaking in a Jan. 2 interview with FOX Business, Thiel encouraged retail investors to adopt a steady, long-term investment strategy by regularly purchasing small amounts of Bitcoin. Thiel noted that Bitcoin has only […]
The post MARA CEO touts Bitcoin’s long-term benefits for retail holders, predicts $200k by year-end appeared first on CryptoSlate.
Cryptocurrency

Delhi High Court orders new probe into WazirX amid Binance delisting

Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX. The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the […]
The post Delhi High Court orders new probe into WazirX amid Binance delisting appeared first on CryptoSlate.
Cryptocurrency

Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts

Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin (BTC) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption. During a Dec. 11 parliamentary session, Yamada posed questions about Japan’s approach to crypto reserves. He pointed to efforts […]
The post Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts appeared first on CryptoSlate.
Cryptocurrency

VanEck foresees $180k Bitcoin by Q1 2025 in dual-peak bull market

VanEck projected significant developments for the crypto industry in 2025, ranging from a dual-peaked bull market to the US adopting Bitcoin as a strategic reserve asset. The firm’s 2025 predictions report envisions milestones that could redefine the role of digital assets in global finance, driven by regulatory clarity and institutional momentum. Bull market peaks and […]
The post VanEck foresees $180k Bitcoin by Q1 2025 in dual-peak bull market appeared first on CryptoSlate.
Cryptocurrency

Congressman French Hill eyeing comprehensive market structure, IPO rules for crypto industry

Congressman French Hill, the newly elected chair of the House Financial Services Committee, has unveiled plans to tackle crypto regulations and reignite public market growth In a Dec. 13 CNBC interview, Hill emphasized the need to end regulatory confusion that has hindered the growth of digital assets. His priorities mark a shift toward fostering innovation […]
The post Congressman French Hill eyeing comprehensive market structure, IPO rules for crypto industry appeared first on CryptoSlate.
Cryptocurrency

SEC crackdown continues with Immutable latest to receive Wells Notice

The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC’s “regulation-by-enforcement” policy targeting the crypto industry. It added that the […]
The post SEC crackdown continues with Immutable latest to receive Wells Notice appeared first on CryptoSlate.
Cryptocurrency

Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary

Former President Donald Trump marked the 16th anniversary of the Bitcoin (BTC) whitepaper with a pledge to end the “war on crypto,” presenting a stark alternative to current policy as he seeks support from crypto advocates ahead of the Nov. 5 election. Trump’s post on social media, which also targeted Democratic rival Kamala Harris, highlighted […]
The post Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary appeared first on CryptoSlate.
Cryptocurrency

StanChart sees high volatility for Bitcoin in lead up to US elections

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, cautioned that Bitcoin (BTC) may experience heightened volatility in the days before the US presidential elections. Kendrick’s analysis pointed to key metrics indicating an optimistic yet cautious market sentiment among Bitcoin traders as investors brace for economic and regulatory shifts related to the political event. […]
The post StanChart sees high volatility for Bitcoin in lead up to US elections appeared first on CryptoSlate.
Cryptocurrency

Transak hit with data breach affecting 1.14% of its user base

Transak, a company providing fiat-to-crypto services, has reported a significant data breach affecting more than 92,000 users. In an Oct. 21 update, the firm revealed that the breach stemmed from a phishing attack targeting an employee’s laptop, leading to unauthorized access to sensitive user information. According to Transak, the attackers exploited the employee’s credentials to […]
The post Transak hit with data breach affecting 1.14% of its user base appeared first on CryptoSlate.
Cryptocurrency

Northern Data embraces AI boom, mulls ditching Bitcoin mining roots

Europe’s largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Solutions business, according to an Oct. 21 press release. The potential sale marks a significant move away from the company’s mining roots as it […]
The post Northern Data embraces AI boom, mulls ditching Bitcoin mining roots appeared first on CryptoSlate.
Cryptocurrency

Indian regulators to clear offshore crypto exchanges after strict AML review

India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously […]
The post Indian regulators to clear offshore crypto exchanges after strict AML review appeared first on CryptoSlate.
Cryptocurrency

Chamber of Progress demands clarity on crypto from presidential hopefuls

The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation. In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US […]
The post Chamber of Progress demands clarity on crypto from presidential hopefuls appeared first on CryptoSlate.
Cryptocurrency

Bitfarms refutes ‘misleading claims’ made by Riot Platforms in open letter

Bitcoin miner Bitfarms issued a statement addressing what it called misleading claims by rival Riot Platforms amid ongoing tensions over the latter’s amended acquisition proposal. In the Sept. 4 press release, Bitfarms emphasized that Riot’s proposal is not about corporate governance but rather an attempt to acquire it at a discounted price. The firm further […]
The post Bitfarms refutes ‘misleading claims’ made by Riot Platforms in open letter appeared first on CryptoSlate.
Cryptocurrency

CFTC’s $175,000 fine on Uniswap Labs sparks dissent over stifling DeFi innovation

Commissioner Summer K. Mersinger voiced strong opposition to the Commodity Futures Trading Commission’s (CFTC) decision to impose a $175,000 fine on Uniswap Labs for its illegal digital asset derivatives trading. In her dissent, Mersinger criticized the agency’s reliance on “regulation through enforcement,” arguing that the approach risks stifling innovation in DeFi and driving developers out […]
The post CFTC’s $175,000 fine on Uniswap Labs sparks dissent over stifling DeFi innovation appeared first on CryptoSlate.
Cryptocurrency

Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases

Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by […]
The post Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases appeared first on CryptoSlate.
Cryptocurrency

Franklin Templeton files S-1 application for crypto index ETF offering BTC, ETH exposure

Franklin Templeton has filed an S-1 application with the US Securities and Exchange Commission (SEC) to launch a crypto index exchange-traded fund (ETF). According to the Aug. 16 filing, the proposed fund — dubbed “Franklin Crypto Index ETF” — aims to offer investors exposure to the performance of Bitcoin and Ethereum through a regulated financial […]
The post Franklin Templeton files S-1 application for crypto index ETF offering BTC, ETH exposure appeared first on CryptoSlate.
Cryptocurrency

Dubai approves crypto salaries in landmark court ruling

The Dubai Court of First Instance has affirmed the legality of crypto payments for salaries under employment contracts in a landmark ruling on Aug. 15. The ruling, issued in case number 1739 of 2024 (Labour), marks a significant shift in the UAE’s judicial approach to digital currencies, reflecting the growing acceptance of crypto in the […]
The post Dubai approves crypto salaries in landmark court ruling appeared first on CryptoSlate.
Cryptocurrency

Trump’s transition team signals strong pro-Bitcoin direction, contrasting Harris’ regulatory approach

Former President Donald Trump’s campaign has appointed chairs for the presidential transition team, which is drawing attention for its strong pro-crypto stance. According to an Aug. 16 announcement, Cantor Fitzgerald CEO Howard Lutnick, a well-known Bitcoin advocate, and Linda McMahon, WWE co-founder and a prominent entrepreneur who has criticized central bank digital currencies (CBDCs), will […]
The post Trump’s transition team signals strong pro-Bitcoin direction, contrasting Harris’ regulatory approach appeared first on CryptoSlate.
Cryptocurrency

Trump reiterates support for Bitcoin during livestream with Adin Ross

Republican presidential nominee Donald Trump reiterated his support for Bitcoin and crypto during an interview with popular live streamer Adin Ross on Aug. 5. The former President reaffirmed statements made during his recent keynote at the Bitcoin2024 conference, saying that the US needs to foster innovation in the digital asset sector. He further stated that […]
The post Trump reiterates support for Bitcoin during livestream with Adin Ross appeared first on CryptoSlate.
Cryptocurrency

US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs

A coalition of US lawmakers has called on the Commodity Futures Trading Commission (CFTC) to prohibit gambling on American elections. Several legislators endorsed the letter, including Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), and Sheldon Whitehouse (D-RI), along with Representatives Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), and John Sarbanes (D-MD). […]
The post US legislators call for CFTC crackdown on election gambling as Polymarket betting hits ATHs appeared first on CryptoSlate.
Cryptocurrency

Bitcoin falls to $57k as market bleeds amid fears of recession, war

Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship crypto has fallen more than 8% since the start of the weekend to $57,040 —  the lowest price recorded in almost three weeks. […]
The post Bitcoin falls to $57k as market bleeds amid fears of recession, war appeared first on CryptoSlate.
Cryptocurrency

Polymarket traffic surpasses DeFi giants amid Trump-Harris election betting craze

Polymarket, a leading prediction market platform, has seen a significant spike in website traffic, outpacing prominent DeFi platforms like Uniswap, dYdX, Compound, and GMX. The surge is primarily driven by intense interest in betting on the US presidential election, particularly on the potential face-off between former President Donald Trump and Vice President Kamala Harris. Polymarket […]
The post Polymarket traffic surpasses DeFi giants amid Trump-Harris election betting craze appeared first on CryptoSlate.
Cryptocurrency

Kamala Harris must outline crypto strategy to counter Trump’s pro-Bitcoin influence, think tank says

Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by the Official Monetary and Financial Institutions Forum (OMFIF), emphasized that Harris must engage with the […]
The post Kamala Harris must outline crypto strategy to counter Trump’s pro-Bitcoin influence, think tank says appeared first on CryptoSlate.
Cryptocurrency

Trump touts Bitcoin’s potential to ‘wipe out’ US national debt, says its ‘a very big thing’

Former President Donald Trump has suggested that Bitcoin could be a key tool in addressing the United States’ burgeoning national debt, which has officially hit $35 trillion as of July 31. In an interview on Fox News on Aug. 2, Trump proposed an unconventional approach, hinting at the possibility of utilizing the flagship crypto to […]
The post Trump touts Bitcoin’s potential to ‘wipe out’ US national debt, says its ‘a very big thing’ appeared first on CryptoSlate.
Cryptocurrency

VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing

Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
The post VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing appeared first on CryptoSlate.
Cryptocurrency

WazirX finds no evidence of compromised devices, blames Liminal security

WazirX said its preliminary investigation found no evidence indicating that the machines of WazirX signers were compromised during a recent sophisticated cyber attack on its multi-signature Ethereum wallet, according to a July 25 blog post, The attack, which occurred earlier this month, has prompted significant concern and scrutiny within the crypto community. The exchange initially […]
The post WazirX finds no evidence of compromised devices, blames Liminal security appeared first on CryptoSlate.
Cryptocurrency

Jersey City pension fund amends regulatory documents to include Bitcoin ETF exposure

Jersey City Mayor Steven Fulop has announced plans to invest a portion of the city’s pension fund in Bitcoin exchange-traded funds (ETFs), highlighting a significant step toward integrating crypto into municipal financial strategies. In a social media post on July 25, Fulop shared that the Jersey City pension fund is updating its documentation with the […]
The post Jersey City pension fund amends regulatory documents to include Bitcoin ETF exposure appeared first on CryptoSlate.
Cryptocurrency

OpenAI announces new SearchGPT prototype amid reports of looming financial woes

OpenAI announced the launch of its new SearchGPT prototype amid reports indicating the firm may face looming financial difficulties — potentially running out of cash within 12 months. SearchGPT aims to enhance AI search features by combining OpenAI’s advanced models with real-time web information. The initiative seeks to provide users with quick, accurate answers along […]
The post OpenAI announces new SearchGPT prototype amid reports of looming financial woes appeared first on CryptoSlate.
Cryptocurrency