The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received. Paraguayan Crypto Law Dropped …
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called Applejeus, uses a crypto site and even documents to gain …
El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El …
Brazilian Cryptocurrency Bill Resurfaces After General Ballot
The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be on the agenda for being discussed by the Chamber of Deputies, marked as urgent, and listed …
Tezro – the Revolutionary Cryptocurrency Payment System Establishing New Standards in the Blockchain Community
press release PRESS RELEASE. PARIS, FRANCE / NOVEMBER 7th 2022 / Tezro’s decentralized cryptocurrency payment service is expected to revolutionize the shopping experience. Through its innovative financial chat platform, the Tezro app combines crypto and e-commerce, enabling users to make purchases using a wide range of cryptocurrencies. With Tezro, you can buy and sell …
Charles Schwab: Cryptocurrency Is a Top Method for Retirement Savings
A study published by financial giant Charles Schwab shows that cryptocurrency is a top method for retirement savings. “Gen Z and millennial workers are more likely to also invest in cryptocurrency, real estate, annuities, and small businesses, unlike older generations.†Crypto Investments in 401(k) Accounts Financial giant Charles Schwab published a report titled “401(k) …
Cryptocurrency Is Losing Popularity as Investment Vehicle in US, According to Bankrate Survey
The popularity of cryptocurrency as an investment vehicle is dwindling in the U.S., according to a survey made by Bankrate. The survey found that trust in crypto has diminished across several groups, with millennials losing 20% of their trust in the assets — more confidence lost than in the other generational groups surveyed. Investors …
RLWC 2021: CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform
press release PRESS RELEASE. On 15 October, England men will face the Samoa men at St James Park in the opening match of the Rugby League World Cup (RLWC) 2021, which will conclude in Manchester on 18 November with the wheelchair final and a spectacular doubleheader at Old Trafford on 19 November for the …
Report: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency
According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens†that represents a ratio of what customers …
India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report
The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF by May,†a government official said. India …
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,†the BBB detailed. Crypto Scammers Defrauding Tiktok Users …
Justin Trudeau Slams Pierre Poilievre for Telling People They Can ‘Opt out’ of Inflation by Investing in Cryptocurrency
Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation†by investing in cryptocurrencies. Trudeau claims that his Conservative rival’s crypto advice is not “responsible leadership.†Justin Trudeau Calls Pierre Poilievre’s Crypto Advice Irresponsible Leadership Canadian …
Uruguay Introduces Cryptocurrency Law in Parliament
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter, and introducing the Superintendence of Financial Services as the organization …
Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine Cryptocurrency Mining Farms
The Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $ 600,000 in hardware was found at just one of these locations, and the high level of power consumed helped the institution track these …
Iran Places First Official Import Order With Cryptocurrency Worth $10 Million
Iran has placed its first official import order using cryptocurrency worth $ 10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,†the official added. Iran Uses Crypto to Place Import Order Iran placed its …