CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
IMF Prioritizes Regulation over Ban on Crypto
The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that the nuclear option to ban cryptocurrencies remains on the table, but the agency would prefer to pursue good regulations, predictability, and consumer protection.
bitFlyer Co-Founder Seeks to Reinstate as CEO
Yuzo Kano, co-founder of cryptocurrency exchange bitFlyer, plans to reintroduce himself as CEO at a shareholders meeting next month. Kano wants to revitalize the company by introducing stablecoins, token-issuance operations, and an IPO, while also opening up the company's blockchain. He claims bitFlyer has become stagnant since his resignation in 2019, and aims to put Japan back on the map in the world of cryptocurrency.
FTX Japan users withdraw funds amid litigation
Due to the large number of FTX-SBF victims, payment is projected to take time.
2022 was a tough year for crypto with a decline in venture
Due to tough macro circumstances and industry developments, blockchain and cryptocurrency-related VC investments fell every quarter in 2022.
Scammers Target Australians in Cryptocurrency Call Center Scheme
An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.
Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3
Hong Kong's current budget allocates millions to the Web3 and crypto industries to "keep up with the times," allowing Gate.io to establish a local presence.
New York Attorney General Letitia James Sues CoinEx
CoinEx was sued by New York Attorney General Letitia James for selling bitcoin without registering.
Binance.US Could Be in Violation of Securities Law
SEC opposes Binance. US acquisition of nearly $1 billion in Voyager Digital assets.
Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter
Coinbase exceeded Wall Street profit projections in Q4 2022 despite a drop in exchange transaction volumes.
Binance Australia Derivatives starts closing certain positions and accounts
Binance Australia Derivatives are for wholesale investors exclusively, according to a separate notification.