Author: Press Room

Bumble Dee | Adobe StockThe International Monetary Fund (IMF) has called on African countries to opt for more crypto regulation citing the recent collapse of cryptocurrency exchange FTX. In a recent blog post, the financial agency, which works to achieve sustainable growth and prosperity for all of its 190 member countries, asked for more regulations of Africa’s crypto markets, one of the fastest-growing markets in the world. The IMF said the collapse of FTX, once the third-largest cryptocurrency in the world, and the subsequent plunge in cryptocurrency prices, is “prompting renewed calls for greater consumer protection and regulation of the crypto industry.””Regulating a highly…

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Just a month after becoming the first Canadian crypto trading platform to get registered by the Investment Industry Regulatory Organization of Canada (IIROC), Coinsquare suffered a data breach that compromised users’ personal information. On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. However, several days of proactive measures allowed Coinsquare to resume operations gradually. We will be re-enabling crypto deposits shortly after the maintenance window with crypto withdrawals to follow shortly after.— Coinsquare (@Coinsquare) November 22, 2022 In a follow-up email to investors, Coinsquare admitted that their customer database with personal information…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.The IMPT presale has now raised over $13.2 million in funds, just over a month since beginning. This figure puts the Ethereum-based carbon-credit marketplace on course to reach its overall target of $25.98 million, with the market’s growing appetite for ESG investments helping it to gain momentum.As of writing, the sale is currently offering 1 IMPT at a price of $0.023, yet this is due to rise to $0.028 once it enters its third and final stage. From there,…

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BNB/USD daily chartThe Binance Coin price is up slightly over 10% this week, following a mid-week crypto relief rally. The native exchange token is the fourth-largest cryptocurrency, boasting $48 billion in market capitalization.With over $1 billion in trading volume over the past 24 hours, BNB dodders at $296 at the time of writing, just below resistance at $310. A break and hold above this level could quickly propel BNB above $350 and possibly pave the way for gains to $400.BNB/USD price chartBinance Pledges an Additional $1 Billion To the Industry Recovery FundBinance CEO Changpeng Zhao (CZ) announced another $1 billion…

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After community backlash received from an initial privacy policy revision on Nov. 23, ConsenSys, the parent company of MetaMask, released a statement to reiterate the intentions of its data collection.The company stated that the policy has always relayed how certain types of personal information are automatically collected, which could include IP addresses. According to ConsenSys, the latest updates were in the act of transparency as to how Infura, MetaMask’s default Remote Procedure Call, works with user data.ConsenSys highlighted that MetaMask itself does not collect IP addresses. Rather, the policy says users running the wallet through Infura applications are subject to data…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.2022 has been a rough year for the crypto markets, involving a great deal of uncertainty, relating to digital asset prices, blockchain investment and exchange reliability. As a result, investment trends have adapted, with crypto owners exploring bear-resistant strategies that will protect their capital from falling prices. By far the most profitable of these approaches, involving close to zero risk is automated arbitrage trading.Arbitrage: A DefinitionCrypto arbitrage is an investment strategy that generates a profit from price inefficiencies, which are the brief periods in which a crypto…

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While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager, and Terra (LUNA).Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC) for the crypto ecosystem. Emmer has been vocal against Gensler’s “indiscriminate and inconsistent approach” toward crypto oversight. On March 16, the Congressman revealed being approached by numerous crypto and blockchain firms that believed Gensler’s…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Art Gobblers, a new free-to-mint NFT collection, has recorded a huge rise in trading volume, beating popular NFT collections such as the Bored Ape Yacht Club (BAYC) in the last 24 hours. OpenSea data shows that the trading volume of the collection is 6,984 ETH in the last 24 hours, which is over 10x the volume of CryptoPunks and Bored Ape. These are good numbers as the NFT launched minting on October 31. At the time of writing, Art Gobblers had…

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The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake in one of the smallest United States banks from rural Washington has raised fresh concerns about its operations and alleged misuse of banking loopholes.Farmington State Bank in the state of Washington, now renamed Moonstone, is the 26th smallest bank in the U.S. — with a single branch and three employees. FTX invested in the rural bank through its now-bankrupt sister company, Alameda, with an investment of $11.5 million in its parent company FBH in March 2022. The Alameda…

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Image source: PixabayGlobal cybersecurity firm Kaspersky has released a list of the top five scams related to the ongoing FIFA World Cup Qatar 2022.The World Cup gets the attention of millions of football fans from all over the world. Taking advantage of this critical period of time, scammers use different techniques to monetize soccer fans’ interest. In a recent blog post, Kaspersky shared the top five scams capitalizing on the World Cup Qatar 2022 after its experts analyzed World Cup-related phishing websites from around the globe designed to steal users’ identifying and banking data. In the first place, since the match tickets for this…

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