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The focus of the cryptocurrency industry moved on from the FTX crash to the banking crisis in 2023. However, users whose funds were stuck in the defunct exchange were still living in anxiety. Bringing some respite to these investors, the European arm of FTX, FTX EU rolled out a website that will allow its European customers to put forth withdrawal requests. FTX EU garnered a regulatory green signal from the Cyprus securities regulator in March 2022. This was about seven months before the SBF-led exchange’s collapse in November. FTX Europe’s headquarters were in Switzerland. According to recent reports, the Cyprus Securities and Exchange Commission allegedly authorized the new website domain name https:// FTX europe .eu/. The new domain will be focused on returning user funds as opposed to offering trading services. Elaborating on its latest domain, FTX Europe further said, “Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regu...

Join Our Telegram channel to stay up to date on breaking news coverage Less than a year after announcing the project, the UK government has abandoned its plans to create a non-fungible token through the Royal Mint for sale. This statement was made in April of last year. Rishi Sunak, the then Chancellor and now Prime Minister, welcomed it with great enthusiasm. The British government was simultaneously working to regulate the stablecoin market by integrating them into a trusted payment system. As of now, the UK Government has scrapped its intentions to launch the non-fungible token for now. Andrew Griffith, the Treasury’s Economic Secretary, confirmed the abandonment in response to a question by Conservative MP Harriet Baldwin. He noted, “In consultation with HM Treasury, the Royal Mint is not proceeding with the launch of a non-fungible token at this time but will keep this proposal under review.” The Royal Mint-made NFT was to be part of a larger drive to m...

Join Our Telegram channel to stay up to date on breaking news coverage Traders have been withdrawing billions of dollars from Binance as the world’s largest crypto exchange faces mounting issues. In what many see as the next step in “Operation Choke Point 2.0”, Binance was sued by the Commodity Futures Trading Commission (CFTC) on Monday and accused of operating illegally in the U.S. and violating rules designed to prevent illicit financial activities. According to crypto data provider Nansen, Binance experienced net outflows of $2.1 billion on the Ethereum blockchain over seven days as of Monday evening. Overall, Binance holds $63.2 billion in the exchange’s publicly disclosed wallets, as per Nansen data. Nansen analyst Andrew Thurman said on Monday that the pace of withdrawals had increased compared to normal activity and picked up after the CFTC announcement. Probably due to these troubles, last week, Binance announced the reinstatement of fees on s...

Learn about software that manages computer hardware and software resources, provides a user interface and controls program execution. An operating system is the foundation of any computing system, controlling the input and output of data and ensuring that different programs and devices work together effectively. Examples of operating systems include Windows, MacOS, Linux, Android and iOS. Meaning and types of operating system An operating system (OS) is a software program that manages computer hardware and software resources and provides common services for computer programs. It serves as an interface between the computer hardware and software. An operating system’s main responsibility is to manage the computer’s resources, including memory, disc space, CPUs and input/output devices to ensure their effective and efficient use. The operating system also manages how programs are run and offers a user interface so that people may communicate with the machine. There are numerous types of ...

On March 27, Binance and its CEO were sued by the U.S. CFTC for regulatory violations. Specifically, they are under the radar for allegedly breaking trading and derivatives rules. In fact, the lawsuit also alleges that Binance traded on its own platform with 300 accounts directly or indirectly associated with CEO Changpeng Zhao. Via a blog post, the Binance executive labeled the civil complaint to be “unexpected and disappointing.” He went on to assert that the exchange has been “working cooperatively” with the regulatory agency for over two years. CZ further wrote, “Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint.” CZ ’s Response to the CFTC Complainthttps://t.co/iIoDR70IT9 — Binance (@binance) March 27, 2023 With respect to technology for compliance in the U.S., CZ said that the exchange remains to have one of the “highest standa...

Given the Securities and Exchange Commission’s history of suing the top crypto firms and its latest act of issuing Wells Notice to a leading crypto exchange firm, the crypto market fears crackdown. To observe, the top gainers in cryptocurrency, according to CoinMarketCap’s readings, for the past 24 hours are MASK, DASH, MINA, LTC, and LRC. Mask Network (MASK) MASK is the leading top gainer, according to CoinMarketCap, with a real-time price of $6.45 experiencing a surge of 19.50% in the last 24 hours. It has a 24-hour trading volume of $356,710,777, projecting a strength of 73.54%. It is ranked 86 in the current CoinMarketCap listing, with a market cap of $491,451,377. MASK has a circulating supply of 76,150,000 coins and a maximum supply of 100,000,000 coins. MASK strengthened by 15.05% with a volume of 0.0002271 against BTC and strengthened by 14.39% with a volume of 0.003546 against ETH. Read Also : Mask Network (MASK) Price Prediction 2022-2030 Dash (DAS...

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs Seized The U.S. Department of Justice (DOJ) announced on Thursday that Charles Riley Constant, aka Chuck Constant, has been arrested “for charges in connection with a scheme to steal and launder over $1 million in fraudulently obtained loans from the Small Business Administration (SBA), including the use of fraud proceeds to purchase cryptocurrency ATMs.” The Justice Department detailed: Law enforcement agents seized, among other things, 18 cryptocurrency ATMs in Texas and Oklahoma that Constant purchased with fraud proceeds to start a cryptocurrency ATM business named ‘Coindawg LLC,...

A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a recent review of Nigerian banks’ bond portfolios showed that the country’s financial institutions had no direct exposure to Silicon Valley Bank (SVB). Emefiele, who made the remarks during a meeting of the bank’s monetary policy committee, added that the central bank’s so-called prudential guidelines help to ensure that only healthy banks are allowed to operate. Some of the guidelines and considerations used by the CBN include banks’ non-performing loans (NPL), which averaged 4.2%, and the capital adequacy ratio of 13.7%. According to Emefi...

Galaxy Digital, a company that invests in cryptocurrencies, says that as Bitcoin (BTC) accumulation goes up, a major bullish catalyst is on the way. “Two primary supply events loom in the future, one bullish and one potentially bearish.” Galaxy Digital says that the bullish catalyst is the fourth halving of Bitcoin, which is set to happen in April 2024. Every four years, there is an event called “halving,” which cuts in half the amount of new BTC that is added to the market. In the past, the price of Bitcoin has gone up a lot when the supply of Bitcoin went down. “Bitcoin’s next halving (projected to take place in April 2024) will bring the network’s inflation rate below 1% with roughly 450 new bitcoin being mined per day. Historically, Bitcoin’s three previous halvings (2012, 2016, 2020) have been pointed to as catalyzing subsequent bull runs, as existent demand quickly outstripped lower levels of new supply… The 2024 halving should remain in foc...

The general crypto market suffered a setback amid the global financial crises, with top crypto assets like BTC and ETH shedding their gains. The down trend also spread to other altcoins, and ADA, which has recently been pushing a rally, was also impacted, dropping by 5.67% in the last day. However, the crypto market has proven tenacious in the face of the global financial collapse. Will ADA rebound and push toward new price levels when the general crypto market recovers? ADA Price Recovery Imminent At press time, the Cardano’s ADA token is trading $0.36, following a down trend of 5.67% in the last 24 hours. The digital asset value has been oscillating for a while, with a 15.2% surge in the last two weeks and a slump of 9.0% in the last month. The asset’s price is moving in line with the broader market, which is also down by 1.44% in the same period. However, there is a chance that the price will recover as soon as the broader market rallies. ADA’s recent up tr...

Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money laundering. Bulgarian Woman Handed Over to US to Face Charges Related to Onecoin Judicial and law enforcement officials in the U.S. have pressed charges against a 41-year-old woman in connection with her participation in Onecoin, one of the largest scams in crypto history. Irina Dilkinska was extradited from Bulgaria, where the massive crypto Ponzi scheme was based. Established in 2014, Onecoin offered investors a fake cryptocurrency by the same name, branded as ‘the Bitcoin killer’ at a point, through a global multi-level-marketing network. According to Onecoin’s own materials, more than 3 million people invested over $4 billion in the purported crypto by late 2016. Dilkinska was the supposed h...

The Bank of Indonesia is transitioning away from payment platforms such as Visa and Mastercard . Specifically, the country is set to begin development on “its indigenous payment platform,” according to a report from Republic World. Moreover, the President of Indonesia , Joko Widodo, has reportedly asked local agencies to begin transitioning away from international payment processors. Specifically calling for them to utilize cards that are “authorized by local banks.” JUST IN: Bank of Indonesia to transition away from Visa and Mastercard , introducing a new payment system. — Watcher.Guru (@WatcherGuru) March 21, 2023 Indonesia Moving Away from International Payment Processors In an interesting development, The Bank of Indonesia is set to begin to transition away from payment platforms like Visa and MasterCard. Specifically, the report states that the country’s president has urged local agencies to begin to use cards from their local banks. The initial report...

The Argentine tax authority (AFIP) is increasing its scrutiny when it comes to digital wallets. The institution recently revealed it found irregularities in at least 184 tax statements that include digital wallets and cryptocurrencies. These taxpayers did not include their wallet holdings as part of their 2021 tax statements, leaving close to $7.6 million in such assets undeclared. Argentine Tax Authority AFIP Finds Irregularities The Argentine tax authority has ramped up its vigilance for digital and cryptocurrency taxes. Recently, the institution announced that it had discovered a series of irregularities that involved at least 184 taxpayers, who failed to refer to their digital and cryptocurrency holdings in their tax statements. The scrutinized tax statements, corresponding to fiscal year 2021, involve a difference of close to $7.6 million in assets undeclared, which will have to be paid according to rules for existing estate taxes. The AFIP explained this was the result of cro...

Join Our Telegram channel to stay up to date on breaking news coverage The Metropoly presale is gaining significant traction in the final stretch before it ends and the official NFT marketplace launches. The Marketplace is the world’s first NFT marketplace backed by income-generating real-world properties. With just one day to go at current prices, this is your last chance to get invested at lower prices. The presale received considerable attention in recent weeks after the Metropoly team announced the official date for its product launch. As a result, those waiting on the sidelines are quickly rushing to get involved – pushing the presale past the $900,000 milestone. Just One Day To Go: Metropoly Crosses $900K There’s just one day to go before the ninth stage of the presale ends. The current stage is selling the token for a price of $0.0625, which is expected to increase after today. Therefore, if you’re still on the fence about getting involved, this ...