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Ukrainian cyber police, together with Estonian law enforcement officers, have identified suspects in the embezzlement of...
02/03/2022

Ukrainian cyber police, together with Estonian law enforcement officers, have identified suspects in the embezzlement of victims' funds under the guise of investments in the securities market. The attackers accepted payments in cryptocurrency, the cyber police department reported.

According to the investigation, the fraudulent scheme was organized by a resident of Krivoy Rog and attracted his acquaintance to it.

They offered foreign citizens income from securities trading. To make it more convincing, they also opened a network of call centers in different regions of Ukraine.

The fair price of bitcoin is at about $38,000, according to calculations by JPMorgan strategists led by Nikolaos Panigir...
02/03/2022

The fair price of bitcoin is at about $38,000, according to calculations by JPMorgan strategists led by Nikolaos Panigirtsoglu. This is reported by Bloomberg.

Analysts assumed that the volatility of the cryptocurrency is about four times higher than that of gold. In the scenario of reducing the asset volatility ratio by up to three times, the fair valuation of bitcoin rises to $50,000, they noted.

Cryptocurrencies seem to be close to the "hyper-acceptance" phase, similar to the internet in the second half of the 199...
02/03/2022

Cryptocurrencies seem to be close to the "hyper-acceptance" phase, similar to the internet in the second half of the 1990s. This opinion was expressed in the report by analysts of Wells Fargo, one of the largest US banks.

Comparing the development of cryptocurrencies with other innovative technologies, the specialists of the financial holding noted that digital assets have not yet passed the so-called "inflection point". After it, an explosive mass adoption of innovations began.

A trader under the nickname macromule shared a trading algorithm that brought about 1000% per annum. The signal to open ...
02/03/2022

A trader under the nickname macromule shared a trading algorithm that brought about 1000% per annum. The signal to open a position is a tweet by bitcoin skeptic and gold supporter Peter Schiff, dedicated to the first cryptocurrency.

The user recommended closing the position after 72 hours. During the study period, according to such rules, 203 transactions could be made, of which 65% would bring an average of 3% profit.

Below is a fragment of the work of the "strategy" in January 2021. In one case, the profit was 19%, in the other - 23%.

President of Kazakhstan Kassym-Jomart Tokayev at a government meeting instructed to raise the tax on the extraction of c...
02/03/2022

President of Kazakhstan Kassym-Jomart Tokayev at a government meeting instructed to raise the tax on the extraction of cryptocurrencies and identify all mining farms. This is reported by local media.

According to him, the "socio-economic effect" of mining cryptocurrencies is minimal, while this activity creates a significant load on the power grid. At the same time, "gray miners" use electricity at very low tariffs and do not pay taxes for imported equipment.

Mitsubishi UFJ Trust and Banking, a member of Japan's largest financial conglomerate MUFG, announced the launch of a sta...
02/03/2022

Mitsubishi UFJ Trust and Banking, a member of Japan's largest financial conglomerate MUFG, announced the launch of a stablecoin linked to the Japanese yen in 2023. Nikkei writes about this.

A stablecoin called Progmacoin will find application in clearing and settlements on the digital securities platform launched by SBI Holdings and Sumitomo Mitsui this year.

The Osaka-based exchange will simplify investments in non-traditional assets such as real estate, as well as rights to distribute works of art and films.

By the end of 2021, Tesla recorded a loss of $101 million from the depreciation of bitcoins held on the balance sheet, f...
02/03/2022

By the end of 2021, Tesla recorded a loss of $101 million from the depreciation of bitcoins held on the balance sheet, for which it spent a total of $1.5 billion. Similar data is provided in the reports for the SEC.

The loss of $101 million is due to a "change in the book value of the first cryptocurrency." As of December 31, 2021, the fair market value of the position was $1.99 billion.

North Korea continues to develop its nuclear programs, and their important source of funding was the funds received from...
11/02/2022

North Korea continues to develop its nuclear programs, and their important source of funding was the funds received from attacks on cryptocurrency exchanges. This is reported by Reuters with reference to the UN report.

According to reports, in the period from 2020 to mid-2021, hackers from the DPRK stole more than $50 million from at least three cryptocurrency exchanges in North America, Europe, and Asia.

The report also refers to data from Chainalysis, according to which cybercriminals from the DPRK carried out at least seven attacks on cryptocurrency platforms last year, stealing assets worth about $ 400 million.

The State Bank of Pakistan (SBP) and the federal government have decided to ban the use of all cryptocurrencies. This is...
02/02/2022

The State Bank of Pakistan (SBP) and the federal government have decided to ban the use of all cryptocurrencies. This is reported by Samaa with reference to a report submitted to the Supreme Court of Sindh Province.

On October 20, 2021, the court instructed the authorities to form a committee within three months to create a regulatory framework for regulating cryptocurrencies, as well as to prepare a report on the use of digital assets.

CBDC can provide certain advantages and at the same time create serious problems for financial stability, as well as pro...
02/02/2022

CBDC can provide certain advantages and at the same time create serious problems for financial stability, as well as protection of privacy. This conclusion is contained in the report of the House of Lords of Great Britain.

The digital pound can lead to an outflow of funds from bank accounts to electronic wallets. This could increase the cost of borrowing and undermine financial stability during the crisis, the document says.

CBDC also creates security challenges — both individual accounts and the centralized registry as a whole can become a target for malicious attacks. For this reason, the national digital currency system must adapt to reflect threats, including those emanating from quantum computing.

02/02/2022

Created by Cosmea Financial Holdings and Kling Trading India on a parity basis, the Torus Kling Blockchain and the International Stock Exchange of India signed a protocol of intent to launch an ETF based on bitcoin and Ethereum futures.

The partners will also launch the first discount certificates in Asia that track the dynamics of shares focused on metaverse companies with high capitalization. Details are not specified.

Regulatory-compliant products are implemented within the management sandbox of the International Financial Services Centers of India. If approved by regulators, they will be launched by the end of the first quarter.

The state-backed Chinese blockchain platform Blockchain Services Network (BSN) plans to deploy an infrastructure to supp...
02/02/2022

The state-backed Chinese blockchain platform Blockchain Services Network (BSN) plans to deploy an infrastructure to support non-cryptocurrency NFTs at the end of January 2022. This is reported by SCMP.

Despite Beijing's ban on virtual currencies, NFTs "have no legal problems in China" while distancing themselves from bitcoin and other digital assets, Red Date Technology CEO He Yifan explained to the publication. The company provides technical support to BSN.

Company Samsung demonstrated the world's first in-memory calculations based on MRAM. The company believes that this will...
02/02/2022

Company Samsung demonstrated the world's first in-memory calculations based on MRAM. The company believes that this will allow combining memory and system semiconductors to create next-generation artificial intelligence chips.

To achieve this goal, the company's researchers replaced the standard architecture of computing in memory with a "current sum" with a new one - with a "sum of resistances". This solves the problem of small resistances of individual MRAM devices, the researchers said.

Performance testing of AI deployed on a computing chip in memory showed 98% accuracy in classifying handwritten digits and 93% in detecting faces.

The Swiss National Bank (SNB), together with its partners, has successfully tested the integration of wholesale CBDC int...
02/02/2022

The Swiss National Bank (SNB), together with its partners, has successfully tested the integration of wholesale CBDC into settlements with commercial credit institutions, the regulator said in a press release.

02/02/2022

The world's largest retail chain Walmart is supposedly preparing to enter the metaverse space with plans to create its own cryptocurrency and NFT collections, CNBC reports.

According to open data, on December 30, 2021, the retailer filed seven applications for registration of new trademarks with the patent office. They indicate an intention to produce and sell virtual goods, including electronics, home decorations, toys, sporting goods and hygiene products.

The Monetary Authority of Singapore (MAS) has advised cryptocurrency companies not to advertise their services to the ge...
18/01/2022

The Monetary Authority of Singapore (MAS) has advised cryptocurrency companies not to advertise their services to the general public in order to avoid the risk of speculation.

According to the published rules, digital payment token service providers (DPT) should not promote them in public places and transport, do not use third-party websites, social media platforms, electronic and print media for this.

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