Over 50% of the Bitcoin UTXOs that have been created now sit in profit

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OKX shuttering Canadian operations by mid 2023

Cryptocurrency exchange OKX intends to shutter operations in Canada by mid-2023, according to an email sent to users in the country. The exchange said withdrawals will remain open until June 22 and users must transfer their crypto and fiat to other crypto wallets or linked banked accounts. OKX said in the email: ” You will…

Taiwan orders financial watchdog to take over crypto regulations

Taiwan’s Financial Supervisory Commission (FSC) was selected to take on the primary responsibility for crypto regulations on Mar. 20, as Forkast News reported. The FSC’s new responsibility doesn’t include non-fungible tokens (NFTs), according to Forkast News. Crypto regulations Taiwan’s FSC chair, Huang Tian-mu, unofficially announced the FSC’s new role, which was cited by local media…

Belgium to introduce new crypto ad regulation

Belgium’s Financial Services and Markets Authority (FSMA) is set to introduce a new set of crypto ad regulations by May 17, Finance Magnates reported on March 20. Belgium’s Official Gazette published on March 17 showed that the crypto ad must be accurate and contain mandatory risk information. The companies sponsoring the advert must submit it…

AI dApp Harvester Keeper gets hacked for almost $1M

The recently launched AI trading app called Harvest Keeper saw almost $1 million of users’ funds drained through a series of ice phishing and function attacks on its blockchain. The AI-based dApp that promised high returns for investors turned out to be a scam, according to multiple crypto security firms, including CertiK. Bad actors and…

Former Coinbase CTO’s $1M Bitcoin bet has zero chance of happening: Raoul Pal

The co-founder of Real Vision, Raoul Pal, poured cold water on the likelihood of Bitcoin hitting $1 million in the next 90 days. Pal told Anthony Pomplino that Balaji Srinivasan’s $1 million Bitcoin bet has zero chance of happening. However, he said the concepts underlying the bet, namely the impact of hyperinflation on asset prices,…

NFT wash trading recorded fourth consecutive raise in February

Non-Fungible Token (NFT) wash trading volume recorded its fourth consecutive growth during the month of February, according to a recent CoinGecko report. The total NFT wash trading volume increased to $580 million, as the CoinGecko report cited. NFT marketplaces X2Y2, LooksRare, and Blur recorded the highest volumes in NFT wash trading in February. NFT wash…