Category: Cryptocurrency
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Largest stolen credit card market shunned by cybercriminals after alleged “exit scam”
Yale Lodge – the largest dark web vendor of stolen credit cards – has suffered a mass exodus of both customers and stolen data suppliers after apparently stealing their funds. Though the vendor is still online and has blamed the issues on “technical difficulties”, it has been banned and removed from all high-profile cybercriminal forums…
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A Diplomatic Standoff Over Pavel Durov
The Background: Pavel Durov, the founder of the popular messaging app Telegram, has been a subject of controversy between Russia and France. He has been critical of the Russian government and has faced pressure from authorities. Durov’s French citizenship has complicated the matter, as both countries claim jurisdiction over him. The Recent Demand: Moscow has…
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El Salvador has launched a Bitcoin certification program to train 80,000 government employees
El Salvador has launched a Bitcoin certification program to train 80,000 government employees in strategic management and public policy related to Bitcoin. The initiative, led by the National Bitcoin Office, aims to enhance the nation’s Bitcoin-driven economy and governance standards.
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A Nigerian court recently froze nearly $38 million in cryptocurrency that authorities claim was intended to support protests
A Nigerian court recently froze nearly $38 million in cryptocurrency that authorities claim was intended to support protests against the rising cost of living in the country. The protests, part of the “#EndBadGovernance” movement, have been driven by increasing public dissatisfaction with inflation and the depreciation of the Nigerian naira. The decision to freeze the…
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AlJazeera: The New World Economic Order?
Economic integration and globalisation, the free flow of trade, with the United States at the helm: that is the economic order the world has known for decades. Today, the disintegration of the rules-based old world order is evident. Countries are becoming more inward-looking, regulatory fences have been erected, the World Trade Organization is in limbo,…
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CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump
CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump CNBC has discussed the idea of the U.S. potentially holding Bitcoin as a reserve currency, particularly under Donald Trump’s leadership. Trump, who previously called Bitcoin a “scam,” has recently softened his stance, noting its growing usage and substantial…
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Nigeria takes aim at digital sovereignty with the development of a homegrown blockchain system dubbed “Nigerium”
The initiative, spearheaded by the country’s National Information and Technology Development Agency (NITDA), aims to address data security concerns and enhance transaction efficiency. While a timeline for development and implementation is yet to be established, Nigerium is envisioned as a platform for secure and transparent transactions across various sectors. “Developing an indigenous blockchain like Nigerium…
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Russia defied sanctions to join high-income rank
The World Bank’s recognition of Russia as a high-income country is “not surprising, but a reality”, Dr. Georgy Ostapkovich, Director of the Center for Market Research at the Higher School of Economics, told Sputnik. Russia is seeing income growth of around 4-5%, with earnings growing in double digits, Ostapkovich said, stressing that the driving force…
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Number of crypto ATMs installed nears its all-time record
The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines that were removed in 2023. The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As of 2024, there…
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