A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss. Read More at https://cointelegraph.com/news/homeowner-insurance-didnt-cover-crypto-scam-appeals-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: October 2024
South Korea to ramp up oversight of cross-border crypto transactions: Report
South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime. Read More at https://cointelegraph.com/news/south-korea-regulate-cross-border-trade-virtual-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank
Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022. Read More at https://cointelegraph.com/news/premature-fear-ethereum-layer-2s-will-harm-revenue-sygnum-bank?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Thailand crypto market is shifting away from retail: Binance Thailand CEO
Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand. Read More at https://cointelegraph.com/news/thailand-crypto-market-shifting-retail-institutional-binance-thailand-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Netherlands seeks input on crypto tax monitoring laws to align with EU
The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.” Read More at https://cointelegraph.com/news/netherlands-input-crypto-tax-monitoring-bill-align-eu?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Rotation out of ETH into SOL causes another surge in bearishness
The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames. Read More at https://cointelegraph.com/news/ether-bitcoin-ratio-hits-lowest-3-years-bearishness-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BingX launches ‘ShieldX’ wallet firewall months after $52M hack
The Singapore-based crypto exchange says the new security initiative dubbed “ShieldX” will help prevent future exploits and better safeguard user assets. Read More at https://cointelegraph.com/news/bingx-launches-security-initiative-after-multi-million-dollar-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Microsoft shareholders propose firm to look into investing in Bitcoin
Microsoft’s board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin. Read More at https://cointelegraph.com/news/microsoft-board-assess-investing-bitcoin-shareholder-vote?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US government crypto wallets hacked for $20M — Arkham Intelligence
According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets. Read More at https://cointelegraph.com/news/us-government-crypto-hacked-arkham-intelligence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India mulls new crypto ban to support CBDC, Lazarus Group strikes again: Asia Express
India considers new ban on crypto to support the digital rupee, and North Korean hackers are suspected to be behind two recent attacks. Read More at https://cointelegraph.com/magazine/india-bitcoin-ban-bingx-hacker-lazarus-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound